Thomson Reuters, a global content and technology company, today launched the next generation of CoCounsel Tax, Audit & Accounting, a fully agentic AI platform built for tax, audit and accounting professionals who have been waiting for AI that completes the work and delivers results they can trust.
The platform moves from source documents and client data to finished, defensible work product within a single workflow, with professional judgment guiding every step.
While many AI tools can now write and run code, precision alone doesn’t make professional work correct. Tax and audit work is full of judgment calls: which rule applies, how a client’s specific facts should be interpreted, what authority governs a given period. The next generation of CoCounsel Tax, Audit & Accounting is built to get that judgment right, grounding every calculation in the correct authority and carrying that reasoning through to a finished result, with enough visibility into how it got there that a professional can validate the work with confidence.
“The capabilities emerging from tools like Thomson Reuters CoCounsel Tax, Audit and Accounting represent some of most significant productivity advancements in my teams' careers,” said Richard Lynch, Sikich managing principal. "By streamlining standard tasks, CoCounsel has helped Sikich tax and audit professionals be more agile by improving efficiency and enhancing consistency across deliverables."
CoCounsel Tax, Audit & Accounting is built on the CoCounsel platform, alongside leading tax applications from Thomson Reuters, including Ready to Review and Ready to Advise. New capabilities and features will be added over time, connecting directly with the tools tax, audit and accounting teams already use so each addition arrives inside existing workflows. It’s built on a multi-model strategy, so customers are always working with the optimal model for the task, no matter how the technology changes. As it evolves, it will remain grounded in authoritative sources, including the Thomson Reuters accounting research engine, Checkpoint, which holds more than 12 million primary source and proprietary analytical documents that are expertly maintained and kept current by hundreds of experts, including CPAs and tax attorneys. It will also always meet the Thomson Reuters Fiduciary-Grade AI™ standard, giving tax, audit and accounting professionals the transparency and confidence the work demands.
“The next generation of CoCounsel Tax, Audit & Accounting changes what professionals should expect from AI. It doesn’t just answer a question; it plans the work, runs the calculation, applies the right authority, and delivers a finished result a professional can review and sign their name to,” said David Wong, Chief Product Officer, Thomson Reuters. “Building that took decades of authoritative content, credentialed expertise, and real-world integrations, the kind of foundation that turns AI that answers questions into AI that does the work.”
The next generation of CoCounsel Tax, Audit & Accounting platform capabilities include:
“We didn’t just build a tool that does math. We built one that knows why the math is right,” said Joel Hron, Chief Technology Officer, Thomson Reuters. “The code execution piece is table stakes now; every company in this space has it. What’s hard is making sure the system is reasoning from the right facts and the right authority before it ever runs a calculation. We built that judgment in, grounded in content that’s kept current and tested by the people who actually do this work, so a professional can check it themselves rather than take our word for it.”
The new CoCounsel Tax, Audit & Accounting platform is available now for all customers in the United States, with additional features and capabilities to come.
For more details, visit the Thomson Reuters website.
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