AI for Accounting:
Serve More Clients. Deliver More Value. Without Adding Headcount.

A client is asking whether [describe the transaction or situation]. Research the relevant Internal Revenue Code sections, Treasury Regulations, and any recent IRS guidance (Revenue Rulings, Revenue Procedures, PLRs, or Chief Counsel Advice) that apply. For each authority, provide: the specific code section or ruling number, a plain-language summary of how it applies to this fact pattern, and whether it supports or undermines the client's desired position. Flag any areas where the law is unsettled or where a position would require disclosure. Return as: (1) a one-paragraph summary of the likely strongest position based on the authorities identified, (2) a supporting authorities table with columns for authority, relevance, and strength (strong/moderate/weak), (3) a list of additional facts you'd need from the client to finalize the analysis, and (4) a verification checklist — for each cited authority, confirm that the code section or ruling number exists and that your summary accurately reflects its current status.

[Paste your client's current-year financial statements and prior-year comparatives here — anonymize or redact as required by your firm's AI usage policy.] Perform a detailed analytical review: calculate year-over-year changes for every material line item (flag anything exceeding [your materiality threshold] or $[your dollar threshold]), compute key ratios (current ratio, quick ratio, debt-to-equity, gross margin, operating margin, DSO, DPO, inventory turnover), compare each ratio to the prior year and note the direction of change. Where relevant, note if the ratio is typical or atypical for the client's industry. Identify any line items where the trend is inconsistent with the client's stated business narrative. For each significant variance or anomaly, suggest a specific follow-up question for the client and note whether it could indicate a potential error, misstatement, or area requiring further investigation. Return as: (1) a variance analysis table sorted by materiality, (2) a ratio summary with trend arrows, and (3) a prioritized list of items requiring management inquiry.

Draft a professional engagement letter for the following service: [tax preparation / audit / review / compilation / advisory]. Client details: [name or placeholder, entity type, fiscal year-end]. The engagement should cover: scope of services with specific deliverables, the firm's and client's respective responsibilities, fee structure and billing terms, timeline and key deadlines, limitations of the engagement per applicable professional standards (AR-C 60/90 for compilations/reviews, AU-C 210 for audits), data and document requirements from the client, and terms for additional services outside the original scope. Use professional but accessible language — the client is a business owner, not an accountant. Include protective language around reliance on client-provided information. Note where the firm should insert its own liability limitation provisions, as these vary by state and firm policy. Return as a ready-to-review draft letter formatted with proper headings, signature blocks, and an engagement acceptance line. Flag any sections where firm-specific or state-specific terms should be inserted.