Samjong KPMG Launches 'XBRL Master' to Automate XBRL Disclosure Process

Enhancing Both Disclosure Quality and Operational Efficiency for Enterprises

Samjong KPMG announced on December 1 that it has completed the development of "XBRL Master," an Excel-based XBRL automation solution that significantly automates companies' international standard digital language (XBRL) disclosure preparation work and improves disclosure quality.

With the launch of XBRL Master, the functionality of Samjong KPMG's "Smart Reporting Solution (SRS)" has been further enhanced, creating a fully integrated automation environment that covers the entire process of closing accounts and preparing disclosures.

XBRL Master is a solution developed based on Samjong KPMG's years of accumulated experience in disclosure and audit. It automates the entire process from XBRL structuring (mapping), tagging, to validation, enabling companies to improve both productivity and accuracy. Since it operates as an Excel add-in, it offers excellent accessibility and convenience, and ensures stable quality even when disclosure deadlines are tight.

Notably, the introduction of features such as "XBRL Finder" for easy taxonomy search, "Mapping Template" for use during the structuring process, and "Annotation Preview," which allows users to check structuring results without opening the XBRL editor, have greatly improved efficiency at the structuring stage.

The tagging process has also been automated using RPA technology. Annotations and amount information entered in Excel are automatically reflected in the XBRL editor, and a version control feature for tagging records by comparing changes between files has been implemented.

Additionally, XBRL Master supports the extraction of original information from IXD files to review the appropriateness of structuring, and enables users to compare the main text, annotation structuring details, and tagging information on a single screen, dramatically shortening the review process.

Furthermore, quality control functions have been enhanced, including the ability to check tagging consistency between XBRL reports and DSD content on a single sheet, compare data in business reports, and review reversed sign items, thereby significantly reducing the risk of errors throughout the XBRL process.

With the completion of XBRL Master, Samjong KPMG's Smart Reporting Solution (SRS) has established itself as a more complete integrated automation platform. SRS is a solution designed to streamline companies' financial reporting work and consists of Reporting Master, Footing Master, and XBRL Master.

Among these, Reporting Master supports the simultaneous creation of DSD documents for electronic disclosure and report validation within Excel. It automatically verifies errors that are easily overlooked by humans, such as sum discrepancies or unit errors, meaningfully reducing the possibility of disclosure mistakes. Features such as document table of contents, dashboard, and version comparison enhance version control for frequently revised reports, allowing finance teams to focus on more strategic work.

Footing Master is a solution that incorporates the verification logic actually used by Samjong KPMG's audit experts, enabling direct verification of sums and figures from DSD files without any processing. Major verification procedures such as sum checks, annotation reconciliation, and prior year reconciliation are automated, allowing accurate disclosure preparation even under tight schedules. Collaboration efficiency within teams is also greatly improved through features such as revision comparison and automatic generation of verification result reports.

Samjong KPMG stated, "As the demand for disclosure quality increases and the financial reporting environment becomes more complex, building an automation-based system is essential. XBRL Master is a solution that fully automates the XBRL disclosure preparation process, enhancing both efficiency and accuracy, and further strengthens the completeness of the SRS platform." The company added, "We will continue to provide technology-based solutions to support innovation in our clients' closing and disclosure work."

This content was produced with the assistance of AI translation services.