Thomson Reuters Launches CoCounsel Audit, a Next-Gen AI Tool for Auditors

Ask anyone who has worked on an audit and they will tell you: reviewing long, repetitive documents takes a lot of time. Some of it is just making sure the right numbers are in the right places. But some of it is about noticing when something does not line up like a contract that says one thing, but a report that shows another.

Auditors often deal with tight deadlines and big volumes of documents, especially when the client has operations in more than one country. In those cases, even a small error can slip through and create a compliance problem later on.

CoCounsel Audit is built to take on that kind of pressure. It can scan through large sets of audit documentation, like leases, loan agreements, revenue records and policy terms and surface key issues for human review. Instead of replacing human judgment it gives auditors a way to cover more ground and still focus on what matters.

What is more? It helps reduce what many firms call “review fatigue.” When teams are overworked, the chances of overlooking something important go up. But when a tool helps identify those pain points earlier, it gives auditors the breathing space to catch issues without rushing.