What communication is the auditor required to have with those charged with governance regarding the audit of Jersey Mikes?

According to Jersey Mike's 2025 Franchise Disclosure Document, the auditor is required to communicate with those charged with governance. This communication includes the planned scope and timing of the audit. It also involves sharing significant audit findings. Furthermore, the auditor must communicate certain internal control-related matters identified during the audit.

For a prospective Jersey Mike's franchisee, this means that the audit process is transparent and overseen by an independent body. The communication ensures that those in charge of governance are informed about the audit's progress, findings, and any issues related to internal controls. This transparency helps maintain the integrity of the financial statements and provides stakeholders with confidence in the financial health of Jersey Mike's.

This requirement aligns with standard auditing practices, ensuring that audits are thorough and that any potential issues are brought to the attention of the appropriate parties. Franchisees can take comfort in knowing that the financial statements of Jersey Mike's are subject to rigorous review and that any significant findings or control-related matters are communicated to those in governance roles.