What specific matters 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 certain matters to those charged with governance. These matters include the planned scope and timing of the audit. This means the auditor must inform relevant parties about the extent and schedule of the audit activities.

The auditor must also communicate significant audit findings. This involves reporting any important issues or observations that arise during the audit process. Additionally, the auditor is required to communicate certain internal control-related matters identified during the audit. This includes reporting any weaknesses or deficiencies in the company's internal controls that are discovered during the audit.

For a prospective franchisee, this communication provides transparency and oversight of Pearce Bespoke's financial reporting and internal controls. It ensures that key stakeholders are informed about the audit process, significant findings, and any internal control issues. This can help franchisees have confidence in the accuracy and reliability of the financial information provided by the franchisor.