Audit Shield Claims Activity

The Accountancy Insurance Claims Department continues to be busy processing Audit Shield claims from client accounting firms across Australia. The five most common audit activity areas 1 July 2023 to 30 June 2024 were:

  1. Payroll Tax (All States) – 14.64%
  2. Income Tax (WRE) – 12.40%
  3. Employer Obligations (PAYG/SG/FBT) – 10.21%
  4. Income Tax (Other Specific) – 9.78%
  5. Income Tax (Full/General/Combined) – 9.25%

The below pie chart shows the distribution of Audit Shield claims activity in Australia*.

*Correct as at June 2024.

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