.... Our findings are of potential interest to U.S. cross-listed firms contemplating the use of IFRS, investors interested in learning about the costs of using different accounting standards, regulators concerned about the audit cost of requiring IFRS in the U.S. audit market, and academics investigating...

...Li Fang; Jeffrey Pittman; Yinqi Zhang; Yuping Zhao SUMMARY Prior research provides some evidence that strict corporate monitoring constrains financial misreporting. We examine whether the efficacy of various corporate monitoring mechanisms hinges on the nature of accounting standards—rules-based...