Automate the verification and validation of ESEF and iXBRL reports
AMANA XBRL Auditor is an auditing software for iXBRL reports, according to the European Single Electronic Format (ESEF Regulation).
The newly adopted ESEF standard for the presentation of financial statements poses an obligation on listed companies to publish their annual consolidated financial statements in iXBRL format. In many European countries, financial statements in ESEF format must be reviewed or audited before presentation.
The main challenge of auditing iXBRL reports is their technical validation, which consists of checking the tags selected by the report creator, and comparison of the traditional PDF format (PDF) with the new iXBRL format. Auditing of iXBRL reports is only possible with an appropriate certified XBRL tool.
AMANA XBRL Auditor supports:
Full and certified ESEF and iXBRL validation
Checklist with documentation and comments
Report and tag visualization, taxonomy extensions
Review of iXBRL report in read-only mode
Export of the audit report in Excel and Word
Full report in Excel
Line by line tag verification
The software works with all iXBRL reports, regardless of the tool used for their compilation. The machine-readable dataset is immediately validated and visualized and can be compared to the “human-readable” XHTML format.
The compliance check of the report is performed and confirmed with a single click, without any specific technical knowledge.
AMANA XBRL Auditor allows auditors to focus on the essentials: checking the actual XBRL tags and line items in the reports, taxonomy extensions and calculation base.
The tagging of the main financial statements can be checked or commented on a line-by-line basis from one version to the other.
The integrated checklist allows a complete audit to be performed, commented and documented by multiple users at the same time.
An automatic detection of changes for new versions of the ESEF report, as well as the comparison of XHTML and iXBRL, allows to quickly compare the changed reports, without having to repeat already checked items.
AMANA XBRL Auditor has been developed by the German software company AMANA.
Balkan Services is an official partner of AMANA since 2020.
Request a free demo of the software by contacting us here.