Why is Audit Shield different from other tax audit insurance offerings?
Tax audit insurance, or tax investigation insurance as it is also known as, is more than just another insurance policy. In can be complex to understand, complex to implement and complex to administer. Only Accountancy Insurance has made the significant investment in people, processes and systems to make sure that Audit Shield delivers for you and your clients.
Will it cost me anything to implement Audit Shield in my firm?
No. Each of our Audit Shield client firms enjoys the services of a dedicated Account Manager. They will assist you with the setup and implementation of the Audit Shield Fee Waiver Service, including the creation of a comprehensive client mail out to facilitate the offer to your clients. Access to our Audit Shield software platform is also provided to ensure ongoing administration is simple and effective.
How do I make a claim?
It’s easy! Simply lodge the claim using the Audit Shield ASOP software platform. Once the audit has been finalised, provide us with the audit correspondence from the relevant authority, your invoice and a copy of your WIP, and, subject to claim approval, we’ll have payment to you within 7-14 days.
Will I be able to claim all my professional time?
Yes. The professional fees you would normally charge your client to coordinate the audit response are covered (up to a pre-subscribed limit, and subject to the terms and conditions of the policy).
So what isn't covered?
Fees not directly related to the audit response, or those exceeding the pre-subscribed limit, are not covered. See the Policy Cover page for further detail or contact us for full policy details.
To learn more about how Accountancy Insurance can help you to implement Audit Shield in your firm, contact us. We will be in touch promptly to discuss your needs and tailor a solution for you.