Valuation and Technical Accounting Manager

Thomson Reuters has launched the next generation of its CoCounsel Legal platform globally, adding a Multinational Profile that brings legal content from more than 100 countries and territories into a single workflow. The feature lets legal teams research cross-border questions, compare key differences, flag issues that may need local advice, and trace each finding to its source. It draws on the company's legal content and vetted official sources. The upgraded platform is available now in the UK. It is expected in countries including Australia, Brazil, Canada, Singapore, and the United Arab Emirates by the end of October 2026, and will reach customers in more than 90 countries and territories during 2026. The Multinational Profile will roll out in the US, Europe, UK, Canada, and Australia throughout October.

AI council launches finance certification in Singapore. Tue, 13th Oct 2026 (Today) The AI Assurance Council has opened examinations in Singapore for its Certified AI in Finance & Accounting credential. The launch reflects survey data on rising AI use in the profession and limited formal training. The certification is designed to test whether finance and accounting professionals know when to rely on AI output, when to verify it, and when to escalate concerns. Candidates will sit a remotely proctored two-hour exam based on applied scenarios rather than knowledge of individual tools. Two levels are available. Fundamentals is aimed at finance and accounting professionals who use AI in analysis, close, and reporting. Professional is aimed at senior finance leaders responsible for decisions about how AI is used in their functions. Each credential is valid for two years and appears on a public register that employers can check. Fees are USD $695 for Fundamentals and USD $895 for Professional, and a video course is included for candidates. Training gap The launch follows a series of surveys suggesting AI adoption in finance is outpacing workforce preparation. Research by Chartered Accountants Worldwide and Ipsos, published by the Institute of Singapore Chartered Accountants, found that 89% of Singapore accounting professionals expect AI to significantly change how they do their jobs within five years. The same survey found that 34% said the value accountants provide could be replaced by automated systems. Only 45% of respondents said they had taken part in AI training through their employer, while 51% cited a lack of skills and training as the biggest barrier to AI adoption in the profession. Another recent marker came from Gartner, which said low AI literacy is now "the most significant barrier" finance leaders must address. The concern comes as AI is increasingly used in work that can feed into forecasts, reconciliations, and disclosures reviewed by auditors, audit committees, and regulators. Workiva's 2026 survey of 2,272 finance, risk, and sustainability professionals pointed to a similar tension. It found that 84% of executives said they were at least somewhat confident in AI output without human review, yet 26% said internal audits had caught AI errors that reached boards or external audiences. Regulatory backdrop The certification launch also comes against Singapore's regulatory backdrop. Proposed guidelines from the Monetary Authority of Singapore on AI risk management would require financial institutions to ensure that their internal expertise matches the AI systems they use. That focus on oversight has become more prominent as finance teams use AI in work that may ultimately support external reporting or internal control processes. The issue is less about whether AI is present in finance functions than about who is accountable when its output is wrong. The AI Assurance Council was founded by Danny Heng and Durga Rajesh R, the organisation's Director of Assurance and Technology. According to the organisation, Heng previously worked in finance software sales across Asia Pacific at BlackLine, Thomson Reuters, and Epiq. In the announcement, Heng linked the new certification to changes he had seen in finance teams as automation spread. "I've seen both sides of automation in finance. Processes got faster and more accurate, and some of the people who used to do that work were no longer needed," said Danny Heng, Executive Director, AI Assurance Council. "AI is doing the same thing again, faster and to far more roles. The professionals who stay valuable will be the ones who can look at what AI produces and tell when it's wrong. Right now they have no way to prove that. This certification gives them one." According to the council, Rajesh came to the issue from an engineering background after building AI agents, retrieval systems, and blockchain infrastructure for regulated financial firms operating under Singapore's technology risk rules. It said that experience shaped its focus on evidence, verification, and documented judgment rather than tool familiarity alone. The council describes itself as an independent certification body focused on the use of AI in professional work, starting with finance and accounting. It aims to address the absence of a shared standard for deciding when AI-generated work can be relied on, when it should be checked more closely, and when it should be escalated. Alongside the paid exams, the organisation has also opened a free AI Readiness Check for public use. The short assessment is intended to give finance professionals an initial view of their preparedness to work with AI in their roles.

Thomson Reuters sued over Casetext acquisition, integration. October 2, 2026, 11:46 am CDT Thomson Reuters is facing a purported antitrust class action lawsuit over its massive $650 million acquisition and integration of Casetext into its Westlaw system. (Image from Shutterstock) Thomson Reuters is facing a purported antitrust class action lawsuit over its massive $650 million acquisition and integration of Casetext into its Westlaw system. In an Oct. 1 complaint filed with the U.S. District Court for the Northern District of California, the Rubin Law Office alleged that Thomson Reuters violated state and federal antitrust law by purchasing a lower priced competitor and then folding it into its more expensive ecosystem, forcing Casetext users to pay more per month. Calling Casetext a "nimble, budget-conscious horizontal challenger" to Westlaw, the Rubin Law Office accused Reuters of executing a "killer acquisition" that was designed to get rid of a competitor. Casetext famously launched its generative artificial intelligence-powered legal research tool CoCounsel on MSNBC's Morning Joe in March 2023, setting off an AI arms race in the legal industry. "Faced with immediate technological obsolescence and a profound threat to its structural market moat, [Thomson Reuters] did not compete on the merits," the Rubin Law Office, based in Carlsbad, California, said in its complaint, adding that Thomson Reuters' technological capabilities before buying Casetext were "lagging," and that Westlaw "lacked any standalone or integrated generative AI capabilities." "They did not spend the years or capital required to organically build a comparable large language model application layer. Instead, Defendants used their massive capital reserves to short-circuit the competitive process," according to the complaint. According to the complaint, after the Casetext acquisition and integration into Westlaw, the Rubin Law Office went from paying $32.50 per month for Casetext to $111.48 monthly for Westlaw Classic, complete with a three-year mandatory subscription with annual 4% increases built in. "By permanently removing the independent Casetext alternative from the legal ecosystem, Westlaw eliminated the downstream contract-negotiation leverage and pricing discipline that historically suppressed Westlaw's standard contract rates. Free from the threat of user defection to Casetext, Westlaw has been empowered to maintain and escalate its standard baseline subscription fees at artificial, supra-competitive levels across its entire domestic customer base," the law firm stated in its complaint. The antitrust complaint is requesting that the court certify a class action on behalf of users throughout the country, as well as a subclass of California-based users. It is also requesting treble damages under the Clayton Antitrust Act and the California Business and Professions Code, as well as an order for Thomson Reuters to divest, spin off or reestablish Casetext as an independent company. Thomson Reuters did not respond to a request for comment from the ABA Journal. A spokesperson told Bloomberg Law that "Thomson Reuters has not been served with any complaint related to this matter." "Until we have received and reviewed any such filing, we are not in a position to comment," the spokesperson said to Bloomberg Law. Discover more Consult Lawyers Legal News Subscription Court Case Updates