The ATO is encouraging SMSF firms to start restructuring their audit engagements now rather than hoping clients meet the “routine and mechanical” exception, given the risk the exemption may not even exist in future years.
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SERVICES WE PROVIDE
We truly take the risk and the hassle out of government initiated tax audits – freeing you to offer better service to your clients and to grow your business.
At Accountancy Insurance our vision is to be the pre-eminent provider of tax audit insurance to accounting firms across Commonwealth countries.
We partner with thousands of accounting firms throughout Australia, New Zealand and Canada to provide an end-to-end solution that best suits the needs of accounting firms and their clients.
Director, A Squared Advisers, Toronto NSW
Clients like to know they won’t have surprise accountancy bills if they get an unexpected audit, especially those clients who know they are doing the right thing.
Partner, Grant Thornton, Sydney NSW
Clients do not fully appreciate the time it can take to deal with investigations, audits, enquiries or reviews. Audit Shield has a sufficiently wide scope, so clients are thankful that this type of protection is available.
Darryn Smith and Duncan McCrone
Directors, MGS Accounting, Temora NSW
Audit Shield has exceeded our expectations and everything Accountancy Insurance promised.
Partner, Pitcher Partners, Newcastle NSW
We tried self-insuring just ‘the good clients’ for many years, however, since we have had Audit Shield we can cover significantly more clients, administration is simpler and we have acknowledged that Audit Shield provides much better value.
Director, William Buck, Sydney NSW
We have been happy all round with the AI Audit Shield service, we especially like that we approve the entire process from start to finish and clients pay to take part in the cover, so there is no charge to the firm.
Brendan Watson, Jeffrey Rake and Melissa McCrystal
Partners, Accru Rawsons, Brisbane QLD
The extensive cover of Audit Shield is a valuable offering to our clients. Accountancy Insurance has always been easy to deal with, with the process only requiring a small amount of partner time each year.
Partner, Kennas Chartered Accountants, Rockhampton QLD
Audit Shield is a service we can offer our clients with confidence, knowing the policy cover is comprehensive and broad. We were pleasantly surprised at how many of our clients took up the offer.
Partner, Vision Accountants, Toowoomba QLD
Audit Shield is a truly unique product which provides us with peace of mind in relation to unplanned professional fees incurred as result of audit, review or investigation.
Partner, Le Cornu Lewis Hancock, Adelaide SA
We have been very pleased with the experiences we have had since offering Audit Shield to our clients. Accountancy Insurance’s online portal is easy to navigate, and the support from our Account Manager is prompt and thorough.
Owner, Outcome Accounting, North Adelaide SA
The Audit Shield policy is broad and easy to understand, and this enables me to discuss the service with clients with confidence. I have seen an increasing number of clients taking up the offer each year, as they can see the benefit and the increase in ATO audit activity.
Owner, AR Advisors, West Perth WA
We happily offer Audit Shield to all of our clients because being subject to an audit can be both time consuming and extremely costly.
Director, Byford Accountants, Byford WA
Audit Shield has provided us peace of mind, and for our clients it has meant that they now have a choice to protect themselves. The team at Accountancy Insurance are always friendly and easy to get in contact with. We are grateful that they are always there to help.
Director, Moore Stephens, Osborne Park WA
Audit Shield has given us the ability to get the best outcomes for our clients – because we are now effectively funded to produce detailed and thorough responses to any ATO queries and reviews.
Director, Quarles Pty Ltd, Inglewood WA
In addition to the great peace-of-mind for both our clients and ourselves, we found Audit Shield to be a very important business tool for SMEs.
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Audit Shield is underwritten by AAI Limited (ABN 48 005 297 807) trading as Vero Insurance (AFS Licence 230859). Accountancy Insurance Underwriting Pty Ltd (AFS Licence 340731) issues the product under a binder and AI provides financial product advice about and distributes the product. AIU and AI are related companies. AI is remunerated [by commission] from [AIU] when you enter into an Audit Shield [or Accountants PI] insurance contract that we arrange. Insurance will not cover every event or loss. Limits apply to cover. Cover provided by an insurance policy is subject to the terms, conditions and exclusions described in the relevant policy. Contact us for a copy.
Accountancy Insurance Level 9, 60 Albert Road, South Melbourne, VIC 3205 Australia (03) 9257 3000.