Punchcard

Punchcard is an audit assurance platform for requesting, testing, and reviewing evidence against assertions and risks, with workpapers and citations tied to source files.

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Overview

Punchcard is an audit assurance platform built for requesting and testing evidence against assertions and risks. The site positions it as a system of action for the agentive AI era, with workflows that help audit teams move from evidence requests to tested conclusions.

The product surface shown on the site includes CoAudit for conversational audit work, Workpaper for substantive testing, and Financial Statement Review for statement-level review. Across those workflows, Punchcard focuses on tying source documents, reasoning, citations, and reviewer judgment back to the underlying file or workpaper.

Core capabilities

Evidence request management

Request, track, and organize evidence across audit work so requests, activity, and status can live in one workspace.

Workpaper-based testing

Run substantive testing against matched source documents, with procedures applied to selected items and exceptions surfaced before review.

Statement review workflows

Review financial statements through structured modes for internal consistency, foot/crossfoot, prior-year comparison, disclosure checklists, spell, grammar, and tick marks.

Conversational audit agent

Use conversational prompts to produce audit outputs such as lease schedules, revenue cutoff testing, and other procedure-specific tasks.

Cited and reviewable results

Attach reasoning traces, page citations, and tick marks to outputs so reviewers can inspect the basis for each conclusion in place.

Exportable audit deliverables

Package findings into exportable artifacts such as structured workpapers or a review cover sheet that travels with the statements.

Common use cases

Audit evidence coordination
Prepare and manage evidence requests, monitor responses, and keep client work organized across engagements and request groups.
Substantive testing in workpapers
Run substantive procedures such as revenue testing, AP/AR testing, payroll testing, inventory-related testing, and contract review with source-linked reasoning.
Financial statement review
Review draft financial statements for internal consistency, foot/crossfoot accuracy, prior-year variance, disclosure completeness, and presentation issues.
Conversational audit assistance
Handle ad hoc audit questions through a chat-style workflow that can produce schedules and analysis from uploaded source documents.

Pros and Cons

Pros

Covers multiple audit stages, from evidence requests to substantive testing and statement review.
Keeps reasoning, citations, and tick marks attached to the workpaper or statement rather than scattered across chat logs.
Supports several concrete workflows shown on the site, including revenue testing, lease schedules, cutoff testing, and disclosure review.
Outputs are structured for reviewer use, including findings indices and cover sheets.

Cons

Pricing details are not available in the collected source, and the pricing page returns a 404.
Integration support with external systems is not described in the provided pages.
The evidence is strongest for audit and review workflows; broader product scope is not fully documented here.

FAQ

What is Punchcard used for?

Punchcard is designed for audit workflows that request, test, and review evidence against assertions and risks. The source pages show it being used for financial statement review, substantive testing in workpapers, and conversational audit tasks through CoAudit.

How do the main workflows differ?

The source pages describe CoAudit as the conversational agent, Workpaper as the substantive testing workflow, and Financial Statement Review as the statement review workspace. Together they cover requesting evidence, testing it, and reviewing the resulting workpaper or statement file.

What does the output look like?

Yes. The Workpaper page says the agent reads source documents, runs procedures, attaches reasoning and citations, and outputs a workpaper ready for partner and peer review. The Financial Statement Review page also shows findings, tick marks, and an exportable cover sheet.

Who is it for?

The site states that Punchcard is built for audit firms, risk consultants, and their clients, and it also references auditors, consultants, and clients on the pricing page title. The examples on the site focus on financial statement audit and related assurance tasks.

Does the site list pricing?

The available pages do not show pricing details, and the pricing URL returns a 404 in the collected source text. No plan names, rates, or limits are supported by the evidence provided.