Filtered by Tag: Audit Shield
In the 2013 budget, the Government provided a permanent $6.5 million increase in funding to the IRD to allow them to increase audit activity around compliance. They are anticipating a return of $6.60 for every dollar invested – not a bad result for IRD Corp.
Here is another level of protection against the cost of an audit by any Government Department. This insurance product will help cover any professional fee incurred during the audit process. This type of insurance product has been available overseas for many years and is now available to NZ.