What is the auditor's responsibility regarding the timing of the audit of Craters & Freighters?

According to Craters & Freighters' 2025 Franchise Disclosure Document, the auditor is required to communicate with those charged with governance regarding the planned scope and timing of the audit. This communication also includes significant audit findings and certain internal control-related matters identified during the audit.

In practice, this means the auditor, Wipfli LLP, must discuss the audit's scope and schedule with the relevant governing body of Craters & Freighters. This ensures transparency and allows for input or awareness of the audit process. The communication extends beyond just timing, encompassing key findings and issues related to internal controls.

This requirement is standard practice in financial auditing, ensuring that those responsible for the company's oversight are informed about the audit's progress, any significant issues discovered, and the auditor's assessment of internal controls. This promotes accountability and allows for timely corrective actions if needed. The audit report was issued by Wipfli LLP in St. Louis, Missouri on March 26, 2025.