What communication is KPMG LLP required to have with those charged with governance regarding the audit of Hardees?

According to Hardees's 2025 Franchise Disclosure Document, KPMG LLP, as the independent auditor, is required to communicate certain matters to those charged with governance. This communication includes the planned scope and timing of the audit. This means Hardees franchisees can expect that the audit firm will inform the governing body about when and how the audit will be conducted.

KPMG LLP must also communicate significant audit findings. This implies that any critical issues or discrepancies discovered during the audit process will be reported to the appropriate authorities within the Hardees organization. This ensures transparency and accountability in financial reporting.

Finally, KPMG LLP is required to communicate certain internal control-related matters identified during the audit. This indicates that any weaknesses or deficiencies in Hardees's internal controls that are found during the audit will be brought to the attention of those in charge of governance. This allows for timely corrective action to improve the company's internal control systems.