Research into assets and liabilities
07 Jun 2019
In October 2016, the third IASB Research Forum was held in Waterloo, Ontario, Canada. One of the papers presented was 'Assets and Liabilities: When do they Exist?'. IASB discussant of the paper was Board member Mary Tokar. The paper has now been finalised and published together with the discussion by Ms Tokar.
The paper investigates whether the current references to probability in standard setters' conceptual definitions of assets and liabilities cause individuals to believe that the probability of a future transfer of economic benefits must be above some meaningful threshold for an asset or a liability to exist.
Please click for the following additional information:
- Access to the paper in the Wiley online library (includes response by Ms Tokar, access beyond the abstract not free of charge)
- Access to an earlier version of the paper (February 2018) on SSRN (free of charge)
- Response by Mary Tokar on the IASB website
- Recordings of the research forum including the presentation of the paper and the discussion (sponsored by the Accounting Standards Board of Canada)
