This study tests the relative prices of exchange traded puts and calls. Some evidence of violation of the parity conditions are found, particularly in the period immediately prior to expiry of the options and in instances where the exercise price exceeds the market price of the underlying stock....

This study investigates the impact of mandatory adoption of international financial reporting standards on accrual reliability. Using a large sample of Australian firm-years drawn from before and after the mandatory adoption of international financial reporting standards, we find that accrual...