Standards: the source of record

The auditor entry point. Six standards govern token, compute and inference spend across US GAAP and IFRS. Each carries its authoritative source, jurisdiction, scope and effective date so a reviewer can check this site against the real text.

The six governing standards

• ASC 350-40US GAAP

  Internal-use software: costs to develop or obtain software for the entity's own use

  Effective: In force; amended by ASU 2025-06 (effective for annual periods beginning after 15 December 2027)

  Source: [S7] FASB: ASU 2025-06, Intangibles, Goodwill and Other, Internal-Use Software (Subtopic 350-40): Targeted Improvements (issued September 2025; reproduces the amended ASC 350-40 text)

• ASU 2018-15US GAAP

  Implementation costs in a hosting arrangement that is a service contract (cloud computing arrangement)

  Effective: In force; effective for public business entities for fiscal years beginning after 15 December 2019

  Source: [S2] KPMG: Cloud computing implementation costs post ASU 2018-15

• ASU 2025-06US GAAP

  Targeted improvements to ASC 350-40; removes the project stages, keeps the funding-commitment and probable-to-complete conditions, and adds a significant-development-uncertainty assessment

  Effective: Annual reporting periods beginning after 15 December 2027, and interim periods within them; early adoption permitted at the start of an annual period

  Source: [S7] FASB: ASU 2025-06, Intangibles, Goodwill and Other, Internal-Use Software (Subtopic 350-40): Targeted Improvements (issued September 2025; reproduces the amended ASC 350-40 text)

• ASC 985-20US GAAP

  Software to be sold, leased or otherwise marketed; capitalization begins at technological feasibility

  Effective: In force

  Source: [S4] Weaver: Navigating internally developed software costs: U.S. GAAP vs tax treatment

• IAS 38IFRS

  Intangible assets, including internally generated intangibles; research phase expensed, development phase capitalized if six criteria are met

  Effective: In force

  Source: [S5] IFRS Foundation: IAS 38 Intangible Assets

• IFRIC 2021IFRS

  March 2021 agenda decision on configuration and customisation costs in a cloud computing arrangement under IAS 38

  Effective: Finalised by the Committee in March 2021; the Board did not object in April 2021

  Source: [S6] IFRS Interpretations Committee: Configuration or customisation costs in a cloud computing arrangement (IAS 38) agenda decision, March 2021

See how we cite for the StandardRef system and the standard-accuracy discipline.