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Are you using the right tools for your audit work?
A.
Junior staff uncertainty about what's expected at each step
B.
Staying compliant and peer review-ready
C.
Managing engagements across disconnected tools
D.
Too much time spent on manual testing
What is your biggest day-to-day audit challenge?
1.
What would most improve your audit team’s effectiveness?
AI tools that scale expertise and create workflow efficiencies
Trusted methodology platform with automatic updates
One integrated tech stack that eliminates duplicate data entry
Automated transaction analysis
2.
How does your firm measure audit department success?
The number of junior staff who can work independently with fewer review cycles
Passing peer review with no deficiencies and consistent quality
Higher efficiency and realization rates — more engagements, less time
Identifying risks and tailoring analysis to specific engagements
3.
Which issue most impacts your team's productivity?
Junior staff uncertainty about engagement steps taking senior staff time
Manual updates to audit programs when standards or engagement details change
Version control issues and remote collaboration friction
Too much time spent on manual testing and reducing sample size
4.
Where is your firm in its audit technology journey?
We’re evaluating where to implement AI tools in our audit workflow
We're ready to move to a cloud-based methodology that’s always current
We have cloud-based methodology, but an outdated engagement manager
We’d like to use AI tools to improve quality and reduce testing time
5.
How is your firm thinking about AI in audit?
We want a GenAI assistant to automate audit steps and answer questions
We want AI embedded in our existing workflows — not a separate tool
AI isn't a priority — we're focused on foundational improvements
We want AI that analyzes full data populations and flags anomalies
6.
What is your biggest priority for adopting new technology in your firm?
Reviewing client documents and extracting data to populate workpapers
Generating risk assessments from industry benchmarks
Streamlining PBC requests, client document collection, and follow-up tracking
Segmenting transaction populations by risk and flagging anomalies
7.
See how CoCounsel Audit can work for your firm — connect with a Thomson Reuters specialist today.
What CoCounsel Audit can do for your firm: Automate audit program steps and checklist completion Answer methodology questions instantly, with trusted citations Extract key data from client documents to populate workpapers Give junior staff guided direction at every step to reduce rework
Meet your AI-powered audit assistant Your responses point to a clear theme: your team is spending too much time on manual, repetitive steps that don't require expertise — and junior staff need more guidance at every stage of the engagement. Thomson Reuters® CoCounsel Audit brings generative AI directly into your audit workflow, grounded in trusted PPC methodology content, so your team will confidently get answers faster.
CoCounsel Audit
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See how Guided Assurance can work for your firm — connect with a Thomson Reuters specialist today.
Your audit practice is ready for a methodology upgrade Audit quality, peer review readiness, and staying current with evolving standards are clearly at the top of your list. Thomson Reuters® Guided Assurance automatically updates when standards change — so you're never relying on outdated content or doing another desktop install.
Guided Assurance
What Guided Assurance can do for your firm: Always work from the most current standards Eliminate over- and under-auditing Empower staff with timely, practical guidance Automate complex procedures through integrated partners Compare risks to similar industry engagements
What Engagement Manager can do for your firm: Collaborate in real time from anywhere — no syncing, no version conflicts Roll forward engagement information, trial balance, and workpaper settings Send, track, and automate follow-up on PBC requests Eliminate duplicate data entry with product integration
Your firm is ready to manage audits from one connected platform. Too many disjointed tools wastes time. Thomson Reuters® Engagement Manager brings your workpapers, trial balance, PBC requests, and client communications into one cloud-based platform with seamless tax and audit integration so your team can move faster without duplicating work.
Engagement Manager
See how Engagement Manager can work for your firm — connect with a Thomson Reuters specialist today.
Your firm is ready to audit smarter — starting with the data. Your team is already thinking beyond traditional sampling. Thomson Reuters® Audit Intelligence Analyze uses AI to analyze full transaction populations, flag anomalies automatically, and generate audit documentation — so you can focus time and resources where the real risk lives.
Audit Intelligence Analyze
What Audit Intelligence Analyze can do for your firm: Analyze 100% of a transaction population instead of relying on samples Automatically flag anomalies that manual testing might miss Segment populations by risk level to focus testing where it counts Auto-generate audit documentation tied directly to your findings
See how Audit Intelligence Analyze can work for your firm — connect with a Thomson Reuters specialist today.
