With whom are auditors required to communicate regarding the audit of Deck Medic?

According to Deck Medic's 2024 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 includes significant audit findings. Finally, the auditor must communicate certain internal control related matters that were identified during the audit.

For a potential Deck Medic franchisee, this indicates that the audit process involves regular communication with individuals or groups responsible for overseeing the company's financial management and internal controls. This ensures transparency and accountability in the financial reporting process.

This communication helps to ensure that those in charge of governance are well-informed about the audit's progress, any significant issues discovered, and the effectiveness of internal controls. This is a standard practice in auditing, as it promotes good corporate governance and helps to protect the interests of stakeholders.