Does CoCounsel Audit & Accounting train AI on customer data?

CoCounsel Audit & Accounting's published policy says customer data is not used to train AI models. Thomson Reuters says user content, prompts and AI output from CoCounsel Tax, Audit & Accounting are not used to train or fine-tune its own LLMs or third-party models and are not stored by third-party GenAI providers, and that LLM calls use zero-retention APIs.

Does CoCounsel Audit & Accounting have SOC 2?

CoCounsel Audit & Accounting states that it holds a SOC 2 Type II report.

Which accounting systems does CoCounsel Audit & Accounting integrate with?

CoCounsel Audit & Accounting does not document an integration with QuickBooks Online, Xero, NetSuite, Sage Intacct or Microsoft Dynamics on its site.

How much does CoCounsel Audit & Accounting cost?

CoCounsel Audit & Accounting does not publish prices; pricing is by quote.

What are alternatives to CoCounsel Audit & Accounting?

Other audit tools in this directory include Caseware, DataSnipper, Fieldguide, Inflo and MindBridge.

CoCounsel Audit & Accounting

CoCounsel Audit & Accounting is Thomson Reuters' generative AI assistant for auditors and accountants. It answers technical accounting and auditing questions with citations to standards and Checkpoint content, summarizes client documents, and helps draft workpapers, memos and disclosure checklists. It is sold to audit and accounting firms of all sizes, with an option for in-house accounting teams.

Last verified October 14, 2026. Vendor site: tax.thomsonreuters.com (opens in a new tab)

What the AI does

Answers technical accounting and auditing questions with citations to FASB, GASB, AICPA, IFRS and Checkpoint Catalyst content
Summarizes client documents and analyzes trial balances to help prepare risk assessments
Reviews lease agreements and flags variable consideration clauses in contracts (ASC 842 and ASC 606 work)
Helps draft workpapers, memos and disclosure checklists, working with Excel and PDF files

Summarized from tax.thomsonreuters.com.

Facts, checked against the source

Category: AuditSource: tax.thomsonreuters.com (opens in a new tab)
Built for: CPA firmsSource: tax.thomsonreuters.com (opens in a new tab)
Ledger integrations: None documented among QuickBooks Online, Xero, NetSuite, Sage Intacct and Microsoft Dynamics
Pricing: Not publishedThe vendor does not list prices publicly; pricing is by quote or sales contact.
Free plan: UnconfirmedPricing is not public or does not say.
SOC 2: Type IISource: tax.thomsonreuters.com (opens in a new tab)
Trains on customer data: NoThomson Reuters says user content, prompts and AI output from CoCounsel Tax, Audit & Accounting are not used to train or fine-tune its own LLMs or third-party models and are not stored by third-party GenAI providers, and that LLM calls use zero-retention APIs.Source: tax.thomsonreuters.com (opens in a new tab)
Human review: Human reviewThomson Reuters says the AI supports rather than replaces professional judgment, shows sources and reasoning so users can verify answers, and leaves professionals responsible for signed-off work.Source: thomsonreuters.com (opens in a new tab)
Company: A Thomson Reuters product; Thomson Reuters is publicly traded (Nasdaq and TSX: TRI)Source: ir.thomsonreuters.com (opens in a new tab)

Checked against the linked official source on the date shown.
Unconfirmed: we could not find an official statement.

Sources

Official pages read for this listing on October 14, 2026. Vendors change their sites; if a page no longer says what we report, tell us and we will recheck it.

No changes logged since this listing was published. Changes and corrections are recorded in the changelog.

CoCounsel Audit & Accounting questions

Does CoCounsel Audit & Accounting train AI on customer data?: CoCounsel Audit & Accounting's published policy says customer data is not used to train AI models. Thomson Reuters says user content, prompts and AI output from CoCounsel Tax, Audit & Accounting are not used to train or fine-tune its own LLMs or third-party models and are not stored by third-party GenAI providers, and that LLM calls use zero-retention APIs.
Does CoCounsel Audit & Accounting have SOC 2?: CoCounsel Audit & Accounting states that it holds a SOC 2 Type II report.
Which accounting systems does CoCounsel Audit & Accounting integrate with?: CoCounsel Audit & Accounting does not document an integration with QuickBooks Online, Xero, NetSuite, Sage Intacct or Microsoft Dynamics on its site.
How much does CoCounsel Audit & Accounting cost?: CoCounsel Audit & Accounting does not publish prices; pricing is by quote.
What are alternatives to CoCounsel Audit & Accounting?: Other audit tools in this directory include Caseware, DataSnipper, Fieldguide, Inflo and MindBridge.