With whom are the auditors required to communicate regarding significant audit findings for Gokhale Method?

According to the 2024 Gokhale Method Franchise Disclosure Document, the auditors are required to communicate significant audit findings with those charged with governance. This communication also includes the planned scope and timing of the audit, as well as 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 directly to those in charge of governance. This promotes transparency and accountability in financial reporting.

This communication ensures that key stakeholders are informed about the financial health and internal controls of Gokhale Method. Franchisees can take comfort in knowing that the franchisor's financial practices are subject to scrutiny and oversight.