Nov 12, 2026 | Leadership
Audit’s next chapter: Transforming the audit with agentic workflows
The next generation of CoCounsel Audit & Accounting turns source data into review-ready workpapers with traceable citations, so auditors spend less time on manual work and more time on professional judgment
Firms are being asked to deliver more audits with the team they have, while regulators expect auditors to retain judgment, review, and sign-off. The next generation of CoCounsel Audit & Accounting is built for that challenge, with an agent that does the work and an open, curated ecosystem that keeps engagement context in one place.
The next generation of CoCounsel Audit & Accounting, part of the CoCounsel Tax, Audit & Accounting platform, launched in October and is now available to all customers in the United States. Designed specifically for audit and accounting professionals, the solution builds on the shared CoCounsel foundation, including Fiduciary-Grade AI™ authoritative content from sources like Checkpoint, enterprise-grade security, and connected workflows, and applies it to audit-specific standards, methodologies, and engagement work.
From research to real work with the next generation of CoCounsel
The next generation of CoCounsel moves beyond research to doing the work. Instead of answering one question at a time, the agent takes on multi-step audit tasks across documents and systems. For example, auditors can build a risk assessment grounded in PPC methodology, run substantive testing across an entire sample set, or recalculate a lease liability and draft the supporting journal entries.
Output arrives in the Word and Excel formats audit teams already ready for review with live formulas and citations back to the source. Auditors can start with a draft instead of a blank page, leaving more time to apply professional judgment and decide what comes next. And because the agent runs on Fiduciary-Grade AI™, designed for professionals with duties of care and regulatory oversight, that judgment stays with the auditor.
Connected to the engagement you already run
Connectors bring Thomson Reuters audit solutions and the third-party applications auditors already use into CoCounsel Audit & Accounting, giving the agent the context to analyze data, perform work, and draft outputs for the auditors’ review.
With the Engagement Manager Connector, CoCounsel can access engagement data from both Thomson Reuters Engagement Manager and Guided Assurance, including trial balance, ledger data, and PPC methodology. The agent can work directly from the data already in the engagement, reducing manual uploads and keeping work in context. Completed workpapers can then flow back into Engagement Manager, ready for the audit team to review and continue the engagement.
CoCounsel also connects with third-party applications that support other parts of the audit workflow. Suralink brings client-provided information directly into CoCounsel, while Inscope connects financial statement preparation from their AI-native platform, allowing the agent to work with more of the information that already supports the engagement.
The connector ecosystem will continue to grow, with new connections added as they’re ready. Each connector is vetted, and the firm controls which applications CoCounsel can access.
Follow along to see what’s new
Thomson Reuters is heavily investing in audit, delivering meaningful innovation today while continuing to build what’s next. Wherever a firm is on its journey, they can invest with confidence knowing the solutions they adopt now are designed to evolve alongside their needs. And we’re not slowing down. We’ll continue expanding what’s possible with AI, connected workflows, and trusted audit expertise to help firms work smarter and prepare for what’s ahead.
Learn more at Thomson Reuters Synergy (Las Vegas, Nov. 16-19, 2026) and online at CoCounsel Audit & Accounting.
