Company: UMBFO
Filing Date: 2025-03-14
Form Type: DEF 14A
Source: 0001193125-25-054504
Chunk: 72

Company: UMB FINANCIAL CORP
Filing Date: 2025-03-14
Form: DEF 14A
Chunk 72
---
. |

The Audit Committee’s policy is to pre-approveall fees and other terms of the audit engagement and pre-approveall permitted non-auditservices to be performed by the independent auditors and establish policies and procedures for the engagement of the independent auditors to provide permitted non-auditservices. The Audit Committee has delegated to the Chairperson of the Committee the authority to grant pre-approvalsof audit and permissible non-auditservices, provided that the decisions of the Chairperson shall be presented to the full Audit Committee at its next scheduled meeting. 66

<div align='center'>**REPORT OF THE CORPORATE AUDIT COMMITTEE**</div>

The Audit Committee exercises general oversight, on behalf of the Board, over the accounting, financial reporting, and internal control functions of UMB. The Audit Committee has sole authority over the appointment and replacement of UMB’s independent registered public accounting firm and is directly responsible for the compensation and oversight of UMB’s independent registered public accounting firm. The Audit Committee also approves the risk- assessment methodology, risk assessment, and annual audit plan of the internal audit function and all decisions on the appointment, removal, and compensation of UMB’s Chief Audit Executive. Other duties, responsibilities, and authorities of the Audit Committee are set forth in its charter, which has been approved by the Board and can be found at investorrelations.umb.com then selecting “Governance Documents” under the heading “Governance.”

Management is primarily responsible for UMB’s accounting, financial reporting, and internal control functions and has represented to the Audit Committee that UMB’s consolidated financial statements have been prepared in accordance with generally accepted accounting principles. The consolidated financial statements of UMB as of and for the fiscal year ended December 31, 2024, were audited by KPMG as the independent registered public accounting firm.

The Audit Committee discussed the interim financial information contained in each quarterly earnings announcement with management, KPMG, and internal auditors—including in separate executive sessions—prior to the public release of each announcement. The Audit Committee has reviewed the audited financial statements of UMB as of and for the fiscal year ended December 31, 2024, and has discussed them—including in separate executive sessions—with management, KPMG, and internal auditors.

The Audit Committee has reviewed and discussed with KPMG the matters required to be discussed by applicable requirements adopted by the Public Company Accounting Oversight Board and the SEC.

The Audit Committee has received the written disclosures and the letter from KPMG required