What is the auditor's responsibility regarding significant audit findings for iTan?

According to iTan's 2025 Franchise Disclosure Document, the auditor is required to communicate significant audit findings to those charged with governance. This communication also includes the planned scope and timing of the audit, as well as certain internal control related matters identified during the audit.

For a prospective iTan franchisee, this means that the company's financial audits are subject to scrutiny, and any significant issues discovered during the audit process must be reported to the appropriate governing parties. This requirement promotes transparency and accountability in iTan's financial reporting.

It is important to note that the auditor's responsibility is to provide reasonable assurance that the financial statements are free from material misstatement, but this is not an absolute guarantee. The auditor's report includes their opinion on the financial statements, based on their audit.

Prospective franchisees should review the audit reports and any related communications to understand the financial health and stability of iTan. Understanding the scope and findings of these audits can help in making an informed investment decision.