With whom is the auditor required to communicate regarding the audit of Cr3 American Exteriors?

According to the 2025 FDD, Cr3 American Exteriors' auditor is required to communicate with those charged with governance. This communication includes the planned scope and timing of the audit. The auditor must also report significant audit findings. In addition, the auditor must communicate certain internal control-related matters identified during the audit.

This requirement ensures that individuals responsible for overseeing the financial reporting process are informed about the audit's key aspects and findings. This promotes transparency and accountability in financial reporting.

For a prospective Cr3 American Exteriors franchisee, this indicates that the franchisor's financial statements are subject to a thorough and transparent audit process. This can provide a level of assurance regarding the financial health and stability of the franchise system. Franchisees can request more information about these communications during their due diligence to better understand the oversight and integrity of Cr3 American Exteriors' financial reporting.