AI Technical Accounting Knowledge Agent

How Cassidy automates using AI

Step 1: Trigger on new accounting issue

The Workflow activates when a new transaction, standard adoption, audit comment, or policy refresh enters the system—capturing the issue statement, reporting framework (US GAAP vs IFRS), materiality considerations, and key stakeholders.

Step 2: Map authoritative literature

Cassidy searches the Knowledge Base to identify relevant ASC Topics, IFRS Standards, SEC rules, and firm precedent memos—building a cited literature map with paragraph-level references and flagging any Pending Content or upcoming effective dates.

Step 3: Analyze fact pattern and alternatives

The agent normalizes the fact pattern, identifies applicable accounting models, and builds decision trees aligned to codification sections—evaluating alternatives like principal vs agent, lease classification, or modification vs extinguishment.

Step 4: Generate technical memo draft

Cassidy produces a structured technical accounting memo with executive summary, facts, applicable guidance with ASC/IFRS citations, analysis of alternatives, conclusion, required disclosures, and impact assessment—ready for reviewer markup.

Step 5: Create disclosure outputs

The Workflow generates topic-specific disclosure checklists, draft note language benchmarked against peer filings, and XBRL tagging suggestions using GAAP/SEC taxonomies—with redlines against prior period disclosures.

Step 6: Route for review and sign-off

Cassidy routes the memo and disclosure package through configured approval workflows with Human-in-the-Loop checkpoints, maintains version control and audit trails, and tracks escalations to National Office when positions are precedent-setting.