Top 25 firm
"This investment reflects our belief that AI will fundamentally reshape the accounting profession," said Citrin Cooperman Advisors CEO Alan Badey in a statement. "We see an opportunity to support the continued evolution of assurance capabilities through technology, under the governance and standards of licensed CPA firms. Tellen's platform aligns closely with that vision, and we are excited to help accelerate the next generation of AI-enabled audit workflows."
The two companies will collaborate on developing and deploying AI-enabled technologies focused on the assurance and quality management process. While the firm declined to offer specifics on what, exactly, they would be working on together, whatever comes from the agreement will be based on Tellen's software, which uses AI agents to automate audit workflows, financial statement preparation and footnote disclosures.
With regard to audit workflows in particular, the agents automate tasks across every audit stage including research and guidance from accounting standards, attribute and control testing, drafting financial statements and footnotes, and performing consistency checks and quality scans. The agents are touted by Tellen as dynamic learners, so as time goes on they will train themselves on Citrin Cooperman's proprietary data, policies and tech stack, creating a shared knowledge base that evolves with each engagement.
"We are proud to deepen our relationship with Citrin Cooperman as both a strategic investor and innovation collaborator," said Tellen CEO Deepak Lalit. "Citrin Cooperman's licensed CPA firm has been deeply engaged in helping us refine how AI can be applied within real assurance environments. Together, we are developing AI-native workflows designed to elevate assurance quality, improve operational efficiency, and modernize how firms deliver assurance services."
