The Inspector is now both a conversion and ESEF report audit tool
The initial scope of the ParsePort XBRL Inspector was to let auditors view and audit reporting packages in the iXBRL format. This way, we were allowing them to access all necessary information in a reporting package to get a clear view of everything that has been reported.
Today, the ParsePort Inspector tool also features the "Convert" function which enables you to convert your documents to the iXBRL format and subsequently, analyze (audit) the output immediately.
In this article you will get an introduction on how to use the ParsePort XBRL Inspector, which has been made available for free to European auditors as well as all ParsePort customers. If you have any questions regarding the ParsePort XBRL Inspector, you can register for one of the ParsePort Q&A Webinars about the Inspector.
Please use this link to download the ParsePort Inspector User Manual
You can watch the video below to get a thorough demonstration on how to use the ParsePort XBRL Inspector. If you have any questions after watching the video, you can sign up for one of the ParsePort Q&A Webinars to learn more.
- Start by importing reporting package by selecting the reporting package and click upload file. The ParsePort XBRL Inspector can handle zip files containing iXBRL packages as well as XHTML files from companies that aren't required to publish their annual reports in ESEF.
- When you upload a file, it is automatically validated by the ParsePort XBRL Inspector, and after the upload is complete, you are automatically taken to the validation window.
- Afterwards you can download a viewer file, a fact list and an extensions list. You can watch the video above for a full demonstration of the ParsePort XBRL Inspector.
How to Use the ParsePort XBRL Inspector to convert your iXBRL-file
- Start by navigating to inspector.parseport.com where you can use your credentials to log in;
- After logging in, you need to click the menu item labelled Convert;
- Click Select file(s) and find the PDF version of your annual report along with the Excel file containing the simplified tags and your financial statements before clicking OK;
- You then need to make sure the Validate file box is ticked (unticking this box will increase the conversion speed, but you will not have access to the validation sheet afterwards);
- At the same time, you need to make sure that the check box for Use dev environment is left off. Checking this box may result in errors during conversion;
- Finally you can click Upload File;
- After the conversion is complete you will be taken to the validation sheet where you can see if there are any errors within the report;
- When you want to download your ESEF file, simply click the ZIP Icon in the top right corner on the validation page.
Features of the ParsePort XBRL Inspector
The ParsePort XBRL Inspector has a number of features which make it easier to view and audit iXBRL files.
- Conversion: Convert your Excel Template alone to check for mapping errors. Once your mapping is in place, upload your Excel Template along with your PDF file to generate a full ESEF Report. You can also upload your PDF file alone and convert it to the xHTML format thus meeting the requirements for companies who do not have to file tagged, consolidated financial statements.
- Validation: When you upload an ESEF file to the Inspector it is automatically validated against the taxonomy.
- Review: The ParsePort XBRL Inspector gives you the ability to review custom taxonomy trees, anchorings, and calculations.
- Comparison: You can use the ParsePort XBRL Inspector to compare different taxonomy packages on facts, presentation and calculation.
- Lists: The ParsePort XBRL Inspector gives you the ability to import, create and export lists of taxonomy element or extension used within the uploaded iXBRL file.
- Visual Representation: With the ParsePort XBRL Inspector you can import and create visual representations of XBRL elements used within the reports and visually represent the calculation link base.
- Generate Viewer Files: With the ParsePort XBRL Inspector you can generate an iXBRL viewer file from the .zip package to review the tagging details and the visual representation at the same time.