It is that time of year that we offer audit insurance to our clients. This cover is provided by Accountancy Insurance and covers various government audits including tax and workers compensation etc.
In our experience, responding to audits can be very time consuming and therefore costly, not to mention stressful as they invariably occur at the most inconvenient times (Murphys law?) Often it is just a case of collating information to present, but it can also mean engaging a lawyer to assist etc.
The pie chart below shows the breakdown of the recent audit activity over the last financial year ended 30 June 2025 (FY25).
You may currently hold or choose to take out an audit insurance policy through your business broker, and we honestly do not mind which you choose, we just recommend that you ensure you are covered.
As always, if you have any queries reach out to your client service team via email or the administration team on [email protected] Alternatively send us an SMS on our office mobile 0412 921 813 and we shall set up a time to discuss further.
