The Australian Taxation Office (ATO) and other government agencies have been increasing their audit activity year after year. This means that individuals and businesses are increasingly at risk of being selected for an audit.

Anybody who has gone through an audit will tell you how time consuming and costly it is – from preparation time to responding to audit findings and making corrections. Thankfully, tax audit insurance is a cost effect way to manage your risk of being selected for an audit, protecting you from the financial impact.