With whom are the auditors required to communicate regarding the scope and timing of the Gokhale Method audits?

According to Gokhale Method's 2024 Franchise Disclosure Document, the auditors are required to communicate with those charged with governance regarding the planned scope and timing of the audit. This communication also extends to significant audit findings and certain internal control related matters identified during the audit.

For a prospective Gokhale Method franchisee, this indicates that the company's financial audits are overseen by an independent body that reports to a group responsible for governance. This governance body ensures that the audit's scope is appropriate, that findings are properly addressed, and that internal controls are reviewed.

This communication helps ensure transparency and accountability in the financial reporting process. Franchisees can take comfort in knowing that an independent audit is conducted and that its findings are communicated to those in charge of governance. This promotes confidence in the financial health and stability of Gokhale Method.