tax audit & accounting professionals Archives - 成人VR视频 Institute https://blogs.thomsonreuters.com/en-us/innovation-topics/tax-audit-accounting-professionals/ 成人VR视频 Institute is a blog from 成人VR视频, 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鈥攁nd 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:听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鈥檙e 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”鈥攊t’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鈥攂ut as a clear, long-term commitment to the customers doing this work every day.

How we’re helping audit teams work smarter and faster

成人VR视频 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鈥攁imed 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鈥攕o 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 鈥攑lus a partnership with .

What’s changing鈥攁nd 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鈥攂ecause 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 成人VR视频.
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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鈥攗nder 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鈥攚ithout compromising quality.

成人VR视频 Ready to Review

Why this matters for firms

This recognition is not just about a new solution being introduced鈥攊t’s about what firms are prioritizing right now. Across the industry, leaders are focused on creating repeatable capacity鈥攏ot 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鈥攕o 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 鈥 grounded in strong workflows and clear client outcomes.

Recognition like this is meaningful for us at 成人VR视频鈥攂ut 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 成人VR视频.
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Transforming Busy Season: Introducing Ready to Review, 成人VR视频 Agentic AI for 1040 Preparation /en-us/posts/innovation/transforming-busy-season-introducing-ready-to-review-thomson-reuters-agentic-ai-for-1040-preparation/ Mon, 15 Dec 2025 16:57:32 +0000 https://blogs.thomsonreuters.com/en-us/?post_type=innovation_post&p=68794 Over the last year, we鈥檝e talked a lot about how AI will change the game for tax professionals. Today (December 15), that future becomes more real in a very practical way with the launch of .

Ready to Review听is our new cloud-based, agentic AI tax workflow solution built on听CoCounsel.听For tax year 2025, it听modernizes 1040听tax听return听preparation听and is designed to take on the heavy, repetitive work of gathering client documents and preparing returns鈥攕o tax professionals can focus on what drew many of us to this profession in the first place: problem solving, critical thinking, and delivering great counsel to clients.

For too long, firms have been stuck in a pattern that everyone recognizes as unsustainable鈥攅ver more complex returns, tighter deadlines, and mounting pressure on teams already stretched thin. Busy season has become synonymous with burnout and staffing strain. AI alone听won鈥檛听fix that, but AI put to work in the right way鈥攖hrough agentic AI that is deeply embedded into tax workflows鈥攃an fundamentally change the equation.

The goal is not to replace professional judgment, but to clear away the manual, time-consuming tasks that prevent professionals from using that judgment to its fullest. Ready to Review gives firms a single, cloud-based, scalable platform that automates the gather and tax prep stages of the听workflow鈥攈elping firms manage more individual returns with existing staff while听maintaining听quality and control.

We鈥檙e听already seeing the impact. Indiana-based CLH CPAs & Consultants听participated听in our early adopter program and saw听the potential for听transformative time savings. As Bob Lange, Partner at CLH, told us:听鈥淩educing return preparation time by听approximately an听hour on each simple 1040 is significant in terms of efficiency gains. For firms like ours, these time savings will be a game changer.鈥

I鈥檝e听said before that I expect firms will听ultimately pair听each CPA with at least one virtual agent. Ready to Review is a tangible step in that direction. It brings that 1:1 vision closer to reality by embedding Gather and Tax Preparer AI agents directly into the 1040 workflow in a way听that鈥檚听responsible, auditable, and grounded in trusted 成人VR视频 tax content and compliance听expertise.

As solutions like Ready to Review become part of the day-to-day fabric of tax work,听we鈥檒l听see fewer 80-hour听weeks听and more time spent on the nuanced, client-focused work that truly differentiates firms.听We鈥檒l听make room for new talent who are excited about a career that leans into analysis and advisory rather than pure grind.听

Ready to Review is now generally available in the United States for 1040 use cases, and its launch marks an important milestone in our broader journey with agentic AI on the听 platform.听It鈥檚听one more way听we鈥檙e听helping firms modernize in a way that is practical, grounded, and built for the realities of tax season.

This post was authored by听Elizabeth Beastrom,听President of Tax and Accounting Professionals at听成人VR视频.

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成人VR视频 and Ecosystem Partners Bring PPC Methodology into AI鈥慞owered Audit Workflows /en-us/posts/innovation/thomson-reuters-and-ecosystem-partners-bring-ppc-methodology-into-ai%e2%80%91powered-audit-workflows/ Mon, 01 Dec 2025 14:05:22 +0000 https://blogs.thomsonreuters.com/en-us/?post_type=innovation_post&p=68604 When I talk with audit leaders today, I hear the same things: tight capacity, rising expectations, evolving standards, and a flood of AI tools that are hard to evaluate. Firms want to modernize their audit firms, but not at the expense of quality, documentation, or compliance.

At 成人VR视频, our starting point is, and will remain, methodology. For decades, firms have relied on 成人VR视频 PPC methodology as the gold standard for audit quality, documentation, and compliance. Our vision for AI in auditing builds on that foundation. We’re not asking firms to change how they practice. We’re focused on making PPC the most AI鈥慳utomated audit methodology in the market鈥攖hrough our own products and through deep partnerships with innovators our customers already trust.

That’s the idea behind our recent partnerships with , , , , , and . Together, we’re embedding PPC into AI鈥慸riven tools across We’re supporting AI-powered automation with , so firms can automate more work while staying grounded in the trusted methodology they already rely on.

Trullion: Methodologyaware automation for financial statement review

Financial statement review is one of the most judgment鈥慽ntensive parts of the audit鈥攂ut many of the underlying procedures are repeatable. Our integration with Trullion brings AI鈥憂ative automation to financial statement review and testing, with full traceability back to PPC methodology and the relevant guidance at every step.

Artie Minson, CEO at Trullion, describes the shift: “This partnership signals a new era for audit automation and lays the foundation for trusted and truly agentic workflows. Our vertical AI solution is built for auditors by auditors, ensuring our outputs are within the framework of professional standards. This integration creates methodology-aware automation. Auditors can now focus their time on applying judgment to fully evidenced, agentic outputs, rather than searching for them, delivering audits with unmatched efficiency, accuracy, and quality.”

For us, “methodology鈥慳ware” is key: automation is valuable only when it operates within the same professional framework firms already use to define, document, and support their work.

Audit Sight: Substantive analytics that reduce testing

Substantive testing is another area where firms feel the strain. Even when technology is available, many teams still default to large samples and manual procedures.

As T.C. Whittaker, Co鈥慒ounder and CEO of Audit Sight, puts it: “Audit firms are seeking smarter ways to expand capacity and elevate quality without adding headcount. Bringing automated testing together with 成人VR视频’ PPC methodology 鈥 and enabling it through Guided Assurance 鈥 is the ultimate unlock for auditors. It transforms the audit plan itself, making it intelligent and dynamic by tailoring procedures, eliminating unnecessary tests, and reducing sample sizes based on automated evidence and client-specific risk. This partnership represents a shared vision to redefine how assurance is delivered in the modern era.”

Crunchafi: Automating lease procedures inside PPC

Lease accounting has become a complex, time鈥慶onsuming area for many firms. Too often, teams spend hours on calculations and reconciliations instead of higher鈥憊alue work.

By integrating Crunchafi into Guided Assurance, we bring seamless lease accounting automation directly into PPC鈥慴ased workflows, eliminating manual lease calculations and providing audit-ready journal entries, amortization schedules and footnote disclosures while preserving firms’ established methodology.

Mike Cooke, CRO at听Crunchafi, explains: “Audit teams want efficiency without sacrificing quality. By aligning听Crunchafi鈥檚 automation with the PPC Methodology, we鈥檙e giving firms a clearer, more reliable way to handle lease accounting from the start of the engagement to the final deliverable.”

This is the pattern we’re aiming for: automation that plugs into how firms already work, rather than asking them to start from scratch.

Fieldguide: Empowering Firms with Flexible Paths to Automate PPC Methodology

Many firms also want a more connected environment where methodology, evidence, and automation all live together. Our goal is to meet firms where they are 鈥 and give them options.

That is why we鈥檝e partnered with Fieldguide to embed Guided Assurance鈥攚hich delivers PPC methodology鈥攄irectly into Fieldguide’s professional鈥慻rade agentic AI platform. This creates a unified experience where trusted PPC content and intelligent automation collaborate to execute engagements efficiently and consistently.

Whether firms choose to automate audits with 成人VR视频 or Fieldguide, they can be confident they鈥檙e using the most trusted and automated methodology in the profession. This flexibility reflects our commitment to innovation and the unique needs of our customers.

Jin Chang, Co-Founder and CEO of Fieldguide says: 鈥淔irms are under pressure to do more with less. They need trusted methodology and AI agents that work the way they do. By embedding 成人VR视频 PPC methodology into our platform, we鈥檙e helping firms deliver higher quality work with more consistency and less effort. This partnership reflects a shared commitment to the future of the profession.鈥

Validis: Data as the foundation for AIdriven auditing

AI is only as good as the data behind it. For many firms, getting clean, audit鈥憆eady data from clients is one of the toughest operational challenges.

Through , our work with Validis focuses on solving that. Validis powers secure, on鈥慸emand ingestion of client trial balance, general ledger, and subledger data directly into Audit Intelligence. From there, we use AI and machine learning to focus testing on high鈥憆isk areas, segment populations by risk, and reduce the number of items to be tested, with anomaly detection automatically surfacing unusual items and generating the required documentation.

As Jeff Gramlich, Managing Director at Validis, explains: “We’re excited to collaborate with 成人VR视频, a true market leader and innovator, to deliver audit-ready data through our cutting-edge ingestion capabilities. This partnership provides auditors with the data breadth and granularity crucial for effective AI-driven auditing. By integrating our technology into the Audit Intelligence suite, we’re empowering auditors to conduct data-driven audits with enhanced efficiency and risk analysis, ultimately transforming the process to benefit both auditors and their clients.”

Valid8 Financial: Turning evidence gathering into an automated workflow

Finally, there’s the everyday work of matching samples to evidence and documenting that work in a way that stands up to inspection and peer review. This is some of the most manual and time鈥慶onsuming work in an audit.

, developed with Valid8 Financial, automates the matching and documentation of samples to supporting evidence, dynamically tracing accounting transactions to banking activity to confirm occurrence. It brings technology traditionally used in advisory, forensic, and financial crime work into an integrated audit workflow.

Brett Suchor, CEO of Valid8 Financial, says: “We built our technology to solve real problems auditors face every day 鈥 reducing the manual, time-consuming work of matching samples to evidence. Through our collaboration with 成人VR视频, we’re delivering a faster, more reliable testing experience to audit professionals across the industry.”

The future of Audit

In the next 3-5 years, we鈥檙e going to see big changes to the audit profession. Audit is moving decisively toward an automated, data-driven future. Using the right tools to increase efficiency and quality so teams can focus on higher risk areas and deliver better outcomes for clients is paramount.

In today鈥檚 environment, firms are being asked to do more with less, navigating tighter deadlines, increasing complexity, and growing client expectations. At 成人VR视频, we are bringing auditors advanced audit technologies, with our听newest audit solutions听increasing efficiency and accuracy.

We’ll keep investing in our own AI capabilities and in this partner ecosystem so firms can modernize at their own pace, on their own terms鈥攚ithout walking away from the methodology that has served them well for decades.

This post was authored by Dave Wyle, General Manager of Audit at 成人VR视频.

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