The Accountancy Insurance Claims Department continues to be busy processing claims from client accounting
firms across Canada. The three most common audit activity areas 1 January 2023 – 31 December 2023 were:

  • Processing Reviews of T1’s
  • Area Specific Audits of T2’s
  • GST/HST/PST/QST Reviews of Businesses (Pre and Post Assessment Reviews)

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

*Correct as at February 2024.