Drive audit quality and efficiency in every engagement
Navigate the shifting regulatory landscape with our end-to-end assurance ecosystem, designed to mitigate risk and deliver deeper insights to your clients
Challenges facing audit professionals today
In an era of heightened scrutiny and complex standards, firms must balance rigorous compliance with the need for profitable execution.
Static risk assessment
"Same as last year" checklists create blind spots and inefficient fieldwork. We provide dynamic, risk-based methodologies that automatically make initial changes to audit programs to tailor specific client risks, ensuring SAS 145 compliance. Then, further tailoring may be made based on your professional judgment.
Fragmented evidence collection
Managing prepared-by-client (PBC) lists through email creates version-control nightmares. Our solutions centralize document collection on cloud platforms, with real-time visibility into what's received and outstanding.
The review bottleneck
Traditional audit models push review to the end, creating high-stress crunch time. Enable continuous review with our solutions that enable real-time collaboration and time for managers to address issues as they arise.
See how a leading firm accelerated their audit efficiency with Thomson Reuters
Streamlining every step of the audit workflow
Sensiba LLP cut audit research time down to minutes using AI-powered answers and automated document analysis templates with CoCounsel Audit.
“Instead of spending 30 to 45 minutes researching a complex accounting issue, a solid response can be found within minutes with the relevant guidance displayed directly alongside the response.”
Carson Chen
Senior Audit Manager, Sensiba LLP
Your end-to-end assurance ecosystem
Cover every phase of the engagement, from client acceptance through the final opinion, with connected solutions that ensure compliance and quality.
Rigorous client acceptance is the first line of defense against risk. Our solutions help you evaluate independence, assess engagement risk, and formalize terms before work begins.
Engagement Manager
Improve efficiency with our engagement manager. This comprehensive tool offers full trial balance capabilities, work-paper management, financial statement reporting functionality, an engagement status dashboard, and more.
Effective planning requires linking risks to procedures. We help you build dynamic audit programs that respond to your specific risk assessment while ensuring compliance with SAS 145.
Guided Assurance
Experience the gold standard in methodology for audits, reviews, compilations, and preparations. Ensure you comply with standards and prevent over or under-auditing with in-application guidance and AI to identify risks.
Making the move from manual procedures to intelligent automation is easy. We support the full spectrum of audit execution, from sending and tracking confirmations globally and analyzing transactions with AI to automating the testing and validation of evidence.
Confirmation
Easily and securely send over 100 confirmation types online to anyone, anywhere in the world, from one platform. Only Thomson Reuters provides the largest global network of validated responders and guarantees a response.
Audit Intelligence Analyze
Automate transaction analysis and enhance audit efficiency by reducing the sample size and focusing audit procedures on high-risk areas. Our AI technology improves quality by pulling out unusual transactions, providing required documentation, and catching items normally missed by humans.
Audit Intelligence Test
Reduce manual effort, minimize errors, and improve audit quality within your familiar workspace. This technology automates the matching and documentation of sample transactions to supporting evidence and quickly validates whether the correct amounts were recorded.
The final deliverable is more than just an opinion letter. Draft financial statements, verify disclosures, and archive workpapers confidently with our solutions.
CoCounsel Audit
Automate audit tasks like document analysis, review, and drafting. This advanced AI tool enhances productivity, accuracy, and confidence by streamlining workflows, centralizing document management, and ensuring compliance so your team can focus on strategic insights and client relationships.
Have questions? Request a consultation.
Explore our expert insights
How West & Company CPAs improved audit efficiency and confidence
Learn how West & Company CPAs improved audit efficiency with Guided Assurance, completing audits faster with real-time collaboration and greater confidence.
A strategic imperative for audit firms: Transforming workflows with data analytics
Discover how leading audit firms are leveraging data analytics to move beyond compliance and become strategic business advisors.
The top 4 myths about cloud auditing
Overcome the misconceptions holding your firm back from cloud adoption. This comprehensive guide debunks the top myths about cloud auditing — from security concerns to technical complexity.
Frequently asked questions
Yes. Our methodology content is updated regularly by our in-house editorial team to reflect the latest AICPA (SAS), PCAOB, and international standards (ISA), ensuring your firm remains compliant.
Yes. Our ecosystem is designed for interoperability. Tools like Audit Intelligence Analyze ingest data from common accounting platforms and trial balance software to streamline your workflow.
By enforcing a standardized, risk-based methodology, our tools create a consistent audit trail. This documentation quality is a key factor in achieving clean peer review results.
Absolutely. Confirmation is the industry standard for secure asset verification, used by thousands of banks and firms worldwide to prevent fraud and protect sensitive financial data.
Questions about our products and services? We’re here to support you.
Contact our team to learn more about our tax, audit, and accounting solutions.
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