Company: TFC
Filing Date: 2025-03-17
Form Type: DEF 14A
Source: 0001193125-25-055156
Chunk: 39

Company: TRUIST FINANCIAL CORP
Filing Date: 2025-03-17
Form: DEF 14A
Chunk 39
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 Appointment of our Independent Registered Public Accounting Firm RESPONSIBILITIES The Audit Committee is directly responsible for the appointment, compensation, retention, and oversight of our independent registered public accounting firm. To execute on this responsibility, the Audit Committee engages in a comprehensive annual evaluation of the independent registered public accounting firm’s qualifications, performance, and independence. The Audit Committee has carefully considered the selection of PricewaterhouseCoopers LLP (“PwC”) as the independent registered public accounting firm to audit and report on the consolidated financial statements of Truist and the effectiveness of our internal control over financial reporting. SHAREHOLDER RATIFICATION Our shareholders are being asked to ratify the appointment of PwC for 2025 because we value our shareholders’ views on our independent registered public accounting firm and as a matter of good corporate governance. Representatives of PwC are expected to be present at the Annual Meeting, will have an opportunity to make a statement if they so desire, and are expected to be available to respond to questions posed by shareholders. Whether or not shareholders ratify the appointment of PwC as our independent registered public accounting firm for 2025, the Audit Committee may continue to retain the firm or may reconsider its appointment. Fees to Independent Registered Public Accounting Firm The following table shows the aggregate fees incurred by the Company for professional services by PwC for fiscal years 2024 and 2023:

|                    |     | 2024 ($) |            |     | 2023 ($) |            |    |
| Audit Fees         |     |          | 25,077,000 |     |          | 30,807,000 | -1 |
| Audit-Related Fees |     |          |  3,627,000 |     |          |  4,507,000 |    |
| Tax Fees           |     |          |    229,000 |     |          |    223,000 |    |
| All Other Fees     |     |          |    185,000 |     |          |    299,000 |    |
| Total              |     |          | 29,118,000 |     |          | 35,836,000 |    |

| (1) |     | Includes $8,500,000 for professional services relating to PwC’s audit of TIH. |

Audit Fees.This category includes fees billed or expected to be billed for professional services for the integrated audits of our consolidated financial statements, including the audit of the effectiveness of internal control over financial