corey wells Archives - Thomson Reuters Institute https://blogs.thomsonreuters.com/en-us/innovation-topics/corey-wells/ Thomson Reuters Institute is a blog from 抖阴成年, the intelligence, technology and human expertise you need to find trusted answers. Fri, 05 Jun 2026 10:32:28 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.3 From Vision to Workflow: 抖阴成年 Advances AI-Enabled Audit Through Guided Assurance /en-us/posts/innovation/thomson-reuters-advances-ai-enabled-audit-through-guided-assurance/ Fri, 05 Jun 2026 10:32:28 +0000 https://blogs.thomsonreuters.com/en-us/?post_type=innovation_post&p=71230 There鈥檚 no shortage of AI tools available to auditors right now. The real question is what actually works inside an audit engagement. Firms are navigating tighter capacity, increasing complexity, and growing client expectations around quality and defensibility. At the same time, many AI tools still sit outside the workflow, creating more fragmentation instead of less.

At 抖阴成年, we bring auditors advanced audit technologies. and launched in 2025, offering AI-powered solutions to help audit professionals work faster and with greater confidence.

Partnerships are equally central to our innovation strategy, with an approach centered around methodology. When we first shared our , the focus was clear: help firms modernize without asking them to walk away from the methodology they trust and their existing technology investments.

The role of the integrated ecosystem

Audit is not a single workflow, and it won鈥檛 be solved by a single tool. Our intention is to meet firms where they are 鈥 and give them an experience with best-in-class options from trusted providers that meet our standards for quality and reliability.

An open ecosystem approach makes it possible to bring together specialized capabilities and integrate them into a cohesive experience, with data being automatically shared with partners embedded in PPC. For firms, that means more flexibility in how they adopt new technologies and less need to manage disconnected tools across the engagement.

Today, we鈥檙e seeing that partnership vision come to life inside real, integrated audit workflows.

Over the past several months, we鈥檝e been working closely with a curated set of partners to embed AI-powered tools into our . Those integrations roll into , with new automated capabilities available to firms within our software.

Embedding partners within PPC

The impact is most visible in complex, manual areas of the audit where teams spend the most time today, such as lease accounting, proof of cash, and financial statement review 鈥 and it’s coming to life through our growing network of integrated partners:

: Lease accounting and specialized workflows

Lease accounting continues to be a complex and time-consuming area for many firms. By integrating Crunchafi into audit workflows, teams can automate lease accounting across FASB ASC 842, IFRS 16, and GASB standards, simplifying complex calculations and generating audit-ready schedules and journal entries directly from source contracts.

“Our clients span a wide range of industries and reporting standards, and lease accounting is one of the areas聽where聽getting the calculations wrong has real consequences,” said Leander Sico, Partner at Hutchinson & Bloodgood LLP. “Having Crunchafi integrated into Guided Assurance means our team is working from audit-ready outputs tied directly to the procedures we’re following. That connection between methodology and software gives us greater confidence in both our team’s execution and the final workpapers.”

: Automated proof of cash

Our integration with Audit Sight brings automated cash analytics directly into the audit workflows – reconciling bank activity against accounting records and producing audit evidence that allows auditors to reduce or eliminate substantive procedures throughout the audit.

“Audit Sight has transformed how we perform substantive testing,” said Mark Welp, Partner at Holbrook & Manter. “By automating testing of routine transactions, our team can focus on higher-value audit work. The recent PPC methodology updates reinforce that this approach is both practical and aligned with professional standards.”

: Financial statement validation

Financial statement validation and version management are some of the most time and judgment-intensive parts of the audit, but much of the underlying work is repeatable. Through our integration with Trullion, we鈥檙e bringing AI-driven automation into math and consistency checks on financial statements, version and prior-year comparisons, and statement structure validation.

“Partnerships drive increased efficiency while enhancing the effectiveness of our audit procedures,鈥 said Mike Reynolds, Partner at Bennett Thrasher. 鈥淭rullion and 抖阴成年 have consistently delivered on the vision, responsiveness, and execution necessary to solve these key components that differentiate market-leading solutions. Trullion鈥檚 financial statement validation capabilities available from 抖阴成年 Guided Assurance creates a fully integrated, AI-powered workflow, reducing friction throughout the entire financial reporting quality control process. We know this is just the tip of the iceberg of what this partnership can unlock and we are excited to see what comes next.”

Across each of these areas, the goal is to reduce manual effort, increase consistency, and keep work anchored in a trusted methodology.

Looking ahead

Audit is steadily becoming more automated and data-driven. The opportunity is to use that shift to improve both efficiency and quality, freeing up time for auditors to focus on risk, judgment, and insight.

By continuing to invest in both our own capabilities and this broader ecosystem, we鈥檙e helping firms evolve their workflows in a way that feels practical, connected, and grounded in the standards they rely on every day. That鈥檚 where we鈥檙e focused, and where we鈥檒l continue to push the pace of innovation in audit.

This post was authored by Corey Wells, General Manager of Audit at 抖阴成年

]]>