EFRAG has also published the results of its field test on the application of IFRS 11, Joint Arrangements. Of the 26 responses, almost half again came from Italy but banks and insurers are replaced as the major sectors by energy and oil and gas. The responses suggest more changes in classification and accounting than implied by the lASB's own effects analysis published last year. However, the differences may be a result of the small sample and the effects on the particular entities that chose to take part in the EFRAG field test.
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