With whom is the auditor required to communicate regarding the audit of Devon Creek?

According to Devon Creek'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 involves sharing significant audit findings and certain internal-control related matters identified during the audit.

For a prospective Devon Creek franchisee, this means that the individuals or group responsible for overseeing the company's strategic direction and accountability will be informed about the audit process and its outcomes. This ensures transparency and allows for informed decision-making based on the audit results.

This communication helps maintain the integrity of Devon Creek's financial reporting and internal controls. Franchisees can have confidence that financial matters are being appropriately reviewed and addressed by the auditor and those in governance roles.