Toronto, Ontario
2008
Enterprise (1,000+ employees)
CoCounsel Audit & Accounting is a professional-grade AI assistant designed specifically for audit and accounting firms looking to increase productivity, improve quality, and scale expertise across their teams. Built for the unique demands of audit and accounting workflows, the platform helps professionals automate repetitive tasks, accelerate document-intensive processes, and focus more time on high-value client work.
Audit and accounting teams often spend significant time reviewing documents, extracting information, preparing workpapers, and drafting engagement-related content. CoCounsel Audit & Accounting helps streamline these activities through AI-powered document analysis, review, summarization, and drafting capabilities. By quickly identifying relevant information across large volumes of data and documentation, teams can reduce manual effort while maintaining confidence in their work.
The solution is designed for firms facing increasing workloads, staffing constraints, and growing expectations around efficiency and service delivery. Whether supporting busy season demands, onboarding new staff, or managing complex engagements, CoCounsel helps professionals work more effectively without sacrificing accuracy or compliance.
Unlike general-purpose AI tools, CoCounsel is purpose-built for professional services workflows. Teams can leverage AI to support engagement execution, improve consistency across deliverables, and accelerate knowledge sharing across the organization. By reducing administrative and repetitive tasks, professionals are able to dedicate more attention to risk assessment, critical thinking, client advisory services, and strategic decision-making.
Firms using CoCounsel Audit & Accounting can benefit from faster turnaround times, improved team productivity, greater consistency in documentation, and enhanced scalability during peak workload periods. The platform helps organizations maximize the value of skilled professionals while improving the overall engagement experience for both staff and clients.
For audit and accounting firms seeking to modernize their workflows with AI, CoCounsel Audit & Accounting provides a practical way to automate routine work, improve operational efficiency, and deliver higher-value services with confidence.
All Firm Sizes
Audit Partner; Technology Director / IT Lead; Innovation Lead / Digital Transformation Lead
Custom Pricing
Phone, Email
2025
Contact for pricing
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CoCounsel Audit & Accounting leverages artificial intelligence to streamline and enhance your audit processes. Here are some key ways to use AI for audits:
CoCounsel improves audit engagements by providing verifiable outputs and streamlining real audit workflows. It automates repetitive tasks, such as analyzing trial balances, summarizing PDFs, and preparing risk assessments, allowing auditors to focus on higher-value activities and complex judgment calls. CoCounsel ensures consistency and reduces review cycles while integrating seamlessly with Excel and PDFs to support firm-approved processes and compliance with accounting standards like ASC 842 and ASC 606.
Yes, CoCounsel can assist with audit planning by providing relevant regulatory guidance, historical data, and best practices. It can also help in risk assessment by analyzing financial statements and identifying potential areas of concern.
Yes, CoCounsel includes features for creating, organizing, and managing audit workpapers. It can automate the process of generating workpapers, ensuring they are accurate and compliant with regulatory standards.
We’ve designed CoCounsel Audit & Accounting with robust security measures to protect data, including being cloud-native and supporting remote workflows while ensuring data protection. For accuracy, it provides trustworthy, verifiable answers with plain-language explanations and citations from trusted sources such as Checkpoint, AICPA, FASB, GASB, firm templates, and audit methodologies. It integrates firm knowledge and supports real audit workflows, ensuring compliance with firm methodology and regulatory frameworks.
Yes. Firms do not need to perform audits to benefit from CoCounsel Audit & Accounting. Even firms focused only on preparation, compilation, review, tax, or advisory work still need reliable audit and assurance (A&A) and preparation, compilation, and review (PCR) support. CoCounsel Audit & Accounting helps firms answer technical accounting and Statements on Standards for Accounting and Review Services (SSARS) questions; draft and customize engagement letters, reports, representation letters, management letters, and client communications; analyze draft financial statements and workpapers; create disclosure checklists and note disclosures; and support staff training and standardization. It helps firms deliver non-audit services more efficiently, consistently, and confidently.
