With whom is the auditor required to communicate regarding the audit of Dq Treat?
Dq_Treat 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 17 — The following paragraph is added to the end of Item 17 of the Disclosure Document: (FDD pages 70–378)
What This Means (2025 FDD)
According to Dq Treat's 2025 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, significant audit findings, and certain internal control-related matters identified during the audit.
For a prospective Dq Treat franchisee, this indicates that the company undergoes regular audits, and the findings are communicated to those in charge of governing the company. This promotes transparency and accountability within the Dq Treat franchise system.
This communication ensures that key stakeholders are informed about the financial health and operational effectiveness of Dq Treat, which can be reassuring for franchisees who are investing in the brand. It also highlights the franchisor's commitment to maintaining sound financial practices and addressing any potential issues in a timely manner.