Insurance will not cover every event or loss. Limits apply to cover. Audit Shield is underwritten by certain underwriters at Lloyd’s. Cover provided by an insurance policy is subject to the terms, conditions and exclusions described in the relevant policy. Contact us for a copy.
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DISCOVER AUDIT SHIELD
We truly take the risk and the hassle out of government initiated reviews/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 Canada, Australia, and New Zealand to provide an end-to-end solution that best suits the needs of accounting firms and their clients.
Hugh Neilson FCPA FCA TEP
Director - Taxation Services, Kingston Ross Pasnak, Edmonton AB
My personal experience with Audit Shield is that they look for every possible way they can argue that CRA activity falls within the items that are covered. They run a very ethical, client-centric business. In addition to avoiding "surprise audit costs", the practitioner never has to think "is this worth fighting economically?" I have lost count of how many times I have been able to tell a client “There’s no fee for that - you paid for Audit Shield". That takes a lot of the sting out of a CRA review! If the client does not want coverage, the decision is theirs.
Principal, Integra Solutions Group CPA, Calgary AB
Audit Shield has enabled us to facilitate discussions with our clients regarding the way governments have stepped up their questions and the issues that are now being explored by them and, consequently, the time that we have devoted to dealing with those issues and questions.
Partner, Bevan & Partners, Brooks AB
We have seen an increase in Canada Revenue Agency audit activity in recent years, so we believed it would be beneficial to offer Audit Shield to manage those costs to our clients.
Partner, Good Redden Klosler LLP, Simcoe & Tillsonburg ON
Audit Shield gives our clients freedom from uncertainty. Clients come to accountants to get things done properly, but with the Canada Revenue Agency in the mix, things can go off the rails. Audit Shield gives clients a level of assurance that everything is going be ok.
Hugh Neilson FCPA, FCA, TEP
I know that I've been very happy with the results of making Audit Shield available to clients at our firm. Even clients who decline still appreciate being afforded the choice, and I have had quite a few note that this is a no-brainer for them, based on costs incurred in the past from CRA reviews.
Principal, Michael H. Keltz Chartered Accountant, East York ON
It was no hassle to implement Audit Shield and the Accountancy Insurance team were pretty spot on with the expectation of client take up.
Don Scott, FCPA, FCA
Tax Partner, Welch LLP, Ottawa, ON
I have been very happy with the results in being able to offer up Audit Shield to Welch LLP clients. Great service from Sharon and the crew at Accountancy Insurance.
Carol Vukets, Partner
Van Wensem & Vukets CPAs, Surrey & Saanichton, BC
We’ve been offering Audit Shield to our clients for over 4 years now with great success. Feedback is overly positive from clients who appreciate having the choice of how to manage unforeseen tax audits and reviews. It has also given clients who chose not to participate a better understanding of the additional work, and cost, required for these reviews. We are extremely pleased with the Audit Shield offering and service, making Audit Shield an important service to offer our clients. The renewal and claims process has become very streamlined.
Banks Boost Bad Loan Provisions
Four of the top five Canadian banks have reported lower-than-expected earnings for the second quarter. These results have been driven by higher provisions for bad loans and increased inflation that had driven up costs. Some banks have also been impacted by slow loan growth, particularly in mortgage facilities. National Bank of Canada is amongst the […]
Bank of Canada Worried by Mounting Household Debt
With mortgage rates expected to be renewed at higher levels in the coming years, the Bank of Canada is worried that many households that are overly burdened by debt may not be able to absorb the financial shock. The issue of growing household debt loads was a recurring theme in the recent Annual Financial System […]
Inflation Slows To 5.2 percent
Statistics Canada has reported that the country’s inflation rate cooled to 5.2% in February. This is the largest single-month deceleration since April 2020. It fell from 5.9% recorded in January and is at its lowest level in 13 months. It is also lower than many analysts’ prediction of a 5.4% rate. The fall in inflation […]
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