The objectives for which the Association is established are as follows:
- To study and propagate the theory and applications of Reliability and Statistics.
- To promote, sponsor and undertake research on the different aspects of Statistics in general and Reliability in particular.
- To organize conferences, seminars, workshops, meetings and discussion groups in pursuance of the above objectives in different parts of the country.
- To confer titles, diplomas, certificates and other academic and professional qualifications.
- To sponsor, institute or awards, research scholarship, fellowship, prizes and training schemes.
- To establish and maintain in whole or in part agencies or institutions to promote the above objectives.
- To publish books, monographs, journals, newsletters, occasional papers, etc. in the interest of promotion of the above objectives.
- To raise funds by way of subscriptions, loans, grants for achievement of the above objectives.
- To invest the money of the Association, not immediately required, in such securities and in such manner as may from time to time be decided.
- To be affiliated to any other institution, association or society having objectives wholly or in part similar to any of those of the Association and to co-operate with any person or persons in pursuance of such objectives.
- To make IARS as the most competent professional body to cater the requirements of Statistics Professionals and Reliability Engineers.
- To make rules and regulations etc. for carrying out the aforesaid objectives of the Association and to alter, cancel and/or modify the same in such manner as the Association deems fit.