What is the scope of the auditor's communication with those charged with governance regarding the audit of Deck Medic?
Deck_Medic Franchise · 2024 FDDAnswer from 2024 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 43–228)
What This Means (2024 FDD)
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.
Additionally, the auditor must report any significant audit findings to those charged with governance. This ensures that key stakeholders are aware of any material issues identified during the audit process.
Finally, the auditor is obligated to communicate certain internal control-related matters that were identified during the audit. This provides transparency regarding the effectiveness of Deck Medic's internal controls and any weaknesses that may need to be addressed.