Audit software for accountants
Elevate your firm’s audit speed and confidence with an end-to-end workflow built on risk-based methodology, powerful engagement management, and AI-driven automation
Why you should choose Thomson Reuters auditing software
Thomson Reuters audit software is backed by trusted PPC audit methodology — combined with innovative AI technology to maximize workflow efficiency.
Leading methodology
Rely on the most trusted methodology, backed by editors that ensure the materials are accurate to help you pass peer review.
Fiduciary-Grade AI™
Automate your audit using AI that aligns with your required standards so you can move faster without questioning the integrity.
Standards-based
Leverage analytics based on standards and paired with PPC methodology for greater efficiency without sacrificing quality.
Automated procedures
Accelerate key areas of your audit with native capabilities and partner integrations, so your team can focus on the work that matters most.
Open ecosystem
Utilize our end-to-end solution or seamlessly integrate individual point solutions into your existing tech stack for maximum flexibility.
Data security
Thomson Reuters maintains its reputation for providing reliable information supported by comprehensive security practices.
AI-powered audit workflow software
Speed up transaction analysis to focus on high-risk areas and automate complex audit workflows at scale with Fiduciary-Grade AI audit technology.
CoCounsel Audit
Automate audit tasks like document analysis, review, and drafting. This advanced AI tool enhances productivity, accuracy, and confidence, streamlining workflows, centralizing document management, and ensuring compliance so your team can focus on strategic insights and client relationships.
Audit Intelligence Analyze
Automate transaction analysis and use AI technologies to identify transactions, automate sample selection, and help auditors focus on high-risk areas. This solution enhances audit workflows, providing greater confidence in results and better client service.
Audit engagement software
Keep your team on track with software that connects the trial balance, leadsheets, financial statements, journal entries, review notes, and sign-offs.
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.
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.
Audit confirmation and document management
Bring external audit confirmations and audit documents together so requests, responses, and supporting files are tracked, stored, and easy to retrieve for review.
Confirmation
Easily and securely send over 100 confirmation types online to anyone, anywhere in the world, from one platform. Only Thomson Reuters provides a global network of validated responders that guarantees a response.
GoFileRoom
Create a truly paperless workflow with our premier document management and storage. This cloud-based system standardizes and organizes volumes of documents and integrates with other solutions for a seamless process.
Audit training & methodology enablement
Train smarter and scale confidently with flexible training to ensure your team has the essential skills and firm-specific consulting to optimize your audit process for increased productivity.
AuditWatch
Leverage experts for training and consultation through this audit training and consulting solution for accounting professionals. Implement resources to customize trainings and learn everything audit-related – from standards to methodology and processes.
When we switched to Guided Assurance and Engagement Manager, we grew our audit staff by 50%. The ability to work together as a unified team despite being in different places is important. We can work together on the same files and even in the same workpapers. Within seconds, we could look and help someone having an issue.
Emily Reischman
CPA at Wear, Howell, Strickland, Quinn & Law, LLC
How Thomson Reuters paves the way for the future of audit software
Our investment in audit innovation builds upon our trusted foundation of PPC methodology to help bring AI-powered automation to every stage of the audit workflow.
1983
PPC Audit Guides
Gold standard of audit methodology
2006
SMART Practice Aids
Desktop audit methodology
2012
Engagement Manager
Cloud-based trial balance and workpaper management
2016
Guided Assurance
Cloud-based audit methodology
2024
Audit Intelligence Analyze
AI-powered transaction analysis
2025
CoCounsel Audit
AI workflow assistant
Frequently asked questions
When choosing auditing software for accountants, start by matching the software to the kind of work you do most: audits vs. reviews/compilations/preparations; industry mix; entity types; single audits, then validate that it supports your firm's day-to-day workflow end to end.
Use this checklist to compare audit software options:
- Engagement workflow coverage: Does it handle planning, trial balance, workpapers, financial statement reporting, review notes, and sign-offs in one place?
- Methodology and standards support: If you rely on PPC-style guidance, confirm the product supports a guided, standards-based approach and keeps the content current.
- External confirmation workflow: For external audit software, ask how confirmations are sent, tracked, and evidenced, and whether confirmations live inside the engagement workflow or require separate steps.
- Audit analytics depth: If you want audit analytics software, confirm whether the tool can analyze full populations (not only samples), flag unusual items, and produce supporting documentation your reviewers can re-perform.
- AI use cases: Prioritize specific tasks such as document Q&A, trial balance review support, risk assessment drafting, and sample-to-evidence matching and ask to see those workflows during a live demo.
- Firm fit: For audit software for CPA firms, focus on multi-user controls, review trails, consistency across teams, and how new staff learn the firm's approach inside the tool.
- If you need core engagement + trial balance + workpapers:
Engagement Manager is a cloud-based engagement management tool with trial balance capabilities, workpaper management, and reporting functions. - If your priority is a guided PPC-based method:
Guided Assurance provides in-application guidance and PPC methodology content, and it can be used alongside an engagement manager. - If confirmations are a major pain point:
Confirmation enables online confirmations with a validated responder network. - If your audits are analytics-heavy:
Audit Intelligence Analyze detects anomalies and analyzes transactions within the workflow, with time-savings and risk-focused sampling. - If you’re searching for AI-powered audit software:
CoCounsel Audit helps accountants work faster on common audit tasks like reviewing documents, summarizing key details, and drafting engagement materials with agentic AI capabilities. - If you need an audit document management system:
Use GoFileRoom to store, search, and secure audit files with retention policies in cloud document storage.
Thomson Reuters offers multiple audit products that use AI, including:
- CoCounsel Audit — Supports tasks like document Q&A, document summarization, planning/risk support, and workpaper-related workflows, complete with citations to sources in its answers.
- Audit Intelligence Analyze — Uses machine learning and AI to review full transaction populations, flag unusual transactions, and reduce sample sizes so auditors can focus testing on higher‑risk segments.
Thomson Reuters secures all data in transit via TLS 1.2, and Symmetric encryption (AES-256) is used to protect data at rest. All interactions with third-party GenAI LLM’s use zero retention API calls.
Yes. Engagement Manager includes a user-friendly status dashboard that gives a high-level view of an engagement — including signoff information, open notes, and workpaper status. And with real-time access and collaboration through cloud technology, managers can assign workpapers to staff for follow up and track signoffs with ease.
It will vary based on which product you’re interested in adopting for your team. Many products, like CoCounsel Audit and Audit Intelligence Analyze, offer a free demonstration where product representatives will walk you through the software to see all its capabilities and what to expect in terms of benefits.
Engagement Manager, Guided Assurance, and Confirmation offer interactive, self-guided tours so customers can see the tools at their own pace. To get specific details on pricing or demonstrations, please contact us on our website.