Company: TXEMF
Filing Date: 2025-04-01
Form Type: DEF 14A
Source: 0001741773-25-001395
Chunk: 16

Company: TEMPLETON EMERGING MARKETS INCOME FUND
Filing Date: 2025-04-01
Form: DEF 14A
Chunk 16
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 attached as Exhibit B to this proxy statement.

As required by the charter, the Audit Committee reviewed the Fund’s audited
financial statements and met with management, as well as with PwC, the Fund’s independent auditors,
to discuss the financial statements for the fiscal year ended December 31, 2024.

Audit Committee Report.The Audit Committee received the written disclosures and the letter(s) from PwC mandated by the applicable requirements of the Public Company Accounting Oversight Board (“PCAOB”) regarding PwC’s communications with the Audit Committee concerning independence. The Audit Committee also received the report of PwC regarding the results of their audit. In connection with the Audit Committee’s review of the financial statements and PwC’s report, the members of the Audit Committee discussed with a representative of PwC, PwC’s independence, as well as the matters required to be discussed by the applicable requirements of the PCAOB and the SEC, including, but not limited to, the following: PwC’s responsibilities in accordance with generally accepted auditing standards; PwC’s responsibilities for information prepared by management that accompanies the Fund’s audited financial statements and any procedures performed and the results; the initial selection of, and whether there were any changes in, significant accounting policies or their application; management’s judgments and accounting estimates; whether there were any significant audit adjustments; whether there were any disagreements with management; whether there was any consultation with other accountants; whether the auditors encountered any difficulties in dealing with management in performing the audit; and PwC’s judgments about the quality of the Fund’s accounting principles.

Based on its review and discussions with
management and PwC, the Audit Committee did not become aware of any material misstatements or omissions
in the Fund’s financial statements. Accordingly, the Audit Committee recommended to the Board that
the audited financial statements be included in the Fund’s Annual Report to Shareholders for the fiscal
year ended December 31, 2024, for filing with the SEC.

AUDIT COMMITTEE

David W. Niemiec (Chairman)

Ann
Torre Bates

Terrence J. Checki

J. Michael Luttig

Constantine
D. Tseretopoulos

◆ADDITIONAL INFORMATION ABOUT THE FUND’S BOARD OF TRUSTEES

Board Role in Risk Oversight.The Board, as a whole, considers risk management issues as part of its general oversight responsibilities throughout the year at regular Board meetings, through regular reports that have been