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...

We find that even though ethnic minority audit partners (those of Asian, Black, or Hispanic origin) represent a low proportion of U.S. audit partners, audit partner ethnicity is significantly related to several important audit phenomena. Consistent with the homophily principle, ethnic minority...

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)...

While non-U.S. auditors audit a significant proportion of U.S.-based clients, until recently, lenders were largely unaware of the involvement of component auditors since the U.S.-based lead auditor was not required to disclose information about participating auditors. Using the disclosure under...