IFRS · GRAP · IFRS for SMEs

A defensible technical review in minutes.

Parallax gives your senior managers a structured, citation-backed technical accounting review on every engagement, without a specialist on every file. Your team applies the judgement. Parallax runs the systematic process.

No credit card required · 41 IFRS standards · GRAP · IFRS for SMEs

1 PDF

Upload a PDF, nothing else

No reformatting, no field mapping, no templates.

7 stages

Structured review ready in minutes

Every engagement follows the same seven-stage process, automatically.

cited

Defensible, paragraph-referenced findings

Every check cites the exact IFRS paragraph. Signed off as a timestamped PDF report.

How it works

A consistent financial statements review methodology, every time.

The same structured process on every engagement. No setup, no field mapping, no templates.

01Organise

Your portfolio, one place

Add companies and assign each to the right accounting framework. Parallax keeps all their statements, reviews, and history neatly together.

  • One framework per company, routed automatically
  • Teams share access without sharing logins
02Process

Upload once, review in minutes

Upload a PDF and Parallax runs the full process: structured extraction, IFRS disclosure checklists, cross-statement tie checks, and qualitative red flag analysis. Your senior manager picks up a structured, prioritised set of findings to review.

03Review

From finding to reviewer decision

Disclosure findings carry their IFRS references and supporting evidence. Your reviewer keeps, dismisses, or reclassifies each one. Sign-off generates a timestamped, immutable PDF report: a defensible record of who reviewed what, and when.

Capabilities

A systematic process your whole team can follow

Standardised methodology, paragraph-referenced findings, and a signed-off PDF report, built for teams that need structured IFRS coverage without a specialist on every file.

AI

Structured AI extraction

Parallax extracts every line item, total, and disclosure note from your PDF into a validated, structured schema. No manual data entry. No copy-paste errors.

statement_of_financial_position
  total_assets: 42 840 000
  total_liabilities: 18 320 000
  equity: 24 520 000
Deterministic

Disclosure checklists

Rule-based checkers cover all 41 IFRS standards across six implementation phases, entity-gated so you only see findings relevant to the entity under review. Hard fails for clear violations, soft flags for professional judgement. Also supported: GRAP (South Africa).

Maturity analysis absent ECL methodology not described ROU asset reconciliation incomplete Going concern basis not explained Revenue policies disclosed
Anomaly detection

Cross-statement tie checks

Automatically reconciles totals across statements and flags ratio anomalies. Catches the errors that slip through manual review.

XSTMT-1  Net profit ties to equity movement
XSTMT-3  Cash closing balance reconciliation
RATIO-2  Current ratio outside expected range
AI

AI red flag analysis

A second analysis pass surfaces qualitative concerns (disclosure quality, policy language, emerging judgement areas) that deterministic rules cannot catch. These are findings for your reviewer to evaluate, not conclusions.

AI-REVENUE  Revenue recognition policy ambiguity
AI-IMPAIR  CGU impairment disclosure gaps
AI-GOING-CONCERN  Going concern language review
Frameworks

Built for IFRS. Ready for what comes next.

IFRS (IASB) GRAP (ASB South Africa) IFRS for SMEs IPSAS · coming US GAAP · coming UK GAAP (FRS 102) · coming Australian GAAP (AASB) · coming

See your financials from a different angle.

Your next IFRS or GRAP engagement doesn't need a specialist on standby. Upload a PDF and see what a structured first-pass review looks like.