What is the auditor required to communicate regarding the timing of the audit of Healthsource Chiropractic?
Healthsource_Chiropractic Franchise · 2025 FDDAnswer from 2025 FDD Document
We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control related matters that we identified during the audit.
Source: Item 23 — Receipts (FDD pages 77–282)
What This Means (2025 FDD)
According to Healthsource Chiropractic's 2025 Franchise Disclosure Document, the auditor is required to communicate with those charged with governance regarding the planned scope and timing of the audit. This communication ensures that the relevant parties are informed about when the audit will take place and what areas it will cover.
For a prospective Healthsource Chiropractic franchisee, this means that the company's financial audits are subject to oversight and transparency. The auditor must inform those in charge of governance about the audit's scope and timeline, providing an additional layer of accountability.
This requirement helps to ensure that the audit process is well-planned and that any significant findings or internal control issues identified during the audit are communicated to the appropriate individuals. This can give franchisees confidence in the financial health and stability of Healthsource Chiropractic.