What is the auditor's responsibility to communicate with those charged with governance regarding the audit of Crave?

According to Crave's 2025 Franchise Disclosure Document, the auditor is required to communicate with those charged with governance. This communication includes the planned scope and timing of the audit. It also involves sharing significant audit findings that arise during the audit process. Furthermore, the auditor must communicate certain internal control-related matters identified during the audit.

For a potential Crave franchisee, this indicates that the audit process is transparent and overseen by an independent auditor who is responsible for informing the company's leadership about important aspects of the audit. This communication helps ensure that those in charge of governance are aware of the audit's scope, any significant issues discovered, and any weaknesses in internal controls.

This requirement aligns with standard auditing practices, ensuring that financial statements are thoroughly reviewed and that any potential issues are brought to the attention of the appropriate parties within the organization. Franchisees can take comfort in knowing that Crave's financial audits are subject to external scrutiny and that findings are communicated to those in governance roles.