What is the auditor required to communicate to those charged with governance regarding the audit of Deer Solution?
Deer_Solution 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 55–246)
What This Means (2025 FDD)
According to Deer Solution's 2025 Franchise Disclosure Document, the auditor is required to communicate with those charged with governance regarding several key aspects of the audit. These communications include the planned scope and timing of the audit, ensuring that those overseeing Deer Solution's financial reporting are aware of the audit's extent and schedule.
Additionally, the auditor must report any significant audit findings to the governance. This ensures transparency and allows for timely corrective action if any material issues are 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 those charged with governance with insights into the effectiveness of Deer Solution's internal controls and any weaknesses that may need to be addressed to prevent misstatements or fraud.