Nov 05, 2025 | tax automation
Innovation at the inflection points: How AI is transforming Tax and Accounting
AI is poised to transform the Tax and Accounting industry – and Thomson Reuters has the tools to help professionals transform alongside it, writes Elizabeth Beastrom
The tax and accounting profession is at a true inflection point. Firms face mounting complexity, talent shortages, and the pressure to deliver more value with fewer resources.
We know that AI is a gamechanger. But in the past year, agentic AI has further accelerated what’s possible. Agents can handle the routine tasks that used to take professionals hours, days or even weeks to complete, freeing time for teams to focus on higher-value work.
At Thomson Reuters, we’re investing in this future – your future. Our focus is on solutions that automate routine tasks, empower teams to focus on strategic advisory, and help firms thrive amid the challenges the industry is facing.
At SYNERGY 2025, we’re proud to unveil our latest AI innovations:
Ready to Review is leading the way in transforming tax preparation. This cloud-based, agentic AI workflow streamlines the entire process—automating data extraction and verification so professionals can focus on review and advisory, not manual prep. Firms anticipate seeing significant time savings, especially during peak season, with accuracy and quality at the forefront.
Audit Intelligence Test is redefining how audit teams approach evidence matching and documentation. By automating the most tedious steps, this AI-powered Excel add-in enables auditors to quickly validate transactions and tackle complex scenarios, freeing up valuable hours and strengthening audit trails.
CoCounsel Document Analysis, audit and accounting professionals gain a powerful new tool for document review. Integrated with CoCounsel Audit, this solution combines agentic AI with a dynamic, spreadsheet-native grid, making it easier than ever to extract key data, perform substantive testing, and generate workpapers with embedded citations. Early adopters report up to 70% reductions in setup and review time.
These innovations aren’t just about technology. They’re about enabling professionals to do more with what they have while delivering smarter insights for clients.
At Thomson Reuters, we’re committed to helping you lead through change. The next era of tax and accounting is being written today—let’s shape it together.
Read more about Thomson Reuters Synergy 2025 Tax, Audit and Accounting announcements.
