From your fact pattern to a fully referenced, audit-ready IFRS position paper.
Rescript works the way a Senior Technical Accounting Manager would. Gathering context, asking the right questions, identifying the right standards, and producing a paper that holds up under scrutiny.
Contracts, prior period memos, accounting policies, KPI definitions, audit committee reports. Rescript ingests what a senior reporting team member would read before forming a view. Entity type, industry, reporting framework, and materiality all shape the analysis before a single question is asked.
Context a generalist AI cannot replicateBefore generating a single question, Rescript extracts relevant contract clauses, maps them to the applicable IFRS standards, and identifies which standards are engaged. The clarification questions that follow are grounded in your specific documents, not generic IFRS checklists.
Clause extraction, not keyword searchRescript generates clarification questions from your specific fact pattern and documents. Each question carries an accounting rationale explaining why it matters, with answer options calibrated to your transaction. Where facts are uncertain, state an assumption. It will be disclosed in the paper.
Questions a Big 4 manager would askRescript confirms which IFRS standards apply to your fact pattern and explains why, including standards considered and not engaged. Every routing decision is visible and auditable. No silent assumptions, no unexplained outputs.
Transparent reasoning, auditable at every stepConclusion-led, verbatim IFRS citations, working assumptions flagged explicitly. Every paragraph reference maps to the authoritative standard text, not a paraphrase or a recalled approximation. Research, drafting, and review cycles that previously took days, completed in hours. Not a starting point. A near-final draft.
Audit-file quality from first generationConclusion-led. Structured to audit-file standard. Written in the register of a senior technical accounting memo, with verbatim IFRS citations and working assumptions disclosed throughout.
↓ Download Word (.docx) – formatted for the audit file, ready for senior reviewer annotation.
The paper shown is a representative output generated by Rescript for an illustrative fact pattern.
| Prepared by | Group Financial Controller |
| Applicable standards | IFRS 15, IAS 10 |
| Paper reference | HES-FY25-PvA-01 |
| Version | Draft for Review |
Management concludes that Hartwell Energy Services plc acts as principal in its inspection service contracts across both the North Sea and West Africa portfolios. Revenue is recognised at the gross contracted day-rate per inspection event, with subcontractor costs presented within cost of sales.
"The conclusion rests on three independently substantiated judgements. All three principal indicators in IFRS 15.B37 are met: Hartwell bears full quality and completion responsibility at its own cost if a subcontractor fails (IFRS 15.B37(a)); Hartwell bears the service-delivery equivalent of inventory risk (IFRS 15.B37(b)); and Hartwell prices the day-rate independently of subcontractor cost (IFRS 15.B37(c))."
The agent alternative was considered and rejected. Under that treatment, only the net margin between the day-rate and subcontractor costs would be recognised as revenue. That characterisation is inconsistent with the contractual substance: Hartwell does not earn a commission for arranging a service that a subcontractor delivers directly to the operator. The operator has no relationship with any subcontractor; the entire performance obligation rests with Hartwell. Management is satisfied that no feature of the arrangement displaces the principal conclusion. Two monitoring points arise. First, the working assumptions underpinning the analysis should be confirmed by reference to executed contracts before this paper is finalised...
continues through sections 2 to 11 below
Rescript was built against real Big 4 audit-quality output, calibrated to the standard a technical accounting review team would apply when assessing a position paper in the file. Not a general notion of quality. The specific standard.
Leadership experience across Big 4 Audit and FTSE Corporate Reporting
Built by practitioners who have prepared and reviewed technical accounting papers on both sides of the audit relationship. The tool reflects what that experience teaches about what holds up under scrutiny.
Fabricated IFRS paragraph references have caused real professional embarrassment for teams relying on generalist AI tools. Rescript cites IFRS by design, not by recall. Every paragraph reference is verified against the authoritative standard text. Nothing is approximated and nothing is silently filled.
Citations are either verified against source text or flagged for independent review in the appendix. Nothing is approximated.
Request a demo and see Rescript generate an audit-ready position paper against an illustrative scenario. No real data required.