As a business owner, you want to secure the future prosperity of your company and protect it from any financial misfortune. With this in mind, have you considered what would happen if you were subject to an audit by the Inland Revenue Department (IRD)? As trusted a business advisor and Chartered Accountant in Auckland, we offer clients the option to purchase Audit Shield Accountancy Insurance. Fundamentally, Audit Shield covers you for professional fees that are incurred as a result of us responding to post lodgment queries from the IRD and other government authorities in New Zealand. 'Audit' is broadly defined under the policy to include any official enquiry, review, investigation or audit (including phone enquiries) instigated by the government authorities in relation to lodged returns. We fully understand that many people do not appreciate the value of accountancy insurance, seeing it as costly and unnecessary. However, we have had a number of clients who have been audited by the IRD recently and have claimed on their insurance. The IRD is currently quite active so anyone could be audited at any time. It can happen to you! Read the rest of the article here http://www.pmartinca.com/blog/protect-your-business-with-accountancy-insurance