With whom are the auditors required to communicate regarding the audit of Creative World School?

According to the 2025 Creative World School FDD, the auditors are required to communicate with those charged with governance. This communication includes the planned scope and timing of the audit, significant audit findings, and certain internal control related matters identified during the audit.

For a potential Creative World School franchisee, this indicates that the financial statements of the company are subject to scrutiny by independent auditors. These auditors must communicate key aspects of their audit to those overseeing the company's governance. This process helps ensure transparency and accountability in the financial reporting of Creative World School.

This communication requirement is a standard practice in financial auditing, designed to keep the governing body informed about the audit process and any significant issues that arise. It provides an additional layer of oversight and helps to ensure the reliability of the financial information presented by Creative World School.