Thomson Reuters has unveiled its next major leap forward — agentic AI systems, beginning with the launch of CoCounsel for tax, audit, and accounting professionals. Thomson Reuters is a global content and technology company.
While today’s most advanced AI assistants can generate results when prompted, agentic AI goes beyond simply responding under a pre-defined sequence of actions. It plans, reasons, acts, and even reacts — operating inside real workflows to complete complex, multi-step assignments with the transparency, precision, and accountability professionals require. Unlike generic AI, Thomson Reuters agents are refined by legal and tax, audit, and accounting experts to reason in alignment with professional standards and best practices, while ensuring that human expertise remains in the loop to guide judgment, validate outputs, and make final decisions.
“The tax and accounting profession today faces unprecedented challenges – from talent shortages to regulatory complexity to rising client expectations. Agentic AI offers a transformative solution,” said Elizabeth Beastrom, President of Tax and Accounting Professionals at Thomson Reuters. “Our CoCounsel platform represents a fundamental shift – delivering intelligent systems that autonomously complete complex tasks with minimal supervision. The future of accounting is about expertise, judgment and consultation – and with agentic AI, that future is here today.”
The first of these new agentic experiences is now live: CoCounsel for tax, audit and accounting professionals, a vertical-specific AI agent designed for modern professionals. CoCounsel automates real work — from client file review to memo drafting and compliance checks — while providing explainable outputs. It connects firm knowledge, Checkpoint, IRS code, and internal documents into a single AI-guided workspace.
Zachary Iannotta, CPA, Assurance Associate at HBK CPAs & Consultants, said: “CoCounsel has revolutionized the way our team approaches our daily workload. Not only does CoCounsel save us countless hours of manual work, but it also allows us time to hone in on the more thought-intensive tasks we perform to enhance, strengthen, and optimize the way we serve our clients. CoCounsel doesn’t replace our expertise – it amplifies it.”
Launching Next: Ready to Review — an agentic tax prep application that’s redefining what professional-grade AI can do. Built on the GoSystem Tax Engine, it doesn’t just assist with returns — it drafts them, adapts to system feedback, and resolves diagnostics on its own.
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