With whom are the auditors required to communicate regarding the audit of Moes Southwest Grill?
Moes_Southwest_Grill 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 92–334)
What This Means (2025 FDD)
According to the 2025 FDD, the auditors for Moes Southwest Grill are required to communicate with those charged with governance. This communication includes discussing the planned scope and timing of the audit.
Additionally, the auditors must report any significant findings that arise during the audit process. These findings could relate to accounting practices, internal controls, or other areas of concern identified during the examination of the company's financial records.
Furthermore, the auditors are obligated to communicate any matters related to internal controls that they identify during the audit. This ensures that those charged with governance are aware of any weaknesses or deficiencies in the company's internal control systems that could impact the accuracy and reliability of financial reporting.