The ethics of tax evasion has been discussed sporadically in the theological and philosophical literature for at least 500 years. Martin Crowe wrote a doctoral thesis that reviewed much of that literature in 1944. This paper begins with a review of the literature and identifies the main issues...

The U.S. SEC approved in December 2007 to accept financial statements prepared under IFRS as issued by the IASB without reconciliation to U.S. GAAP for foreign firms. Using a sample of foreign firms that use IFRS and reconcile to U.S. GAAP from 2005 to 2006, we find that earnings reconciliation...