Audit Shield – Do You Need Cover?

The ATO and other government agencies have an ongoing and increasing focus on audit activity which means now more than ever you are at risk of being selected for an audit, enquiry, investigation or review.

At Transcend Accounting we are pleased to offer all our clients the ability to be insured against an audit via our new Audit Shield service. Audit Shield has been a trusted provider of tax audit insurance services for accountants and their clients for some time and we are excited by the opportunity of working with them.

The Audit Shield service provides for the payment of professional fees incurred as a result of you being selected for an audit, enquiry, investigation or review. If you are not protected by Audit Shield the cost of being appropriately represented in these matters can be quite significant. Our Audit Shield service provides a fixed, cost effective solution to guard against these unexpected costs.

In the coming weeks you, our clients, will receive a letter inviting you to join our Audit Shield service along with further information about the cover and services provided. Please note, Audit Shield is optional so there is no compulsion to participate. Should you wish to discuss this service further please contact our office on (07) 3446 5906.