Representing Small Practices—Key Priorities for the SMP Committee

Monica Foerster | March 6, 2017 |

In her new role as Chair of the IFAC Small and Medium Practices (SMP) Committee, Monica Forester discusses some of the key projects underway and upcoming to further support the important work of SMPs, and the work they do in support of small- and medium-sized entities (SMEs). The main activities areas are:

1. Provide regular and timely input to the international standard-setting process to help ensure the stability, relevance, and proportionality of international standards to SMEs and SMPs;

2. Develop and share practical guidance, tools, and resources with a focus on the implementation of international standards, practice management, and business advisory services; and

3. Globally represent and advocate for SMPs by promoting the visibility and recognition of SMPs and SMEs worldwide.

In addition, Ms. Foerster highlights current projects to update the Guide to Practice Management for SMPs and Guide to Using the ISAs in the Audit of SMEs and emphasizes the importance of emerging trends in technology and the value of the Global Knowledge Gateway as a knowledge sharing mechanism.


Monica Foerster


Partner at Confidor, Chair of IFAC's SMP Advisory GroupMonica Foerster became Chair of the IFAC SMP Advisory Group (SMPAG) in 2017, after serving as its Deputy Chair. A SMPAG member since 2014, she was nominated by Conselho Federal de Contabilidade (CFC) and Instituto dos Auditores Independentes do Brasil (IBRACON). With 20 years of experience in the accountancy profession, Ms. Foerster is a partner at Confidor, an accounting, tax, and law firm with offices in Porto Alegre and São Paulo, Brazil. Monica is currently a member of the Board of Directors of Ibracon Brazil (where she was the SMP Director and coordinator of the SMP Working Group for 6 years), and a board member at the Accounting Council (where she was also the coordinator of the Committee of Audit Studies (CRCRS) for 4 years. Monica holds an MBA in financial management, controllership and audit from the FGV – Fundação Getúlio Vargas, Brazil, and a degree in accounting from the Universidade Federal do Rio Grande do Sul – UFRGS, Brazil.  See more by Monica Foerster


Join the Conversation

To leave a comment below, login or register with


Thank you for your interest in our publications. These valuable works are the product of substantial time, effort and resources, which you acknowledge by accepting the following terms of use. You may not reproduce, store, transmit in any form or by any means, with the exception of non-commercial use (e.g., professional and personal reference and research work), translate, modify or create derivative works or adaptations based on such publications, or any part thereof, without the prior written permission of IFAC.

Our reproduction and translation policies, as well as our online permission request and inquiry system, are accessible on the Permissions Information web page.

For additional information, please read our website Terms of Use. ALL RIGHTS RESERVED.