TIC Solutions, Inc.
For the period ended Dec 31, 2024. Filed Mar 27, 2025.
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FY2024 · Filed Mar 27, 2025
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Item 14. Principal Accounting Fees and Services
Fees Billed to the Company by its Independent Registered Public Accounting Firms
The following table presents fees billed for audit and other services rendered by Grant Thornton UK LLP in 2023 and 2024 and PWC in 2024:
| Services Provided | 2024 (PWC) ($) | 2024 (Grant Thornton) ($) | 2023(Grant Thornton) ($) |
|---|---|---|---|
| Audit Fees(1) | $7,505,000 | $— | $87,000 |
| Audit-Related Fees(2) | — | 282,000 | — |
| Tax Fees(3) | 776,750 | — | — |
| All Other Fees | — | — | 148,000 |
| Total | $8,281,750 | $282,000 | $235,000 |
(1)Audit fees were for professional services associated with the filing of our Registration Statement on Form S-4 in connection with our domestication and registration in the U.S., including the audit of the financial statements included in our Registration Statement on Form S-4 and the audit of the 2024 financial statements. With respect to Grant Thornton, the audit fees were paid for by us prior to the Acuren Acquisition in connection with the audit of our financial statements.
(2) With respect to Grant Thornton, audit-related fees were for professional services provided in connection with acquisition related activities and the transition to PWC as our independent registered public accounting firm.
(3) Tax fees were for professional services rendered for tax compliance.
Pre-Approval Policies and Procedures for Audit and Permitted Non-Audit Services
The Audit Committee requires that it preapprove all auditing services and permitted non-audit services to be performed by its independent auditor, subject to the de minimis exceptions for non-audit services described in Section 10A(i)(1)(B) of the Exchange Act, which are approved by the Audit Committee prior to the completion of the audit. Either the Chair of the Audit Committee acting alone or the other two members acting jointly may grant preapprovals of audit and permitted non-audit services, provided that decisions of such subcommittee to grant preapprovals will be presented to the full Audit Committee or the Board at its next scheduled meeting.
Consistent with these policies and procedures, the Audit Committee has approved all of the services rendered by each of PWC and Grant Thornton during fiscal year 2024, as described above.
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