Following a rigorous nominations process, the International Federation of Accountants® (IFAC®) today announced the appointment of Monica Foerster as Chair of the Small and Medium Practices (SMP) Committee. The IFAC Board approved the appointment for a three-year term beginning January 1, 2017.
As SMP Committee Chair, Ms. Foerster will play a key role in directing and representing IFAC’s work to support the SMP/small- and medium-sized entity (SME) sector worldwide. The SMP Committee provides strategic advice to IFAC and undertakes activities in three main areas: input on international standards development to help ensure their proportionality and scalability to the sector; developing and sharing practical guidance and resources; and raising awareness of the value of SMPs/SMEs worldwide.
Ms. Foerster comes to her new role having previously served as SMP Committee Deputy Chair (2015-2016) and as a member since 2014. With over 20 years of experience in the accountancy profession, Ms. Foerster is currently a partner at LEA member firm Confidor—an accounting, tax, and law firm—and SMP Director and Working Group coordinator at the Instituto dos Auditores Independentes do Brasil (Ibracon), an IFAC member organization. Additionally, she is a Counselor at the Brazilian Accounting Council (CRCRS).
IFAC is the global organization for the accountancy profession, dedicated to serving the public interest by strengthening the profession and contributing to the development of strong international economies. It is comprised of more than 175 members and associates in more than 130 countries and jurisdictions, representing almost 3 million accountants in public practice, education, government service, industry, and commerce.