Punchcard
Punchcard is a web-based audit platform that organizes client requests and tasks and helps prepare reviewable workpapers.
What Punchcard is
Punchcard is a web-based audit platform that organizes client requests and tasks and helps prepare reviewable workpapers. Teams can create structured evidence requests with selections, support types, and fields to extract. CoAudit reads evidence, extracts fields, runs procedures, and prepares workpapers linking results to reasoning and source citations. Each punchcard keeps the request, evidence, procedure, reasoning, citations, and reviewer sign-off together. CoAudit works across Punchcard, Excel, and Word. Its Workpaper workflow matches selections to supporting evidence, tests assertions with tolerances, and attaches reasoning traces and citations to cells. Financial Statement Review includes workflows for consistency, foot and crossfoot checks, prior-year comparison, disclosure checklists, spelling and grammar, and tick marks. Auditors can inspect citations and reasoning, validate or override results, comment, and sign off; professional judgment stays with the auditor. Punchcard serves CPA firms running assurance engagements and in-house operational, financial, and IT audit teams. The site invites prospective customers to book a demo and lists pricing on request.
Good
- Structured requests include selections and fields to extract.
- CoAudit prepares source-linked workpapers with reasoning.
- Reviewers can validate, override, comment, and sign off.
- Financial Statement Review includes multiple review workflows.
- Security details include TLS 1.3 and AES-256 encryption.
Watch out
- Pricing is available on request.
- The listed platform is web.
- A demo is the listed way to explore the product.
Who it suits
Punchcard suits CPA firms handling assurance engagements and in-house operational, financial, or IT audit teams. It is intended for auditors who want to organize evidence requests and prepare workpapers for human review.
Verdict
Punchcard combines audit request management with evidence analysis and reviewable workpapers. Its emphasis on citations and auditor sign-off makes the human review stage part of the workflow.
The facts
Each one read from Punchcard's own pages, with the date it was checked.
What it does
- Access controls
- The security page describes role-based access reviews, single sign-on, and mandatory multi-factor authentication for internal accounts.checked 8 Oct 2026
- Availability
- The public site invites visitors to book a demo and does not list plan prices on the opened product pages.checked 8 Oct 2026
- CoAudit
- CoAudit works across Punchcard, Excel, and Word to analyze evidence, perform procedures, and prepare source-linked workpapers.checked 8 Oct 2026
- Encryption
- The security page specifies TLS 1.3 in transit and AES-256 at rest.checked 8 Oct 2026
- Evidence workflow
- Each punchcard keeps the request, evidence, procedure, agent reasoning, citations, and reviewer sign-off together.checked 8 Oct 2026
- External audit customers
- The external audit offering is aimed at CPA firms running assurance engagements and includes structured client requests, evidence collection, substantive testing, and workpaper preparation.checked 8 Oct 2026
- Financial statement review
- Financial Statement Review ties balances to the trial balance, checks disclosure completeness, and identifies inconsistencies between notes and numbers.checked 8 Oct 2026
- Human review
- Auditors can inspect reasoning, validate or override results, comment, and sign off; the maker says professional judgment stays with the auditor.checked 8 Oct 2026
- Integrations
- The maker describes CoAudit working in Excel and Word and its changelog documents a Karbon integration.checked 8 Oct 2026
- Intended users
- Punchcard describes its users as CPA firms running assurance engagements and in-house operational, financial, and IT audit teams.checked 8 Oct 2026
- Internal audit customers
- The internal audit offering targets operational, financial, IT, and SOX-controls testing teams.checked 8 Oct 2026
- Product
- Punchcard organizes audit client requests and tasks, while CoAudit prepares reviewable workpapers with reasoning and citations.checked 8 Oct 2026
- Product support
- The site invites prospective customers to book a demo and bring a real client request or audit procedure for a walkthrough.checked 8 Oct 2026
- Request workflow
- Teams can create structured evidence requests with selections, support types, and fields to extract.checked 8 Oct 2026
- Review
- Auditors can inspect citations, validate or override results, comment, and sign off while retaining professional judgment.checked 8 Oct 2026
- Security
- Punchcard states it is SOC 2 certified and GDPR compliant, with TLS 1.3 in transit and AES-256 encryption at rest.checked 8 Oct 2026
- Security support
- Punchcard says it will acknowledge reports sent to [email protected] within one business day.checked 8 Oct 2026
- Support
- Punchcard says it will acknowledge reported security vulnerabilities within one business day and provide investigation updates.checked 8 Oct 2026
- Testing
- CoAudit reads evidence, extracts fields, runs procedures, and prepares source-linked workpapers with reasoning.checked 8 Oct 2026
- Workpaper testing
- The Workpaper workflow matches selections to supporting evidence, tests assertions with tolerances, and attaches reasoning traces and source citations to cells.checked 8 Oct 2026
The company
- Company
- Punchcard says its company, Substantive AI, is based in Provo, Utah; the company's LinkedIn page lists its founding year as 2023.checked 8 Oct 2026
- Headquarters
- Provo, Utah, United Stateschecked 28 Sep 2026
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