How JLK Rosenberger Audited 12,750 Pages of Bond Memos With Punchcard CoAudit
JLK Rosenberger is a Top-400 audit and tax firm with deep expertise serving the insurance industry, captive insurance carriers, and high-net-worth clients.
A new procedure that wouldn’t have been attempted
When a new classification standard landed for insurance investment bonds, JLK Rosenberger faced a procedure no firm reasonably runs by hand: read 12,750 pages of offering memoranda across 15 selections, identify relevant sections, and evaluate them against an auditor-developed classification framework.
Manually, that would be impractical within typical audit timelines. CoAudit made it routine.
CoAudit on the work
Paige Bassoli, an associate at JLK, structured the procedure as a workpaper with testing attributes mapped to the new classification standard and a column for the supporting quote in the offering memo. She wrote the linguistic formula once. CoAudit ran it across all 15 selections to surface relevant sections from each memo and linked them back to their source, with outputs reviewed and validated by the audit team.
From speed to scope
For JLK, the result wasn’t just faster — it was qualitatively different. CoAudit turned a procedure that wouldn’t have been attempted manually into a routine, reviewable, citation-linked workpaper. Speed, in this case, expanded the audit’s scope.
“CoAudit didn’t just make the work faster, it allowed us to do analyses that would have been resource intensive into an efficient audit procedure.”
Paige Bassoli
Associate, JLK Rosenberger