Company: NTWK
Filing Date: 2025-05-01
Form Type: DEF 14A
Source: 0001641172-25-007993
Chunk: 43

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-05-01
Form: DEF 14A
Chunk 43
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, retaining, and overseeing NetSol’s independent registered public accounting 
 firm.                                                                                     |

| ● | Reviewing                                                                           
 the annual report of NetSol’s independent registered public accounting firm related 
 to quality control.                                                                 |

| ● | Reviewing                                                                            
 NetSol’s annual and quarterly reports to the SEC, including the financial statements 
 and the “Management’s Discussion and Analysis” portion of those reports,             
 consult with the Company’s CFO, and recommend appropriate action to the Board.       |

| ● | Reviewing             
 NetSol’s audit plans. |

| 30 |

| ● | Reviewing                                                                                
 relationships between the independent registered public accounting firm and NetSol; and, |

| ● | Reviewing                                                             
 trends in accounting policy changes that are relevant to the Company. |

The Audit Committee has reviewed and discussed the consolidated financial statements with management and Fortune CPA is responsible for the preparation, presentation, and integrity of NetSol’s financial statements; accounting and financial reporting principles; establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rule 13a-15(e)). Fortune CPA is responsible for performing an independent audit of the consolidated financial statements and expressing an opinion on the conformity of those financial statements with accounting principles generally accepted in the United States of America, as well as expressing an opinion on (i) management’s assessment of the effectiveness of internal control over financial reporting and (ii) the effectiveness of internal control over financial reporting.

The Audit Committee has discussed with Fortune CPA, the matters required to be discussed by Statement on Auditing Standards No. 61, as amended, “Communication with Audit Committees” and PCAOB Auditing Standard No. 2, “An Audit of Internal Control Over Financial Reporting Performed in Conjunction with an Audit of Financial Statements.”

Audit Committee Financial Expert

The Company has identified Mr. Syed Kausar Kazmi as its Audit Committee financial expert. Mr. Kazmi is an independent board member as the term is defined in the Nasdaq Listing Rules. Mr. Kazmi’s over 40 years of experience in the banking industry including his current tenure as Head of Commercial Banking and Business Development for UK and Europe for Habib Bank AG Zurich as well as his service as a board member on various charities as the board member responsible for fundraising, provides him with an understanding of generally accepted accounting principles and financial reporting. Additionally, this experience provides an ability to assess the general application of accounting principles in connection with the accounting for estimates, accruals, and reserves; experience analyzing financial statements that were comparable