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Orbital Parallax

A defensible IFRS / GRAP technical review in minutes, not hours.

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

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

orbitalparallax.com/...
Parallax.

ACME Ltd

FY2024 · Consolidated · IFRS

In Review
✓
✓
✓
4
5
6

12

Checks

2

Fail

3

Flag

7

Pass

IAS1-112 Missing maturity analysis of financial liabilities in notes. Fail
IFRS16-47 ROU asset reconciliation missing opening balance sub-total. Flag
AI-REVENUE Revenue +34% YoY but operating cash flow down 12%. Possible recognition timing concern. AI
7 of 12 checks complete · AI review queued Processing

Upload a PDF, nothing else

No reformatting, no field mapping, no templates.

Structured review ready in minutes

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

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.

01 · Organise

Your portfolio, one place

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

Parallax.

Orbital Bedrock

Companies

ACME Ltd

South Africa

IFRS

3 statements · 2 signed off

View statements
Edit Delete

ACME Capital

United Kingdom

IFRS SME

1 statement · 1 in review

View statements
Edit Delete

Add company

02 · Process

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.

Parallax.

ACME Ltd

IFRS (Full) · South Africa

3 statements · 2 signed off · 1 pending sign-off

Mar 2024 Pending sign-off

Period ended 31 Mar 2024 · Uploaded 12 Feb 2025

2 failed · 3 flagged · LlamaParse · ZAR

Mar 2023 Signed off

Period ended 31 Mar 2023 · Uploaded 08 Apr 2024

1 flagged · LlamaParse · ZAR

Mar 2022 Extracting

Uploaded 21 Mar 2025 · LlamaParse · ZAR

03 · Review

Every finding, paragraph-referenced

Every finding is cited to the exact IFRS paragraph. Your reviewer accepts, escalates, or dismisses each one. Sign-off generates a timestamped, immutable PDF report: a defensible record of who reviewed what, and when.

Parallax.

ACME Ltd · Mar 2024

IFRS · FY2024 Consolidated · Pending sign-off

2 failed · 3 flagged · 7 passed · 2 AI findings

IAS1-112 Maturity analysis of financial liabilities absent from notes. Fail
IAS1-134 Capital management objectives not disclosed. Fail
IFRS16-47 ROU asset reconciliation missing opening balance sub-total. Flag
AI-REVENUE Revenue +34% YoY but operating cash flow down 12%. Possible recognition timing concern. AI
IAS7-18 Cash flow method disclosed. Direct method applied consistently. Pass

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. Your reviewer decides; Parallax records the outcome.

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 · in development 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.

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