The global accounting convergence and the potential adoption of International Financial Reporting Standards (IFRS) by the U.S. is a timely topic. We contribute to the literature by examining a more recent mandatory IFRS adoption by U.S.'s largest trading partner, Canada. Canadian GAAP (CGAAP)...

This paper examines whether book-tax differences help explain audit fees. By attesting to the fair representation of financial information, auditors are an important intermediary in financial statement users' trust and understanding of financial information. Our evidence that large book-tax...

Canada adopted IFRS in 2011 and firms were required to provide reconciliation from Canadian GAAP (CGAAP) to IFRS for the fiscal year before the adoption. We run a “horse race” of earnings quality between CGAAP and IFRS. Further, by making use of a natural experiment and a single country...