Company: PAYX
Filing Date: 2025-08-29
Form Type: DEF 14A
Source: 0001193125-25-191789
Chunk: 75

Company: PAYCHEX INC
Filing Date: 2025-08-29
Form: DEF 14A
Chunk 75
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 in the Company’s Quarterly Reports on Form 10-Q,audits of the effectiveness of internal control over financial reporting, and for statutory and regulatory filings. Audit-related fees This category includes fees for services in fiscal 2025 and fiscal 2024 that are reasonably related to the performance of the audit or review of the Company’s consolidated financial statements and are not reported under “Audit Fees.” These services include consultations concerning financial accounting and reporting standards, service organization control reports, accounting relating to acquisitions, including the Paycor acquisition, and agreed-upon procedures required by regulation. Tax-relatedfees This category includes fees for fiscal 2025 and 2024 services related to tax compliance and planning. Other fees This category includes fees for audit related software licenses for fiscal 2025 and fiscal 2024. Audit Committee Policy on Pre-Approvalof Services of Independent Accountants The Audit Committee’s policy is to pre-approveall audit and permissible non-auditservices provided by the independent accountants. The Audit Committee pre-approvedall such audit and audit-related services provided by the independent accountants during fiscal 2025 and fiscal 2024. Paychex, Inc. 2025 Proxy Statement •66

| Independent Accountants |

Report of the Audit Committee The Audit Committee of the Board of Directors oversees the Company’s financial reporting process on behalf of the Board and is composed entirely of independent directors. The Audit Committee is governed by a written charter and its primary responsibilities are highlighted in the Corporate Governance section of this Proxy Statement. Paychex management is responsible for the preparation of the consolidated financial statements, the financial reporting process, and for the Company’s internal controls over financial reporting. PwC, the Company’s independent accountants, is responsible for performing independent audits of the Company’s consolidated financial statements in accordance with the standards of the Public Company Accounting Oversight Board. The independent accountants are also responsible for expressing an opinion on the effectiveness of the Company’s internal controls over financial reporting. The Audit Committee monitors and oversees these processes. Also, the Audit Committee discussed with PwC the matters required to be discussed by Auditing Standard 1301 as adopted by the Public Company Accounting Oversight Board relating to communications with audit committees. As part of the oversight processes, the Audit Committee regularly meets with management, the Company’s internal auditors, and the independent accountants. The Audit Committee meets with the internal auditors and independent accountants, with and without management present, to discuss the overall scope and plans for various audits, results of their examinations, their evaluations