Over the years the team at Accountancy Insurance have been privy to an array of situations that our Audit Shield clients have found themselves in - at no fault of their own. Here are just a few real life case studies from what our clients have experienced with audit activity and how Audit Shield assisted them.
Case Study 1
A company based in Tauranga was investigated by Inland Revenue and asked for copies of their Financial Statement, Tax Returns and Tax Reconciliation.
End result: All of the $11,282.42 of costs were covered by Audit Shield.
Case Study 2
A business in Auckland was selected for a review of compliance risks which were identified within their industry and expenses claimed.
End result: The total of $7,962.60 was covered by Audit Shield.
Case Study 3
An investor was selected for a review of their lodged Income Tax in Auckland.
End result: The complete amount of $2,511.60 was covered by Audit Shield.
Case Study 4
A GST return review for a business in Wellington equated to $11,500.
End result: Every cent of the $11,500 was covered by Audit Shield.