Diane Gill • March 21, 2024

Audit Shield Insurance     

Audit Shield provides an insurance solution, underwritten by Lloyd’s that covers the professional fees if you need to respond to an official review activity of returns lodged with IR or other New Zealand government revenue authorities. This includes GST reviews, risk reviews, and more. The scope is wide and includes phone calls. 

 

What is the cost to you (the client)? 

The cost to you (the client) is based on the partner charge-out rate and the client’s turnover of their family group. As an example, a business with a turnover of less than $500,000 annually would pay $272 annually, including GST which would provide you with $12k of fee cover. 

 

Audit Shield Insurance could give you peace of mind (especially for larger clients) that you have coverage in place in the event of a review or audit. 

 

If you’ve got questions or are interested in adding Audit Shield Insurance to your portfolio, feel free to get in touch. 


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Meet Ann. She is a Senior Accountant at Ōmokoroa Accounting.

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