Company: MT
Filing Date: 2025-03-10
Form Type: 20-F
Source: 0001243429-25-000017
Chunk: 328

Company: ArcelorMittal
Filing Date: 2025-03-10
Form: 20-F
Chunk 328
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 the company; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of

financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in

accordance with authorizations of management and directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection of

unauthorized acquisition, use, or disposition of the company’s assets that could have a material effect on the financial statements.

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of

effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance

with the policies or procedures may deteriorate.

/s/ Ernst & Young

Société anonyme

Cabinet de révision agréé

Luxembourg, Grand Duchy of Luxembourg

March 10, 2025

183

| Management report |

Principal accountant fees and services Ernst & Young S.A. acted as the principal independent registered public accounting firm for ArcelorMittal for the fiscal years ended December 31, 2024 and for the fiscal year ended December 31, 2023. Set forth below is a breakdown of fees for services rendered by the auditor in 2024 and 2023. Audit Fees. Audit fees for the audits of financial statements in 2024 and 2023 were $ 26.0 million and $ 24.2 million, respectively, and for regulatory filings $ 0.1 million and $ 0.1 million i n 2024 and 2023, respectively. Audit-Related Fees. Audit-related fees in 2024 and 2023 were $ 0.7 million and $ 2.5 million, respectively. Audit-related fees include fees for agreed upon procedures for various transactions or reports. Tax Fees. Fees relating to tax planning, advice and compliance in 2024 and 2023 were $ 0.6 million and $ 1.2 million , respectively. All Other Fees. Fees in 2024 and 2023 for all other services were $ 0.1 million and $ 0.1 million , respectively. All other fees relate to services not included in the first three categories. The Audit & Risk Committee has reviewed and approved all of the audit, audit-related, tax and other services provided by the principal independent registered public accounting firm in 2024 and