{"url_path":"/sec/bap/10-k/2026/item-16c","section_key":"item-16c","section_title":"Item 16C PRINCIPAL ACCOUNTANT FEES AND SERVICES","topic":"sec","document":{"doc_type":"20-F","doc_date":"2026-04-27","source_url":"https://www.sec.gov/Archives/edgar/data/1001290/0001001290-26-000008-index.html","accession_number":"0001001290-26-000008","cik":"0001001290","ticker":"BAP","issuer_name":"CREDICORP LTD","edgar_url":"https://www.sec.gov/Archives/edgar/data/1001290/0001001290-26-000008-index.html","primary_entity_key":"0001001290","primary_entity_name":"CREDICORP LTD"},"word_count":908,"has_tables":true,"body_markdown":"ITEM 16C.PRINCIPAL ACCOUNTANT FEES AND SERVICES\n\nAudit Committee Pre-Approval Policies and Procedures\n\nThe Audit Committee must approve all the services that the independent external auditor provides as part of its responsibility to supervise the internal auditor’s work. The Audit Committee provides two types of approvals as set forth below:\n\n(1)The Audit Committee grants a “general approval” in advance for services that the independent external auditor may provide. After a general approval is given, further approval from the Audit Committee is required. A general approval is valid for 12 months from the date of approval unless the Audit Committee determines a different period shall apply. The Audit Committee is regularly informed of the services provided through the general approval process.\n\n(2)The Audit Committee also grants “specific approval” on a case-by-case basis for services that do not obtain general approval. All the services that are not granted general approval need specific approval from the Audit Committee before any agreement is signed with the independent external auditor to provide such services. Any service that exceeds approved costs or budgets will need specific approval from the Audit Committee.\n\nThe Audit Committee has set a limit on all tax and other fees, which cannot be greater than 35% of total auditor’s fees during a fiscal year. The Audit Committee may change this limit based upon our corporate needs and the complexity of the service provided by the independent external auditor. When considering granting any type of approval, the Audit Committee considers whether the requested services are consistent with the SEC’s rules regarding the independence of the independent external auditor.\n\nAs necessary, the Audit Committee supervises the execution of services provided by the independent external auditor. It approves, when necessary, any modification to the terms, conditions, fees, and extent of the audit services. The Audit Committee may give general approval for other audit services where the independent external auditor is in the best position to provide those services. As part of this process, the Audit Committee evaluates the nature and scope of proposed services to determine whether general or specific approval is appropriate. Such services typically include audit services required by regulations, financial audits for our subsidiaries or affiliates, and services associated with the presentation of documents to the SEC or other documents published in connection with the trading of our shares.\n\nThe Audit Committee may grant general approval to audit-related services if the committee believes that these services will not negatively affect the integrity of the independent external auditor and are consistent with SEC rules.\n\nThe Audit Committee may grant specific approval for other services provided by the independent external auditor as long as they do not impair the independence of the independent external auditor and are permissible under SEC rules.\n\nThe Audit Committee designated Tanaka, Valdivia, Arribas & Asociados Sociedad Civil de Responsabilidad Limitada, a member firm of Ernst & Young Global Limited, as Credicorp’s external auditors for fiscal years 2023 to 2027.\n\nThe following table sets forth the agreed fees for our independent external auditors, Tanaka, Valdivia, Arribas & Asociados Sociedad Civil de Responsabilidad Limitada for 2024 and 2025 in connection with the audit of our financial\n\n271\n\n[Table of Contents](#ib149d99176634ff8adf88f8fa17ce583_7)\n\nstatements, assurance and related services, tax compliance, tax advisory and tax planning services and other services. All services were pre-approved by the audit committee following its corporate policy.\n\nYear-end December 31,\n\n20242025\n\n(in thousands of Soles)\n\nAudit22,776 21,263 \n\nAudit Related Fees1,404 1,141 \n\nTax2,580 3,059 \n\nAll Other830 957 \n\nTotal27,590 26,420 \n\nAudit Fees\n\nAudit and audit related fees correspond to audit services performed (i) reviewing the consolidated financial statements of Credicorp and its subsidiaries, (ii) establishing the procedures that the independent auditor needs to perform in order to form an opinion about Credicorp’s consolidated financial statements, and (iii) complying with the statutory requirements applicable to Credicorp’s subsidiaries. Audit fees also include the audit work in connection with reviews of interim financial information. During 2025 and 2024, the Audit Committee approved all fees and there were no services approved by the Audit Committee pursuant to paragraph (c)(7)(i)(C) of Rule 2-01 of Regulation S-X.\n\nAudit-Related Fees\n\nAudit-related fees correspond to the total fees billed by Tanaka, Valdivia, Arribas & Asociados Sociedad Civil de Responsabilidad Limitada for services related to the performance of the audit or review of Credicorp’s financial statements and are not reported under “audit fees”. For the years ended December 31, 2024 and 2025, these fees correspond to services related to review of BCP offering memoranda and to issuance of comfort letters for international debt issuances.\n\nTax Fees\n\nTax fees relate to tax services which include all services performed by Credicorp’s independent auditor’s tax personnel, except those services specifically related to the review and preparation of Credicorp’s financial statements, and which principally consist of tax compliance and advisory services approved by the Audit Committee. Tax fees correspond mainly to business tax advisory services, including for the following matters: tax implications of compensation systems, expatriate tax services, effects arising from acquiring new firms or businesses, appropriate determination of tax obligations in compliance with applicable laws, tax matters involving inquiries and examination by taxing authorities and local taxes and miscellaneous domestic taxes including industry- and sector-related taxes.\n\nAll Other Fees\n\nIn 2025 and 2024, other fees were mainly related to fees for immigration services.\n\nAudit fees corresponding to “Taxes” and “All other” paid in 2024 and 2025 were subject to the 35% limit described under “ – Audit Committee Pre-Approval Policies and Procedures” above."}