Company: FWDI
Filing Date: 2025-06-20
Form Type: DEF 14A
Source: 0001683168-25-004653
Chunk: 36

Company: Forward Industries, Inc.
Filing Date: 2025-06-20
Form: DEF 14A
Chunk 36
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 our independent registered public accounting firm for the fiscal year ended September 30, 2024 and discussed matters required by the PCAOB;                                                                         |
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| · | received the written disclosures and the letter from CR, as required by the applicable requirements                                                                                                                                        
 of the PCAOB regarding the independent registered public accounting firm’s communications with the Audit Committee concerning                                                                                                              
 independence, and discussed with CR its independence from us; and                                                                                                                                                                          |
| · | in reliance on the review and discussions referred to above, recommended to the Board that the audited financial statements be included in the Annual Report on Form 10-K for the fiscal year ended September 30, 2024 filed with the SEC. |

This report is submitted by the
Audit Committee:

Sangita Shah

Sharon Hrynkow

Keith Johnson

The above Audit Committee Report
is not deemed to be “soliciting material,” is not “filed” with the SEC and is not to be incorporated by reference
in any filings that Forward files with the SEC.

It is not the duty of the Audit
Committee to determine that Forward’s financial statements and disclosures are complete and accurate and in accordance with generally
accepted accounting principles or to plan or conduct audits. Those are the responsibilities of management and Forward’s independent
registered public accounting firm. In giving its recommendation to the Board, the Audit Committee has relied on: (1) management’s
representations that such financial statements have been prepared with integrity and objectivity and in conformity with US GAAP; and (2)
the report of Forward’s independent registered public accounting firm with respect to such financial statements.

Audit Committee’s Pre-Approval Policy

The Audit Committee pre-approves
all audit and permissible non-audit services on a case-by-case basis. In its review of non-audit services, the Audit Committee considers
whether the engagement could compromise the independence of our independent registered public accounting firm, and whether the reasons
of efficiency or convenience is in our best interest to engage our independent registered public accounting firm to perform the services.

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Fees incurred by Forward for the Services Provided by CR

The following table sets forth
the aggregate fees for audit and other services provided by CR for the fiscal years ended September 30, 2024 and 2023:

|                    |     | 2024 
 ($)  |         |     | 2023 ($) |         |
| Audit Fees (1)     |     |      |