Company: KD
Filing Date: 2025-06-16
Form Type: DEF 14A
Source: 0001140361-25-022676
Chunk: 77

Company: Kyndryl Holdings, Inc.
Filing Date: 2025-06-16
Form: DEF 14A
Chunk 77
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 and quality of PwC’s communications with the Audit Committee; |

| • | Public Company Accounting Oversight Board reports (“PCAOB”) and other external data on audit quality and performance; |

| • | Appropriateness of PwC’s fees for audit and non-audit services; and |

| • | PwC’s reputation for integrity and competence in the fields of accounting and auditing. |

AUDITOR INDEPENDENCE CONTROLS The Audit Committee and Kyndryl management have robust policies and procedures in place to monitor and verify PwC’s independence from Kyndryl on a continual basis. These policies and procedures include:

| • | Private meetings between the Audit Committee and PwC throughout the year; |

| • | Pre-approval by the Audit Committee of audit and non-audit services; |

| • | Lead engagement partner rotation at least every 5 years; |

| • | Concurring audit partner rotation at least every 5 years; |

| • | Auxiliary engagement partner rotation at least every 7 years; |

| KYNDRYL2025 PROXY STATEMENT|77 |

TABLE OF CONTENTS

| • | Hiring restrictions for PwC employees and tracking of PwC alumni at Kyndryl for continued auditor independence assessment purposes; and |

| • | Internal quality reviews by, or of, PwC, including the performance of procedures to monitor and assess PwC’s independence from its audit clients, as well as the results of PCAOB inspections. |

ACCOUNTABILITY TO STOCKHOLDERS PwC’s representative will be present at the 2025 Annual Meeting and will have an opportunity to make a statement if they desire to do so and be available to respond to appropriate questions. Audit and Non-Audit Fees PwC began serving as our independent registered public accounting firm in 2020. In connection with the audit of the fiscal 2025 financial statements, we entered into an agreement with PwC which set forth the terms by which PwC would perform audit services for the Company. The following table presents fees for professional audit and other services rendered by PwC for the fiscal year ended March 31, 2025, and the fiscal year ended March 31, 2024. All PwC services for fiscal 2024 and fiscal 2025 were approved in advance by our Audit Committee.

| (Dollars in Millions) |     | Fiscal 2025 |     | Fiscal 2024 |
| Audit Fees(1