Company: ELV
Filing Date: 2025-03-28
Form Type: DEF 14A
Source: 0001156039-25-000046
Chunk: 78

Company: Elevance Health, Inc.
Filing Date: 2025-03-28
Form: DEF 14A
Chunk 78
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 appropriateness of the Independent Auditor’s fees on both an absolute basis as well as compared to fees paid for services provided by other auditing firms to our peer companies, taking into account the size and complexity of the Company and the resources necessary to perform the audit;

• tenure as our Independent Auditor, including the benefits of its institutional knowledge of the Company and our history and familiarity with our business, which enhances the Independent Auditor’s audit efficiency and effectiveness and provides cost efficiencies;

• the quality and candor of the Independent Auditor’s communications with the Audit Committee and management;

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#### Audit Committee Matters
• the current level of service engagement, value and quality provided by the Independent Auditor, including input from management on its performance and how effectively the Independent Auditor demonstrated its independent judgment, objectivity and professional skepticism;

• the quality of insight demonstrated in the Independent Auditor’s review of our assessment of internal control over financial reporting and remediation of control deficiencies;

• external data on audit quality and performance, including recent Public Company Accounting Oversight Board reports on the Independent Auditor and its peer firms; and

• the potential impact, challenges and advisability of changing Independent Auditors, including the time and expense of transitioning to a new Independent Auditor.

The Audit Committee also considers the benefits of longer tenure in an Independent Auditor, which for EY include:

• Enhanced audit quality – EY’s significant institutional knowledge and deep expertise of our business, accounting policies and practices and internal control over financial reporting enhance audit quality.

• Competitive fees – Because of EY’s familiarity with the Company, audit and other fees are competitive with peer companies.

• Avoidance of costs associated with a new auditor – Engaging new independent auditors would be costly and require a significant time commitment, which could lead to management distractions.

The Audit Committee’s Consideration of Independence of Independent Registered Public Accounting Firm

The Audit Committee has reviewed the nature of the non-audit services provided by EY and has concluded that these services are compatible with maintaining the firm’s ability to serve as our independent registered public accounting firm. Additionally, as part of the Audit Committee’s overall review of EY, it is responsible for the selection of the auditor’s lead engagement partner in conjunction with the periodic, mandated rotation of the lead partner.

Independent Registered Public Accounting Firm’s Fees

The Audit Committee is responsible for approving the audit and permissible non-audit services provided by the Independent Auditor and the associated fees.

The following table presents fees billed for all professional services provided by the Independent Auditor for the audit of our consolidated financial statements for the