With whom are the auditors required to communicate regarding the audit of Even Hotels?
Even_Hotels 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 99–438)
What This Means (2025 FDD)
According to Even Hotels' 2025 Franchise Disclosure Document, the auditors are required to communicate with those charged with governance. This communication includes the planned scope and timing of the audit. It also includes significant audit findings. Certain internal control-related matters identified during the audit must also be communicated.
For a prospective Even Hotels franchisee, this indicates that the audit process involves transparency and communication with relevant governing bodies. This ensures that significant findings and internal control matters are properly addressed.
This communication helps maintain the integrity and reliability of the financial reporting. It also ensures that any potential issues are brought to the attention of those responsible for overseeing the company's governance.