What is the auditor's responsibility regarding the planned scope and timing of the audit for Healthsource Chiropractic?

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. Additionally, the auditor must communicate significant audit findings and certain internal control related matters identified during the audit.

This communication ensures that the relevant parties are informed about the audit's extent and schedule, allowing for proper oversight and preparation. It also keeps them abreast of any critical issues discovered during the audit process, such as problems with internal controls.

For a prospective Healthsource Chiropractic franchisee, this indicates that the company's financial audits are subject to external scrutiny and that key stakeholders are kept informed of the audit's progress and findings. This transparency can provide a level of assurance regarding the financial health and reporting practices of the franchisor.