What is the auditor's responsibility regarding significant audit findings 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, any significant audit findings, and certain internal control related matters identified during the audit.

This means that the auditor, Park & Illenberger, CPA's, Inc., is responsible for informing the Healthsource Chiropractic board of directors and members about the audit's plan, any major issues discovered during the audit, and any problems found with the company's internal controls. This communication ensures that those in charge of governing Healthsource Chiropractic are aware of the financial health and any potential risks or weaknesses within the company.

For a prospective franchisee, this indicates that Healthsource Chiropractic undergoes regular financial audits, and the results are communicated to the company's leadership. This transparency can provide some reassurance about the financial stability and accountability of the franchisor. Franchisees may want to inquire about the history of audit findings and how Healthsource Chiropractic addresses any identified issues to ensure the franchisor maintains sound financial practices.