With whom are auditors required to communicate regarding the audit of Crepe De Licious?
Crepe_De_Licious Franchise · 2025 FDDAnswer from 2025 FDD Document
We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control– related matters that we identified during the audit.
Source: Item 23 — RECEIPTS (FDD pages 57–233)
What This Means (2025 FDD)
According to Crepe De Licious's 2025 Franchise Disclosure Document, the auditors are required to communicate with those charged with governance. This communication includes the planned scope and timing of the audit. It also includes significant audit findings and certain internal control-related matters identified during the audit.
For a potential Crepe De Licious franchisee, this indicates that the company's financial audits are overseen by a governance structure that receives direct communication from the auditors. This ensures that key stakeholders are informed about the audit process, findings, and any internal control issues.
This communication helps maintain transparency and accountability in the financial reporting process of Crepe De Licious. It also allows those charged with governance to address any concerns or issues raised by the auditors, contributing to the overall financial health and stability of the company.