With whom are auditors required to communicate regarding the audit of Floors To Go?

According to the 2025 Floors To Go Franchise Disclosure Document, the auditors are required to communicate with those charged with governance. This communication includes discussing the planned scope and timing of the audit. Additionally, the auditors must report any significant audit findings to this group.

Furthermore, the auditors are obligated to communicate certain internal control-related matters that they identify during the audit process. This ensures that those in governance positions are informed about the effectiveness of the company's internal controls and any potential weaknesses that need to be addressed.

For a prospective Floors To Go franchisee, this indicates that the franchisor's financial audits are subject to scrutiny and oversight by an independent body. The communication requirements ensure transparency and accountability in the financial reporting process, which can provide franchisees with confidence in the financial stability and management practices of the Floors To Go franchise system.