04 Oct 2019 Regarding Bruce Quigley’s Senior Adviser’s Report ‘Audit insurance and managing conflicts of interest’
Editor’s note: Bruce Quigley’s article can be found in TaxVine 37, 27 September.
MEMBER 264 writes:
Audit insurance is a rip-off. Our clients paid around $35,000 in premiums of which we took around 33% and I would say we have not had a claim. Practitioners should be banned from receiving anything from this insurance and then see how many take it up. Needless to say, I am in disagreement with my partners on this issue.