Describe the transaction in plain words. MemoIQ scopes the issues, drafts each one with citations verified against the source text, and pauses only for the judgment calls.
Type what happened, or drop in the agreement. MemoIQ infers the topics, scopes the issues, and extracts the fact pattern before a word is drafted.
The AI reads your description, infers the ASC topics in play, extracts the fact pattern, and breaks the memo into the issues a reviewer expects to see addressed.
Threshold calls pause for you, or autopilot drafts through them and flags each assumption in the margin. Either way, nothing is decided silently.
When a conclusion needs a fact you have not given, the memo asks. Answer the open question and the conclusion tailors itself.
Structured classification tests render as decision trees the preparer walks, so the call stays yours and the path is documented.
A memo is a chain of small conclusions, so MemoIQ drafts it that way: focused retrieval per issue, the guidance quoted, the analysis applied to your facts, the conclusion stated. Then the whole chain is checked.
Each issue runs its own focused retrieval, then drafts the guidance to quote, the applied cited analysis, and the conclusion. The corpus behind it: 27 Big 4 handbooks indexed, 33K+ guidance passages, 23 ASC topics.
A second model checks every citation against its source text and strips what it cannot support. A claim without support never reaches your draft, and thin sources become open review comments.
A cross-issue consistency pass flags genuine contradictions between issues as margin comments. Nothing is edited silently: you see the conflict and make the call.
The same verification runs behind ResearchIQ, and how we handle your documents is documented on the trust page: uploads delete themselves after 24 hours.
The memo lives in Word once the audit starts. MemoIQ works the way the file actually moves: export, markup, response copy.
Review arrives as tracked changes with Accept and Reject, never silent mutations. You see every proposed edit before it lands.
Export to .docx with numbered references and quoted sources, so the memo can be checked outside the app.
Bring the returned .docx back in: Word comments and tracked changes are parsed and attached to the matching memo blocks.
Answer each comment and return a response copy with your edits shown as redlines, the way the file actually moves between you and the audit team.
Already have a draft? Import your own memo .docx and MemoIQ reviews it the same way: tracked changes in, your call on every edit.
Research the question before the memo exists; draft the footnote after it concludes. Every plan includes all seven tools.
The kind of question a memo answers, worked in the open with journal entries and the guidance cited.
A general chatbot writes one plausible essay in a single pass, with no way to check where any sentence came from. MemoIQ scopes the issues from your fact pattern, drafts each issue against retrieved Big 4 handbook and FASB guidance, and runs a verification pass that checks every citation against its source text and strips what it cannot support. Missing facts become open questions instead of invented ones, and a cross-issue consistency check flags contradictions between issues as margin comments.
That call always belongs to your auditors, so MemoIQ is built to be checked rather than trusted. Every conclusion carries citations verified against the source text, assumptions are flagged in the margin, Word exports include numbered references with quoted sources, and the auditor's returned comments can be imported and answered in redlines. Treat the output as a research starting point, not professional advice: a qualified professional reviews and owns the conclusions.
A plain-words description of what happened, or the agreement itself. MemoIQ infers the topics, scopes the issues, and extracts the fact pattern; anything missing becomes an open question that tailors the memo when answered. Documents you upload are processed for your session and automatically deleted 24 hours later.
Each issue's citations run through a verification pass that checks the cited claim against the exact handbook text it references: a claim the source cannot support loses its citation before the draft reaches you. Behind the memo sits the same corpus as the rest of GAAP IQ, 27 Big 4 handbooks indexed and 33K+ guidance passages across 23 ASC topics, with every claim cited to the exact page.
The Free plan is $0 and includes one memo to try, plus one research session, one disclosure, one policy, and two schedules. Professional is $149 per month, or $1,490 per year (two months free), with unlimited memos, autopilot builds, and AI review. Enterprise is $399 per month, or $3,990 per year, adding unlimited research sessions and priority support. No credit card required to start. Cancel anytime in Settings; all purchases are final.
The Free plan includes one full memo to try, drafted issue by issue with verified citations and Word export.
No credit card required