The proposed roadmap to the adoption of International Financial Reporting Standards (IFRS) by the U.S. Securities and Exchange Commission (SEC) in November 2008 was the most recent indication that the U.S. will not stay away of the IFRS, when the rest of the world is fully embracing them. The recent declarations of the newly-appointed SEC commissioner indicates potential delays in the adoption of IFRS by the SEC and, at least, until 2011 (as it is currently drafted in the proposal), no decision will be made on this matter. With such delays and uncertainties, you may wonder why now there is still a need to train and educate people on IFRS. Such a view is shortsighted because not only does training take time, but also 2011 is not that far, and a lot of companies are already using IFRS on a regular basis: consolidation of foreign subsidiaries, cross-border M&A activities, benchmarking with the competition and others.