“…This study differs from previously issued studies on IFRS disclosure in Brazil: for example, Lima et al (2010) investigate 50 of the largest listed firms' disclosure compliance with some norms of the first transition phase (2008) to IFRS and found associations with influencing factors; and Maia and Formigoni (2011) measured a mandatory disclosure index which includes 72 disclosure items required by CPCs applied in 2008 and 2009. Other studies approach specific norms, either in the first initial transition phase (Santos & Calixto, 2010;Ponte, Luca, & Cavalcante, 2010a;Ponte, Luca, Oliveira, & Aquino, 2010b, Loureiro, Gallon, & Luca, 2011 or in the final full IFRS adoption phase (Mapurunga, Ponte, Coelho, & Meneses, 2011, among others). Also, a qualitative analysis on 16 accounting subjects, including disclosure, from 56 listed firms' financial statements after full IFRS adoption was presented by Ernest & Young and Fipecafi (2011).…”