This study examines whether the COVID-19 pandemic affected accounting information in the US. We compare discretionary accruals and the explanatory power of earnings between 2019 and 2020. We document a significant increase in discretionary accruals from 2019 to 2020, suggesting that firms...

Reducing tax evasion is a key priority for many governments, particularly in developing countries. A growing literature has argued that the ability to verify taxpayer self-reports against reports from third parties is critical for modern tax enforcement and the growth of state capacity. However,...