What specific actions are KPMG LLP required to communicate to those charged with governance at Remax regarding the audit?

According to the 2025 Remax Franchise Disclosure Document, KPMG LLP, as the independent auditor, has specific communication responsibilities to those charged with governance at Remax. These communications are required as part of performing an audit in accordance with Generally Accepted Auditing Standards (GAAS).

Specifically, KPMG LLP is required to communicate regarding the planned scope and timing of the audit. This means Remax will be informed about the extent and schedule of the audit activities. Additionally, KPMG LLP must communicate significant audit findings, which would include any material issues or discrepancies discovered during the audit process.

Furthermore, KPMG LLP is obligated to report certain internal control-related matters that they identify during the audit. This implies that if the auditors find any weaknesses or deficiencies in Remax's internal controls, those issues must be communicated to the appropriate governing parties within the organization. This ensures that Remax's leadership is aware of any potential risks or vulnerabilities related to financial reporting and internal operations.