The Accountancy Insurance Claims Department continues to be busy processing Audit Shield claims from client accounting firms across Australia. The three most common audit activity areas 1 July 2024 to 31 December 2024 were:
- Payroll Tax (All States) – 15.28%
- Income Tax (Full/General/Combined) – 12.04%
- BAS (Pre & Post Assessment) – 11.08%
The below pie chart shows the distribution of Audit Shield claims activity in Australia*.
*Correct as at 1 Jan 2025.