How could I respond to the below discussion board?

a. International Accountings Standards Board (IASB) is a board with independent group of accounting experts that set IFRS standards that are used to prepare, audit, create financial statements, headquartered in London, UK, and followed by many nations globally.

b. Using these standards can simplify investment decisions, simplifies disputes between entities, helps multinational companies to spread globally instead of using local accounting standards, and ethics compliance

c. In my research I discovered that the IASB represents present value as one of the measurement bases in financial statements, however SFAC tells that the present value techniques should be used to estimate fair value and recommends using an expected cashflow approach.

Another impact is combining GAAP and IFRS. IFRS is more dynamic, and is revised continuously, however GAAP is not and US adapted GAAP.

So, adoption is the way to achieve single set of financial standards, that is based on IASB and FASB that have publicly endorsed.