What is the auditor's responsibility regarding communication with those charged with governance at Hydrodog?
Hydrodog 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 43–166)
What This Means (2025 FDD)
According to Hydrodog's 2025 Franchise Disclosure Document, the auditor, Aprio, LLP, is required to communicate with those charged with governance. This communication includes the planned scope and timing of the audit.
Additionally, the auditor must report significant audit findings to those charged with governance. This ensures that key stakeholders are aware of any material issues identified during the audit process.
Finally, the auditor is obligated to communicate certain internal control-related matters that were identified during the audit. This provides transparency regarding the effectiveness of Hydrodog's internal controls and any weaknesses that may need to be addressed.