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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.

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