factual

With whom are the auditors required to communicate regarding the audit of Kitchen Solvers, and what topics must be covered?

Kitchen_Solvers Franchise · 2025 FDD

Answer 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 21 — Financial Statements (FDD pages 48–49)

What This Means (2025 FDD)

According to Kitchen Solvers' 2025 Franchise Disclosure Document, the auditors are required to communicate with those charged with governance. The topics covered in these communications include the planned scope and timing of the audit, significant audit findings, and certain internal control related matters identified during the audit.

This communication ensures that those responsible for overseeing the financial reporting process are informed about the key aspects of the audit. This includes when the audit will take place, what the auditors found to be significant issues, and any weaknesses in internal controls that were discovered.

For a prospective Kitchen Solvers franchisee, this indicates that the financial statements are subject to a thorough review by independent auditors who are obligated to report their findings to the appropriate governing body. This adds a layer of transparency and accountability to the financial reporting of Kitchen Solvers.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.