Company: KBSR
Filing Date: 2025-04-28
Form Type: DEF 14A
Source: 0001482430-25-000025
Chunk: 15

Company: KBS Real Estate Investment Trust III, Inc.
Filing Date: 2025-04-28
Form: DEF 14A
Chunk 15
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 well as all permitted non-audit services. In determining whether or not to pre-approve services, the audit committee considers whether the service is a permissible service under the rules and regulations promulgated by the SEC. The audit committee may, in its discretion, delegate to one or more of its members the authority to pre-approve any audit or non-audit services to be performed by our independent registered public accounting firm, provided any such approval is presented to and approved by the full audit committee at its next scheduled meeting.

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For the years ended December 31, 2024 and 2023, all services rendered by Ernst & Young LLP were pre-approved in accordance with the policies and procedures described above.

Principal Independent Registered Public Accounting Firm Fees

The audit committee reviewed the audit and non-audit services performed by Ernst & Young LLP, as well as the fees charged by Ernst & Young LLP for such services. In its review of the non-audit service fees, the audit committee considered whether the provision of such services is compatible with maintaining the independence of Ernst & Young LLP. The aggregate fees billed to us for professional accounting services, including the audit of our annual financial statements by Ernst & Young LLP for the years ended December 31, 2024 and 2023, are set forth in the table below.

|                    |     |   |      2024 |     |   |      2023 |
|:-------------------|:----|:--|----------:|:----|:--|----------:|
| Audit fees         |     | $ |   887,500 |     | $ |   840,000 |
| Audit-related fees |     |   |         — |     |   |         — |
| Tax fees           |     |   |   141,554 |     |   |   156,590 |
| All other fees     |     |   |     7,200 |     |   |     7,200 |
| Total              |     | $ | 1,036,254 |     | $ | 1,003,790 |

For purposes of the preceding table, Ernst & Young LLP’s professional fees are classified as follows:

(1) Audit fees – These are fees for professional services performed for the audit of our annual financial statements and the required review of quarterly financial statements and other procedures performed by Ernst & Young LLP in order for them to be able to form an opinion on our consolidated financial statements. These