What is the auditor's responsibility regarding the planned scope of the audits for Gokhale Method?

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

In practical terms, this means that the auditor, Farber Hass Hurley LLP, must inform the Gokhale Method Institute's governing body about the extent and schedule of their audit activities. This ensures transparency and allows the governing body to understand the audit process and provide any necessary input or oversight.

Furthermore, the auditor's communication extends to sharing important discoveries made during the audit, such as any significant issues with financial reporting or internal controls. This allows the Gokhale Method to address these issues promptly and maintain the integrity of its financial statements. This communication helps ensure that the audit is thorough, well-understood, and contributes to the overall financial health and stability of Gokhale Method.