Feb 05, 2026 | Leadership
Why we’re adding Audit to our name—and what it means for our customers
Thomson Reuters today officially updated the name of one of its big three segments to Tax, Audit & Accounting Professionals, as noted at its Earnings update. Elizabeth Beastrom explains the change.
What’s in a name? In our case: we’re adding one very intentional word: Audit. Our business segment name today becomes Tax, Audit & Accounting Professionals. We’re putting a spotlight on the part of the profession navigating some of the biggest shifts right now. We’re also reinforcing our commitment to helping firms adopt AI-enabled efficiency without losing the rigor, documentation, and trusted PPC methodology they rely on.
By explicitly calling out Audit, we’re recognizing and serving customers whose needs go well beyond tax compliance. We’re reinforcing our commitment to building audit-specific products, workflows, and expertise that help firms modernize.
Audit isn’t “extra”—it’s essential
Most firms don’t experience tax, audit, and accounting as separate lanes. They’re connected, year-round workflows that require speed, clarity, and confidence. And in audit, “moving faster” can’t come at the expense of quality. It has to come from better systems: more structured workflows, less manual effort and greater automation.
That’s why audit deserves to be named. Not as a trend—but as a clear, long-term commitment to the customers doing this work every day.
How we’re helping audit teams work smarter and faster
Thomson Reuters is investing in audit workflow tools and expanding our partner ecosystem so firms can modernize their audit practice with industry-leading AI-powered cloud-based solutions backed by trusted methodology, including:
- CoCounsel Audit: Supports day-to-day audit work by helping teams analyze and review documents, draft workpapers, and keep materials organized in a shared workspace—aimed at making workflows more consistent and reducing time spent on repetitive tasks.
- Audit Intelligence Analyze: Uses automation and AI to speed up transaction analysis, identify items for review, assist with sample selection, and direct attention toward higher-risk areas—so auditors can spend more time on judgment-heavy work.
- Audit Intelligence Test: Helps teams complete testing with less manual work by automating the matching of selected samples to supporting evidence and validating whether the expected amounts were collected, while keeping documentation in the workflow.
- Open ecosystem: Integrations that enhance Guided Assurance (Cloud Audit Suite) with partners like Trullion, Audit Sight, and Crunchafi—plus a partnership with Fieldguide.
What’s changing—and what isn’t
This is a naming update, not an organizational change. There are no changes to roles or structure tied to this announcement. What is changing is the clarity: audit is an intentional focus. You’ll continue to see that reflected in the products, partnerships, and workflows we bring to market.
The bottom line
Audit deserves to be named—because firms deserve tools that help them modernize with confidence. By adding Audit to our name, we’re making a clear commitment to supporting the profession through rapid change. We’re delivering AI-enabled efficiency, grounded in trusted methodology, backed by an ecosystem built for real audit work.
