With whom is the auditor required to communicate regarding the audit of Pearce Bespoke?

According to Pearce Bespoke's 2025 Franchise Disclosure Document, the auditor is required to communicate with those charged with governance. This communication includes discussing the planned scope and timing of the audit. Additionally, the auditor must report any significant findings discovered during the audit. The communication also extends to internal control-related matters identified during the audit.

For a prospective Pearce Bespoke franchisee, this indicates that the audit process is transparent and overseen by an independent body. The "those charged with governance" typically refers to the company's board of directors, audit committee, or similar governing body. This ensures that financial reporting and internal controls are subject to scrutiny and that any issues are brought to the attention of the appropriate decision-makers within Pearce Bespoke.

This requirement promotes accountability and helps to ensure the accuracy and reliability of Pearce Bespoke's financial statements. Franchisees can take comfort in knowing that the financial information provided by Pearce Bespoke has been reviewed by an independent auditor who is obligated to communicate any concerns to the company's governing body. This level of oversight is common in franchising and is intended to protect the interests of both the franchisor and its franchisees.