Accounting & Trade Archives - ³ÉÈËVRÊÓÆµ Institute https://blogs.thomsonreuters.com/en-us/innovation-topics/accounting-trade/ ³ÉÈËVRÊÓÆµ Institute is a blog from ³ÉÈËVRÊÓÆµ, the intelligence, technology and human expertise you need to find trusted answers. Wed, 25 Mar 2026 18:59:27 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.3 Why we’re adding Audit to our name—and what it means for our customers /en-us/posts/innovation/thomson-reuters-adds-audit-to-name/ Thu, 05 Feb 2026 13:00:41 +0000 https://blogs.thomsonreuters.com/en-us/?post_type=innovation_post&p=69345 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

³ÉÈËVRÊÓÆµ 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:

  • : 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.

CoCounsel Audit customer testimonial

  • : 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.

  • : 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.

Audit Intelligence Test customer testimonial

  • Open ecosystem: Integrations that enhance Guided Assurance (Cloud Audit Suite) with —plus a partnership with .

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.

This post was authored by Elizabeth Beastrom, President of Tax, Audit & Accounting Professionals at ³ÉÈËVRÊÓÆµ.
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Ready to Review named a 2026 Top New Product by Accounting Today /en-us/posts/innovation/thomson-reuters-ready-to-review-named-a-2026-top-new-product-by-accounting-today/ Tue, 03 Feb 2026 14:20:44 +0000 https://blogs.thomsonreuters.com/en-us/?post_type=innovation_post&p=69289 has recognized as a 2026 Top New Product in the publication’s Tax Tools category. They also awarded an Honorable Mention to . I’m proud to share this recognition because it reflects something I hear consistently from firm leaders: the need to deliver high-quality work with more consistency—under real capacity pressure.

Tax, Audit and Accounting has always been a profession built on rigor and responsibility. But the reality of running a modern tax practice is that complexity keeps rising, timelines keep tightening, and client expectations keep evolving. Firms are being asked to do more, faster—without compromising quality.

³ÉÈËVRÊÓÆµ Ready to Review

Why this matters for firms

This recognition is not just about a new solution being introduced—it’s about what firms are prioritizing right now. Across the industry, leaders are focused on creating repeatable capacity—not just surviving busy season, but building workflows that are reliable year-round. That means reducing friction in the return process, improving consistency across teams, and ensuring professionals have the time to apply judgment where it matters most.

That’s the lens I bring to . It’s designed to support the parts of the tax return process that can slow teams down, so professionals can stay focused on the work of humans: review, judgment, accountability, and advising clients with confidence.

Restoring time for professional judgment

There’s a lot of discussion about automation and the future of work. What I see in firms today is more practical: talented professionals spending too much time on repetitive steps, and not enough time on review, coaching, and client conversations.

The opportunity here is to shift time back to the professional—so firms can:

  • Strengthen quality and consistency
  • Improve responsiveness to clients
  • And make the work more sustainable for teams

Honorable Mention: Ready to Advise

Accounting Today also gave an Honorable Mention to , which is aimed at supporting tax planning and advisory services.

That matters because once firms create more capacity, the next question is how to use it. Many firms are looking to grow advisory in a way that’s scalable and consistent – grounded in strong workflows and clear client outcomes.

Recognition like this is meaningful for us at ³ÉÈËVRÊÓÆµâ€”but it’s even more meaningful because it reflects progress our customers can feel. When firms can rely on their technology to create more capacity and consistency in the work, they can serve clients with greater confidence, support their teams through peak demand, and make the practice more sustainable. That’s the kind of win we’re focused on: one that strengthens firms and the professionals who power them.

This post was authored by Elizabeth Beastrom, President of Tax, Audit & Accounting Professionals at ³ÉÈËVRÊÓÆµ.
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