# Thomson Reuters Adds AI to Tax and Audit Tools

> Thomson Reuters launches AI-powered tax and audit software for professionals.
- Title: Thomson Reuters Adds AI to Tax and Audit Tools · SiliconANGLE
- Summary: Thomson Reuters launches AI-powered tax and audit software for professionals. Thomson Reuters released an AI-enhanced platform for tax and audit work that…
- Keywords: thomson reuters, co counsel tax, tax software, audit software, professional services, generative ai, technology, enterprise, Thomson, Reuters, Adds, Tax
- Source: SiliconANGLE — https://siliconangle.com/2026/10/22/thomson-reuters-folds-ai-into-its-professional-tax-and-audit-software
- Author: Paul Gillin
- Published: 2026-10-22T13:00:58+00:00
- Read time: 1 min
- Topics: thomson reuters, co counsel tax, ai, tax software, audit software, professional services, generative ai, technology, enterprise
## Thomson Reuters Launches AI Platform
Thomson Reuters Corp. today launched a rebuilt CoCounsel Tax, Audit & Accounting platform to move beyond answering questions to planning assignments and producing documents.
## AI Handles Complex Tasks
The enhanced platform combines AI agents with client information, tax research and code execution to build amortization schedules, prepare spreadsheets and draft memos.
## Accuracy Focus
The system provides citations, assumptions and calculations to help professionals assess conclusions before approving work, addressing the risk of wrong tax rules or overlooked client circumstances.
## Real-World Demo
In a demo, CoCounsel used a commercial loan agreement and spreadsheet template to produce an amortization schedule for a $5 million loan with changing interest rates and balloon payments.
## Security and Integration
Security controls limit agents to user-permitted files and approved government websites, with integrations including UltraTax, Engagement Manager and Guided Assurance.
## AI Verification Process
The system recalculates spreadsheet results using Python routines as a check on accuracy, with Lucas Adams noting that showing the work is actually doing the work.
## Professional Review Required
Professionals must still review and verify AI output, with David Wong stating that they expect close to perfection from any tool they use.
## Key takeaway

Thomson Reuters released an AI-enhanced platform for tax and audit work that helps professionals plan assignments, perform calculations and draft documents while maintaining accuracy.