What matters 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 the 2025 Crepe De Licious Franchise Disclosure Document, the auditors are required to communicate certain matters with those charged with governance. These matters include the planned scope and timing of the audit. This means Crepe De Licious's auditors must inform relevant parties about the extent and schedule of the audit activities.
Additionally, the auditors must communicate significant audit findings. This encompasses any important issues or observations that arise during the audit process that could impact the financial statements or internal controls of Crepe De Licious.
Finally, the auditors are obligated to report on certain internal control-related matters identified during the audit. This involves communicating any weaknesses or deficiencies in Crepe De Licious's internal controls that the auditors discover while conducting their procedures. These communications ensure transparency and provide valuable insights to those overseeing the financial governance of Crepe De Licious.