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Disclosure

Disclosure review

Disclosure Review automates finding financial‑statement disclosures and matching them to your requirements. This Al-powered tool helps streamline the process of completing your disclosure checklist.
It doesn't stop at your current checklist—it looks for every relevant disclosure requirement. If you choose one for a topic you haven't added to the engagement yet, it'll add that topic and the requirement for you.
Refer to the following overview to learn about the feature and how to access it.

What the feature does

  • Reads uploaded financial statements (PDF and Word documents).
  • Identifies disclosures made in the financial statements.
  • Links disclosures to specific disclosure requirements.
  • Provides reasoning and citations for each identified disclosure.
  • Automatically populates
    Yes
     responses in the disclosure checklist when you accept suggestions.

What the feature doesn't do

  • Determine
    No
     responses (when a required disclosure was not made).
  • Determine
    N/A
     responses (when a disclosure requirement doesn't apply).
note
In the future, functionality will be expanded.

Prerequisites

Do the following before running a disclosure review:
  1. Upload your financial statements to Engagement Manager by dragging and dropping PDF or Word files.
  2. Update your disclosure checklist to the most recent version.
  3. Name your files appropriately for easy identification.

Access the feature

  1. Open your
    CX-13
     Disclosure Checklist from Engagement Manager.
  2. Select
    Audit Al
    .
  3. You'll go to the homepage with 2 Al skills:
    • Summarize
      : Creates brief and long summaries of documents
    • Disclosure Review
      : Automates disclosure identification.
  4. Select
    Disclosure Review
    .
note
On the homepage, you'll also find 2 other features:
  • Change Client
    : Select this to switch between different client engagements (each client has its own instance).
  • Results
    : Select this to access your results history for the current engagement.

Roll forward considerations

  • When rolling forward engagements, disclosure responses and comments (including Al-generated comments) will transfer forward.
  • If you forget to update your checklist before using the tool:
    • You won't lose your work.
    • Run the feature again to search for new requirements.

Download formats

From Results History: PDF format
From Results Page: Excel format
Excel downloads include:
  • Parent requirement
  • Disclosure procedure
  • LLM answer
  • Al reasoning

Tips for success

  1. Start with an updated checklist
    to ensure accurate results (update the Guided Assurance Checklist with the “Update Checklist” feature).
  2. Remove Management Discussion and Analysis.
  3. Review all Al reasoning and citations
     before accepting responses.
  4. Use the filter function
     to focus on found versus not found disclosures.
  5. Edit responses as needed
     to match your firm's documentation standards.
  6. Refresh your checklist page
     after accepting responses to see updates.

This article applies to:

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