Company: FWDI
Filing Date: 2025-06-10
Form Type: PRE 14A
Source: 0001683168-25-004370
Chunk: 34

Company: Forward Industries, Inc.
Filing Date: 2025-06-10
Form: PRE 14A
Chunk 34
---
 the SEC and is not to be incorporated by reference
in any filings that Forward files with the SEC.

It is not the duty of the Audit
Committee to determine that Forward’s financial statements and disclosures are complete and accurate and in accordance with generally
accepted accounting principles or to plan or conduct audits. Those are the responsibilities of management and Forward’s independent
registered public accounting firm. In giving its recommendation to the Board, the Audit Committee has relied on: (1) management’s
representations that such financial statements have been prepared with integrity and objectivity and in conformity with US GAAP; and (2)
the report of Forward’s independent registered public accounting firm with respect to such financial statements.

Audit Committee’s Pre-Approval Policy

The Audit Committee pre-approves
all audit and permissible non-audit services on a case-by-case basis. In its review of non-audit services, the Audit Committee considers
whether the engagement could compromise the independence of our independent registered public accounting firm, and whether the reasons
of efficiency or convenience is in our best interest to engage our independent registered public accounting firm to perform the services.

| 23 |

Fees incurred by Forward for the Services Provided by CR

The following table sets forth
the aggregate fees for audit and other services provided by CR for the fiscal years ended September 30, 2024 and 2023:

|                    |     | 2024 
 ($)  |         |     | 2023 ($) |         |
| Audit Fees (1)     |     |      | 308,175 |     |          | 259,350 |
| Audit Related Fees |     |      |       – |     |          |       – |
| Tax Fees (2)       |     |      |  60,790 |     |          |  21,203 |
| All Other Fees     |     |      |       – |     |          |       – |
| Total              |     |      | 368,965 |     |          | 280,553 |

———————

| (1) | Audit fees – these fees relate to the annual audits and quarterly reviews of our financial statements as well as services that are normally provided by the independent registered public accounting firm in connection with statutory and regulatory filings or engagements. |
| (2) | Tax fees – preparation of federal, state and local income tax filings for the Company and its subsidiaries.                                                                                                                                                                   |

| 24 |

<div align='center'>PROPOSAL 3. REINC