Due to the instability of many foreign governments, IFRS 11 disallows joint arrangements with governments; entities are instead directed to reference IFRS 12 on unconsolidated structured entities.

Question

Quizplus · Accepted Answer

IFRS 11 does not specifically disallow joint arrangements with governments due to the instability of foreign governments. It provides guidance on the accounting for joint arrangements without making distinctions based on the nature of the other parties involved, including governments.

Due to the Instability of Many Foreign Governments, IFRS 11