What is the planned timing of the audit that the auditor is required to communicate for Deka Lash?

According to the 2024 Deka Lash Franchise Disclosure Document, the auditor is required to communicate with those charged with governance regarding the planned scope and timing of the audit. This communication also includes significant audit findings and certain internal control related matters identified during the audit.

For a prospective Deka Lash franchisee, this means that the audit process will have a planned schedule and scope, ensuring a structured review of the company's financials. The communication of audit findings and internal control matters provides transparency and allows for necessary adjustments or improvements in Deka Lash's financial processes.

This requirement ensures that Deka Lash maintains a level of financial accountability and transparency, which can be reassuring for potential franchisees. Knowing that audits are conducted with a planned scope and timing, and that findings are communicated to relevant parties, can instill confidence in the financial management of the franchise system.