Toronto, Ontario
2008
Enterprise (1,000+ employees)
Guided Assurance is a cloud-based audit management and methodology solution that helps accounting firms perform audits, reviews, compilations, and preparations more efficiently while maintaining compliance with professional standards. Designed around a guided, risk-based approach, the platform provides firms with the tools, workflows, and methodology needed to improve engagement quality and consistency.
Audit professionals must balance quality, compliance, and efficiency while managing increasingly complex engagements. Guided Assurance helps address these challenges by providing structured workflows, automated processes, and embedded guidance that support auditors throughout the engagement lifecycle. The platform helps ensure teams follow a consistent methodology while maintaining visibility into risks, procedures, and documentation requirements.
A core benefit of Guided Assurance is its risk-based engagement framework. By helping firms identify and assess risks early in the process, the platform supports more effective planning and execution of audit procedures. Built-in guidance helps auditors focus their efforts appropriately, reducing the likelihood of over-auditing or under-auditing and supporting greater consistency across engagements.
The solution also incorporates AI-enabled capabilities that assist with risk identification and engagement analysis. These tools help teams evaluate information more efficiently and focus attention on areas requiring professional judgment. Combined with workflow automation and standardized methodology, Guided Assurance helps firms improve productivity while maintaining audit quality.
Guided Assurance is well suited for firms seeking to standardize engagement execution, strengthen quality control processes, and support compliance with evolving professional standards. Cloud-based accessibility enables teams to collaborate effectively regardless of location while maintaining centralized access to engagement information.
Organizations using Guided Assurance can benefit from increased efficiency, improved risk management, stronger compliance, and more consistent engagement outcomes. By combining trusted methodology, modern technology, and intelligent workflow guidance, the platform helps firms deliver high-quality assurance services with greater confidence.
All Firm Sizes
Audit Partner; Managing Partner / Firm Owner; Technology Director / IT Lead
Custom Pricing
Phone, Email
2016
Contact for pricing
Streamline your assurance engagements.Ensure you comply with standards throughout your engagements with in-application guidance from Guided Assurance.
Experience how a fully integrated cloud-based audit solution helps you complete quality audit and assurance engagements faster and more accurately.
Audit Partner, West & Company CPAs PC
Firm Owner, Robert St. Pierre CPA PC
Audit Partner, Gray, Blodgett & Company, PLLC
It gives your firm a standardized, risk-based audit methodology inside the engagement workflow. Guided Assurance tailors programs to the engagement, keeps PPC content current, carries risk and materiality decisions through the work, and helps reduce both unnecessary procedures and gaps in documentation.
Not necessarily. Guided Assurance is primarily the methodology and guided-process layer. Thomson Reuters pairs it closely with Engagement Manager and Onvio, while its universal PPC file format lets firms use the cloud-based methodology with another engagement manager. Firms needing full trial balance, workpaper, and financial-statement management should evaluate the surrounding engagement platform as well.
Potentially, yes. Thomson Reuters offers a PPC file format designed for use with other engagement managers, so a firm can use Guided Assurance methodology without fully changing its binder software. The most integrated experience is available with Thomson Reuters Engagement Manager or Onvio.
Your team documents risks and assertions within a guided methodology, and Guided Assurance uses assisted risk identification to show how those risks compare with similar industry engagements. The resulting program is tailored around the documented risks, helping your team avoid a one-size-fits-all checklist approach while keeping professional judgment with the auditor.
Yes. Guided Assurance Single Audit includes a guided workflow built around current OMB Uniform Guidance and Compliance Supplement requirements. It supports federal award and expenditure tracking, SEFA preparation, major-program determination, risk assessment, coverage monitoring, staff collaboration, and completion tracking.
Managers can use status dashboards, design views, diagnostics, multi-user collaboration, and procedure signoffs to see engagement progress and identify missing responses or unresolved items. Real-time access also reduces version-control issues when multiple team members are working on the same engagement.
Current capabilities include AI-assisted risk identification and enhanced disclosure review that identifies disclosures in financial statements and maps them to checklist requirements. Guided Assurance also launches integrated partner tools such as Crunchafi, Trullion, and Audit Sight for specialized automated procedures. AI supports the process; the audit team remains responsible for professional judgment and conclusions.
The effort depends on your current audit stack. Thomson Reuters documents migrations from SMART Practice Aids into Guided Assurance and provides product support and training. Firms moving from older or more manual processes should still plan time for templates, prior-year content, workflow decisions, and staff training rather than assuming the first engagement will require no change management.
Thomson Reuters does not currently publish a starting price for Guided Assurance. The product is sold through a demo and contact-sales process, so your firm should request a quote based on users, engagement needs, related Thomson Reuters products, and any implementation or training requirements.
No. Thomson Reuters publishes customer examples ranging from a small CPA practice to West & Company CPAs and larger firms such as LBMC. The best fit depends more on the complexity and volume of your assurance work, methodology needs, and willingness to standardize the audit process than on firm size alone.
