What specific matters is the auditor required to communicate to those charged with governance at iTan?
Itan 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 — RECEIPT (FDD pages 44–190)
What This Means (2025 FDD)
According to iTan's 2025 Franchise Disclosure Document, the auditor is required to communicate with those charged with governance regarding several key aspects of the audit. These include the planned scope and timing of the audit, ensuring that those involved in governing the company are aware of the audit's timeline and extent.
Additionally, the auditor must communicate any significant audit findings. This ensures that important issues discovered during the audit are brought to the attention of the governing body, allowing them to take appropriate action.
Finally, the auditor is also required to communicate certain internal control-related matters that were identified during the audit. This provides valuable insights into the effectiveness of iTan's internal controls and helps the governing body to address any weaknesses or deficiencies.