Company: INGVF
Filing Date: 2025-03-06
Form Type: 20-F
Source: 0001628280-25-010764
Chunk: 214

Company: ING GROEP NV
Filing Date: 2025-03-06
Form: 20-F
Item: Item 16C
Chunk 214
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Item 16C. Principal Accountant Fees and Services
At the Annual General Meeting held on 24 April 2023, KPMG (KPMG Accountants N.V. in Amstelveen, the Netherlands – PCAOB ID: 1012) was re-appointed as the external audit firm for ING Group for the financial years 2024 and 2025 which will be the maximum term for KPMG as the external auditor. This appointment includes the responsibility to provide an audit opinion on the financial statements and internal control over 

financial reporting on 31 December 2024 and to report on the outcome of these audits to the Executive Board and the Supervisory Board. 
The external auditor may be questioned at the Annual General Meeting in relation to its audit opinion on the financial statements. The external auditor will therefore attend and be entitled to address this meeting. The external auditor attended the meetings of the Risk Committee and of the Audit Committee and attended and addressed the 2023 Annual General Meeting, at which the external auditor provided an explanation on the audit activities and the audit opinion. 
The external auditor may only provide services to ING Group and its subsidiaries with the permission of the Audit Committee, in line with the ING Group Policy on External Auditors’ Independence. All services were approved by the Audit Committee.
More information on the ING Group Policy on External Auditors’ Independence is available on the website of ING Group www.ing.com.
Audit fees
Audit fees were paid for audit and assurance services provided by the auditors. The services provided include the audit of ING Group’s consolidated financial statements and Form 20-F. Moreover, these services include the audits of the statutory financial statements of its subsidiaries. And, it includes assurance services provided by the auditor regarding other filings for regulatory and supervisory purposes as well as the review on interim financial statements. Furthermore, it includes the assurance services relating to comfort letters issued in connection with prospectuses and reviews of SEC product filings.
Audit-related fees
Audit-related fees were paid for assurance and related services that are reasonably related to the performance of the audit or review of the consolidated financial statements not reported under the audit fee item above. These services consisted primarily of specific agreed-upon procedure engagements and assurance engagements for third parties.
Tax fees
Over 2024 no tax fees were paid. Under the current ING Group Policy on External Auditors’ Independence most tax services are prohibited. Some tax services are only allowed after specific approval under an ‘exception procedure’. 
Reference is made