Punchcard
Punchcard provides an audit workpaper platform where AI agents (CoAudit) prepare source-linked evidence and draft workpapers across Excel, Word, and its own interface, while keeping human judgment final. The platform automates routine tasks such as extracting lease terms and building ASC 842 amortization schedules, reducing manual effort while maintaining audit trail integrity. Trusted by national firms including RSM, Richey May, and JLK Rosenberger, Punchcard enables up to 10× faster substantive testing.
- Regulatory & Compliance Technology
- AI Agents
- Artificial Intelligence
- Software Only
Funding
Raised to date
$500KRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Founder details are not available yet.
Product
Problem
Traditional audit workpaper preparation requires auditors to manually extract evidence from source documents, perform tedious tie-outs and recalculations, and document conclusions—a process that is time-consuming, error-prone, and consumes hours of substantive testing time.
Solution
Punchcard provides an audit workpaper platform where AI agents (CoAudit) prepare source-linked evidence and draft workpapers across Excel, Word, and its own interface, while keeping human judgment final. The platform automates routine tasks such as extracting lease terms and building amortization schedules, reducing manual effort while maintaining audit trail integrity. CoAudit works across Punchcard, Excel, and Word to test evidence and prepare source-linked workpapers—with citations and reasoning that show how the evidence supports each audit conclusion. Every conclusion explains its basis and traces back to the source document and page, while reviewers maintain control over final judgment calls.
Target Audience
Primary customers are audit firms—including national firms like RSM, Richey May, and JLK Rosenberger—and internal audit teams at companies that need to perform financial statement, EBP, SOX, or SOC 2 engagements.
Features
- AI agents that prepare source-linked workpapers with citations and reasoning, enabling up to 10× faster substantive testing
- Automated sample testing with assertion-level analysis (existence, cutoff, accuracy, classification) that flags misstatements with detailed reasoning
- ASC 842 lease schedule builder that extracts lease terms from agreements, calculates day-1 measurement, and generates amortization schedules and JE templates
- Structured request tracking with evidence request management, status tracking (To Do, Returned, In Review, Done), and client-facing selection and support types
- Excel and Word integration enabling workpaper preparation and review directly within familiar tools
- SOC 2 certified and GDPR compliant security with bank-grade protection trusted by national audit firms