Paper Title
Transition to International Financial Reporting Standard and Compliance of Disclosure

Abstract
This study investigates the level of compliance with disclosure requirements of International Financial Reporting Standards (IFRS) and ultimately the quality of financial statements. The extent of compliance is based on 8 standards which include IFRS 8, IAS 16, IAS 18, IAS 24, IAS 23, IAS 37, IAS 33 and IAS 38. The 8 selected standards appear to be the most important and controversial in previous studies. The disclosure level is based on the analysis of annual reports of 100 Thai firms listed on SET in 2015. Based on standards used by previous studies, this study uses the ‘dichotomous’ approach whose score is calculated for each sample firm. Our findings suggest that firms do not totally comply with the disclosure requirements of IFRS. Our findings indicate that the average compliance rate under the dichotomous approach is 75.93%.This study can be of interest to accounting regulators who set disclosure requirements and capital market participants by providing indication regarding Thai firms' compliance with IFRS disclosure requirements. Keywords- IFRS, Mandatory Disclosure Requirements, Compliance and Disclosure