With whom are the auditors required to communicate regarding the audit of Crepe De Licious?

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 covers significant audit findings and certain internal control-related matters identified during the audit.

For a prospective Crepe De Licious franchisee, this indicates that the company's financial audits are overseen by an independent body that reports to those with governance responsibilities within the company. This helps ensure transparency and accountability in financial reporting. The communication between the auditors and those charged with governance is a standard practice in financial audits, ensuring that key stakeholders are informed of the audit's progress, findings, and any issues related to internal controls.

This process provides a level of assurance that the financial statements of Crepe De Licious are thoroughly reviewed and that any significant issues are brought to the attention of the appropriate parties. Franchisees can take comfort in knowing that the franchisor's financial health is regularly assessed and that any potential risks or concerns are communicated to those in charge of governance.