The Accountancy Insurance Claims Department continues to be busy processing claims from client accounting
firms across Canada. The three most common audit activity areas 1 July 2023 – 30 June 2024 were:
- Processing Reviews of T1’s
- Area Specific Audits of T2’s
- GST/HST/PST/QST Reviews of Businesses (Pre and Post Assessment Reviews)
The below pie chart shows the distribution of Audit Shield claims activity in Canada*.
*Correct as at July 2024.