Validating traces with XML

Hello

Im investigating the possibilities to verify stdout traces using xml. 
My intention is to first copying the traces into an XML scheme. 
I suppose I need to script/code this translation. The ready 
trace-xml I would then like to compare with a reference-xml file. 
The comparison results in a report indentifying what is different 
in the trace-xml from whats in the reference-xml file.

Is this a good approach or can anyone of you think of a smoother 
way of producing a report like mentioned above?

Best regards
Johan