Company: TFC
Filing Date: 2025-03-17
Form Type: DEF 14A
Source: 0001193125-25-055156
Chunk: 40

Company: TRUIST FINANCIAL CORP
Filing Date: 2025-03-17
Form: DEF 14A
Chunk 40
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 reporting. This category also includes reviews of our quarterly reports on Form 10-Q,statutory audits, or other financial statement audits of subsidiaries, and comfort letters and consents related to SEC registration statements. In addition, fees for 2023 reflect amounts related to the audit of newly prepared historical financial statements for TIH. Audit-Related Fees.This category includes fees billed or expected to be billed for assurance and other services that are reasonably related to the performance of the audits of our consolidated financial statements and effectiveness of internal control over financial reporting that are not reported under the audit fees category above. These services consist of service organization control reports, other audit and attest services, services provided in connection with certain agreed upon procedures and other attestation reports, financial accounting, reporting and compliance matters, and risk and internal control reviews. Tax Fees. This category includes fees billed or expected to be billed for tax-relatedservices, including tax compliance, tax planning, and tax advice. All Other Fees.This category includes fees billed or expected to be billed for non-auditservices and subscription-based services, including software licenses, benchmarking services, training, and other advisory services. The Audit Committee considered the non-auditservices performed by, and fees paid to, PwC in 2024 and determined that such services and fees are compatible with the independence of PwC.

| 2025 Proxy Statement | |     | 35 |

Proposal 2—Ratification of the Appointment of Our Independent Registered Public Accounting Firm Audit Committee Pre-ApprovalPolicy Under the terms of its charter, the Audit Committee must pre-approveall services (including the fees and terms of such services) to be performed for us by our independent registered public accounting firm, subject to de minimisexceptions for permitted non-auditservices that are later approved by the Audit Committee prior to the completion of the audit and otherwise in accordance with the terms of applicable SEC rules. The Audit Committee may form and delegate authority to subcommittees consisting of three or more members when appropriate, including the authority to grant pre-approvalsof audit and permitted non-auditservices, as long as the decisions of such subcommittee(s) to grant pre-approvalsare presented to the full Audit Committee at its next scheduled meeting. In 2024 and 2023, all of the services provided by our independent registered public accounting firm were reviewed and approved by the Audit Committee. Audit Committee Report This report of the Audit Committee is required by the SEC and, in accordance with the SEC’s