What AI Model Valuation (IAS 38) requires
IAS 38 Intangible Assets, issued by the IASB, governs the recognition, measurement, and disclosure of intangible assets including internally developed AI models, training datasets, and software. An intangible asset must meet strict recognition criteria: identifiability, control, and probable future economic benefit. Development-phase AI expenditure may be capitalized only after technical feasibility is established under all six IAS 38.57 criteria, while research-phase costs must be expensed immediately. Failure to correctly distinguish research from development phases, or to apply impairment testing under IAS 36, results in materially misstated financial statements and potential regulatory action by securities authorities.
Pillar: Banking & Global Finance · Authority: IFRS Foundation / IASB · Version: 1.1.0 · Last updated:
Primary source: https://www.ifrs.org/issued-standards/list-of-standards/ias-38-intangible-assets/
SHA-256 integrity: b92037e3dd581eb6dd4276f206238c9daa4356dd0bb2127cbc8cbfd7a08dbacc
Primary Citations — 8 traced to source
- IAS 38 Intangible Assets - Paragraphs 54-67 (Recognition Criteria)
- IAS 38 Intangible Assets - Paragraph 57 (Development Phase Capitalisation - Six Criteria)
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