Manuela Dantas, Assistant Professor of Accounting at California State University Northridge, discusses the evolution, global adoption, and economic impact of IFRS, highlighting its role in improving transparency, comparability, and investor confidence. She explains key differences from U.S. GAAP, the challenges of principle-based standards, and the importance of strong enforcement. Dantas also outlines emerging priorities, including sustainability reporting and the growing influence of the ISSB.