Company: FLDDW
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001013762-25-004107
Chunk: 144

Company: Fold Holdings, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 1
Chunk 144
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formal education and previous experience in financial roles. Both our independent registered public accounting firm and management periodically
meet privately with the audit committee.

The functions of the audit committee include, among other things:

●evaluating the performance, independence, compensation, retention,
oversight and qualifications of our independent auditors and determining whether to retain our existing independent auditors or engage
new independent auditors;

●reviewing our financial reporting processes and disclosure
controls;

●reviewing and approving the engagement of our independent
auditors to perform audit services and any permissible non-audit services;

●reviewing the adequacy and effectiveness of our internal control
policies and procedures, including reviewing, with the independent auditors, management’s plans with respect to the responsibilities,
budget, staffing and effectiveness of our internal audit function, and reviewing and approving our head of internal audit (if established);

●reviewing with the independent auditors the annual audit plan,
including the scope of audit activities and all critical accounting policies and practices to be used by the Company;

●obtaining and reviewing at least annually (if required by
applicable stock exchange listing requirements) or as otherwise determined, a report by our independent auditors describing the independent
auditors’ internal quality-control procedures and any material issues raised by the most recent internal quality-control review,
peer review, or any inquiry or investigation by governmental or professional authorities;

●setting clear hiring policies for employees or former employees
of our independent auditors;

●monitoring the rotation of partners of our independent auditors
on our engagement team as required by law;

●at least annually, reviewing relationships that may reasonably
be thought to bear on the independence of the committee, receiving and reviewing a letter from the independent auditor affirming their
independence, discussing the potential effects of any such relationship, and assessing and otherwise taking the appropriate action to
oversee the independence of our independent auditor;

●reviewing our annual and quarterly financial statements and
reports, including the disclosures contained in “Management’s Discussion and Analysis of Financial Condition and Results
of Operations” and “Risk Factors,” and discussing the statements and reports with our independent auditors
and management;

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●reviewing with our independent auditors and management significant
issues that arise regarding accounting principles and financial statement presentation and matters concerning the scope, adequacy and
effectiveness of our financial controls and critical accounting policies;

●reviewing with management and our independent auditors any
earnings announcements, disclosures and other financial information and guidance;