Financial reporting and automation solutions provider
The new offering, called Agentic Disclosure Checklist, uses Inscope's proprietary AI agent Penny to analyze completed financial statements, evaluate them against the applicable disclosure requirements, and produce a checklist from the result with every response linked back to the section of the statement that supports it. The final product is delivered inside the Inscope platform as a sub-document of the financial statement. Currently it covers U.S. GAAP under the FASB and SEC frameworks.
The Agentic Disclosure Checklist runs as a two-stage agentic process orchestrated by Penny, grounded in the content of the completed financial statement. It covers scoping, population and governance. When a checklist is initiated from a financial statement, the agent scopes it by analyzing the statements directly. It evaluates what appears on the face of the financials against what is disclosed in the footnotes, in both directions, to determine which disclosure requirements apply, then filters the full checklist down to the applicable items. Each scoping determination carries a confidence level: High where there is direct evidence in the statements, Medium where it is inferred from trends or assumptions, and Low where a default was applied because neither route was resolved. Medium and Low determinations are flagged for review.
After that, it evaluates each applicable checklist item against the financial statement content and pre-populates a response with rationale and a link to the supporting section. Because this involves complex sequential evaluation, it runs asynchronously as a background job that takes up to 30 minutes, with a notification sent on completion. Running it in the background was a deliberate design choice that prioritizes accuracy over an in-session wait.
Once this is done, it captures all activity in a checklist-level audit trail of state transitions, which records Penny, the AI agent, as a distinct actor alongside users and system processes. The consolidated timeline captures state transitions across the checklist lifecycle, recording, the event, timestamp, area and metadata. Sign-off becomes available once all topics are marked as reviewed, and is a deliberate user action confirmed through a modal. The final checklist exports to CSV in draft and final variants. The final export adds the sign-off reviewer and timestamp.
Collaboration is supported through sequential multiplayer editing, with commenting anchored to specific items. A checklist can be reopened and re-signed, but reopening a signed-off checklist is itself an audited transition, and prior sign-off records are never overwritten. Each financial statement has exactly one checklist, tied to that engagement, entity and period.
Inscope aims to replace disconnected PDF and third-party checklist tools with the product. By using it, firms, especially high-volume preparers, can apply the same methodology and process to every engagement, helping multi-office firms preerve consistency across teams and engagement types.
"For as long as I've been in this profession, the disclosure checklist has been a manual reconciliation between two documents that were never connected: the checklist and the financial statements it is meant to verify," said Mary Antony, co-founder and CEO of Inscope. "When you build the checklist on top of the financial statements instead of separately, every answer arrives with its evidence attached, and the work that's left for the team is the work worth doing. This is the way the disclosure checklist should have worked all along."
The announcement comes about six months after Inscope
