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Provisions, Contingent Liabilities and Contingent Assets (IAS 37) - IASB Research Project


The objective of the research project is to gather evidence to help the IASB decide:

  • whether to take on an active project to amend aspects of IAS 37 Provisions, Contingent Liabilities and Contingent Assets; and
  • if so, what the scope of the active project should be - which topics the IASB should address out of a range of matters raised with it in recent years.

The IASB has not yet decided what the output of this research project should be. But the IASB staff believes that if it reaches preliminary views in favour of major amendments to IAS 37, the most helpful output might be a Discussion Paper that:

  • sets out the various problems that it has considered; and
  • gives its preliminary views on whether and how IAS 37 should be amended to address each problem.

The changes that the IASB is proposing to its Conceptual Framework could have significant implications for any review of IAS 37. 

At its meeting in May 2016, the IASB decided to add this project to its research pipeline. The research pipeline consists of topics that the IASB thinks it should address, but which are not currently on its active research programme because the timing of the project being dependent on completion of another project or activity or because resources are not yet available. The IASB expects to begin work on projects in its research pipeline between 2017 and 2021.

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