What specific audit findings are the auditors required to communicate regarding Craters & Freighters?

According to the 2025 FDD, the auditors for Craters & Freighters are required to communicate certain information to those charged with governance. This communication includes the planned scope and timing of the audit, ensuring that the audit process is transparent and understood by relevant parties.

In addition to the audit's scope and timing, the auditors must also report any significant audit findings. These findings could include issues related to financial misstatements, fraud, or errors detected during the audit process. Furthermore, the auditors are obligated to communicate any internal control-related matters identified during the audit, providing insights into the effectiveness of Craters & Freighters' internal controls and potential areas for improvement.

This communication requirement ensures that key stakeholders are informed about the financial health and operational integrity of Craters & Freighters. For a potential franchisee, this indicates that the franchisor's financial statements are subject to scrutiny, and any significant issues identified during the audit process will be communicated to those in charge of governance. This transparency can provide a level of assurance regarding the franchisor's financial stability and risk management practices.