Chief Accountant/Director for International Accounting at the Financial Services Agency
Koichiro Kuramochi joined the Stakeholder Advisory Council in January 2024, designated by the IOSCO, a member of the Monitoring Group.
Mr. Kuramochi is the Chief Accountant/Director for International Accounting of the Financial Services Agency (FSA) in Japan. He has been dealing with international accounting/auditing matters and engaging in the development of sustainability disclosure and assurance regulatory framework in Japan.
Mr. Kuramochi is a member of the Committee on Issuer Accounting, Audit and Disclosure (Committee 1) of the International Organization of Securities Commissions (IOSCO). Mr. Kuramochi is also a member of Jurisdictional Working Group of International Sustainability Standards Board.
Previously, Mr. Kuramochi was a Partner of KPMG AZSA LLC. He also worked for the International Accounting Standards Board and engaged in standard setting of International Financial Reporting Standards accounting standards in London. He has a master’s degree in finance from the London Business School. He is a Certified Public Accountant licensed in Japan and the U.S. (California), and a CFA Charter holder.
Partner at Confidor; Chair of the International Federation of Accountants (IFAC) Small and Medium Practices Advisory Group
Monica 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.
Jose Esposito has been the Chief Corporate Audit Officer of Credicorp Ltd. since January 2010. He is a former member of the Board of Directors of the Institute of Internal Auditors Global and Chairman of the Financial Services Guidance Committee Board of IIA Global. Mr. Esposito has also served as Chairman of the Committee of Internal Auditors of the Latin American Federation of Banks and Chairman of the Committee of Internal Auditors of ASBANC. Currently, he is a lecturer in the Master of Finance program at the Universidad del Pacífico and Director of the specialization in Integral Risk Management.
Since 1996, Mr. Esposito has held various positions with Credicorp Ltd. His last position prior to leading the Audit Division at Credicorp Ltd. was at Pacífico Peruano Suiza Companía de Seguros y Reaseguros S.A., where he was CFO and the Controller’s Officer. He was also Vice Chairman of the Board of Directors of Pacífico Salud EPS S.A., Vice Chairman and Director of the Board of the Lima Stock Exchange, Director of Cavali ICLV S.A. and Chairman of the Board and General Manager of Credibolsa SAB S.A.
Mr. Esposito holds a bachelor’s degree in economics from Universidad del Pacífico, Lima (Peru) and a master’s degree in economics from the University of Wisconsin – Milwaukee (United States). He also held the designation of Certified Internal Auditor (CIA) and Risk Management Assurance (CRMA) by the Institute of Internal Auditors Global; Risk and Information Systems Control (CRISC) by ISACA; and Anti-Money Laundering Certified Associate (AML/CA) from the Florida International Bankers Association and Florida International University (United States).
Independent Non-Executive on EY's Global Governance Council and Advisory Member at FEI
Duane M. DesParte serves as an Independent Non-Executive on EY's Global Governance Council. He also serves as Advisory Member on Financial Executives International Committee (FEI) on Corporate Reporting.
Previously, the US SEC appointed Mr. DesParte as a board member of the US Public Company Accounting Oversight Board, from April 2018 through October 2023 (including as Acting Chairperson from June 2021 to January 2022). From October 2020 through April 2023, he served as Chair of the International Forum of Independent Audit Regulators.
Mr. DesParte served for 10 years as Senior Vice President and Corporate Controller of Exelon Corporation, then a Fortune 100 company in the energy industry. Prior to this chief accounting officer role, he served in various business unit finance and controller officer positions.
Before joining Exelon in 2003, Mr. DesParte was an audit and assurance partner in Chicago. He joined Deloitte in 2002 after nearly 17 years at Arthur Andersen. Mr. DesParte primarily performed financial statement audits for public company SEC registrants.
Mr. DesParte graduated with highest honors from the University of Illinois at Urbana-Champaign in 1985 with a Bachelor of Science degree in Accountancy. He joined Andersen in 1985 and achieved partner status in 1998. He became a Certified Public Accountant in 1985, is licensed in Illinois, and is a member of the AICPA and Illinois CPA Society.
Chief Executive Officer of Public Accounting, Association of International Certified Professional Accountants
Sue Coffey is CEO of Public Accounting at the Association of International Certified Professional Accountants. In this role, Ms. Coffey leads the Association's strategy to advance public accounting domestically and globally and sets strategy for the Association's assurance, advisory, tax and practice management initiatives in the U.S. and abroad. Her most recent focus is on securing a robust and highly skilled U.S. CPA talent pipeline; promoting the value and relevancy of U.S. CPAs and CPA firms, including evolving the profession's core services, leveraging emerging technology and advancing practice quality; and creating opportunities for practice growth around the use of new technologies and in emerging service areas, including environmental/social/governance.
Ms. Coffey has served as a technical advisor for the AICPA & CIMA's representative on the IFAC Board of Directors for many years, has served on IFAC advisory committees and is a representative on the Global Accounting Alliance. She is a licensed CPA in New York and New Jersey. She is consistently on Accounting Today's Top 100 Most Influential People in Accounting list. Prior to joining the Association, Ms. Coffey was with PricewaterhouseCoopers' audit and assurance practice. She holds a Bachelor of Science degree in accounting from Fairfield University.
Secretary General at the General Council for Islamic Banks and Financial Institutions
Dr. Abdelilah Belatik was appointed to the Stakeholders Advisory Council in January 2024.
Dr. Belatik currently serves as the Secretary General of General Council for Islamic Banks and Financial Institutions (CIBAFI), a role he has held since March 2014. Prior to this, he was the Assistant Secretary General at the Islamic Financial Services Board in Malaysia from 2010-2014. Dr. Belatik also has extensive experience in the private sector, having worked with PricewaterhouseCoopers in Luxembourg, New York and Hong Kong from 2001-2009.
Dr. Belatik's influence extends beyond CIBAFI as he is the founding president of Turritopsis, the Strategic Institute for Sustainable Development, Brussels, Belgium. In addition to the Stakeholder Advisory Council, Dr. Belatik holds memberships on several other international boards and advisory groups. These include the Public Interest Monitoring Consultative Committee of AAOIFI, the IASB Advisory Group on Islamic Finance, and the Arab Authority of Agricultural Investment and Development (AAAID), UAE. He is also an Independent non-executive director on the Board of Trustees of the Waqf Fund at the Central Bank of Bahrain.
Dr. Belatik holds a Doctor of Business Administration degree and a Master of Applied Business Research from Switzerland. He also earned a Master of Science in Business Engineering and a Bachelor of Arts in Commercial Sciences from Brussels, Belgium.
Dr. Bello Lawal Danbatta was previously the Secretary-General of the Islamic Financial Services Board (IFSB), a role he held from 2018 to January 2024. Previously the Director of the Centre of Consultancy and Executive Programmes at INCEIF, he has over 29 years combined experience in the private, academia, financial services regulation, and supervision sectors across Africa, Europe, Asia and the Middle East. He is a Member of the Accounting and Auditing Board of Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI), and has chaired various working groups for the issuance of financial accounting standards for Islamic financial institutions. He has also been involved in the development and drafting of standards, guidelines and frameworks for capital adequacy, risk management, accounting, auditing, ethics as well as supervision and regulation of Islamic finance for various countries. He concurrently served as member of Basel Consultative Group (BCG) under Basel Committee on Banking Supervision (BCBS) in Basel, Switzerland and a Consultative Advisory Group member for International Ethics Standards Board for Accountants and International Auditing and Assurance Standards Board since 2018.
Dr. Danbatta holds a Ph.D. in Islamic Banking and Finance from the International Islamic University Malaysia, and an MBA in Corporate Finance. He is a Chartered Accountant with ACCA-UK, a Licensed International Financial Analyst (LIFA-UK), a Fellow of Certified Islamic Professional Accountants (CIPA) and a member of the Chartered Institute of Islamic Finance Professionals (CIIFP), Nigerian Institute of Management (NIM), Certified Pension Institute of Nigeria (CPIN), Institute of Chartered Accountants of Nigeria (ICAN), and International Council for Islamic Finance Educators (ICIFE). Dr. Danbatta is a known Islamic banking and finance consultant, and has been active in providing Islamic finance training and consultancy to central banks, securities commissions, deposit insurance corporations and Islamic banks. He also has a number of publications on Islamic banking, corporate governance and earnings management.
In addition to these corporate engagements, he also held the positions of Assistant Professor at Sultan Qaboos University Oman, a Research Fellow at the Accounting Research Institute (ARI) of University Technology MARA (UiTM), Malaysia and Academic Fellow at Insaniah University Malaysia. He has worked with the Highland Bank of Nigeria Plc, Peugeot Automobiles and Securities and Exchange Commission of Nigeria.
Coordinating Director, Directorates of Accounting Standards (Public and Private Sectors) and Sustainability Reporting Unit, Financial Reporting Council of Nigeria
Dr. Iheanyi Odinakachi Anyahara has over three decades of industry experience, of which more than 20 years have been in financial reporting and management, accounting standard setting and financial reporting regulation at the Financial Reporting Council (erstwhile Nigerian Accounting Standards Board). He acted as the Executive Secretary/Chief Executive Officer of Financial Reporting Council of Nigeria during a 14-month interregnum (March 1, 2020 to May 18, 2021) when he was charged with responsibility for steering the agency to maintain the steady oversight of financial reporting nationwide. He is currently the Coordinating Director/Head, Directorates of Accounting Standards (Public & Private Sectors) and Sustainability Reporting Unit at the Financial Reporting Council of Nigeria.
Dr. Anyahara has played several leadership roles in the local and global accounting profession due to his readiness for service when called upon. He served as a member of Inter-Ministerial Committee on National Chart of Accounts for Nigeria as well as member of the IPSAS GAP analysis Committee. He was the Secretary to the National Stakeholders’ Committee on the Roadmap to the Adoption of International Financial Reporting Standards (IFRS) in Nigeria.
Dr. Anyahara is member of several professional bodies among which are Fellow, Institute of Chartered Accountants of Nigeria (ICAN), Fellow, Association of Forensic Accounting Researchers and Nigerian Institute of Management. He serves as a resource to both the Institute of Chartered Accountants of Nigeria and Association of National Accountants of Nigeria. He is also a member of the ICAN’s Corporate Reporting faculty.
Dr. Anyahara is a technical advisor to International Public Sector Accounting Standards Board (IPSAS) member Yacuoba Traore, having previous served as a technical advisor to IPSASB member Christopher Nyong. Dr. Anyahara is currently the Chair, Adoption Readiness Working Group (ARWG) for sustainability reporting in Nigeria.
Chair of the Commission on Financial Reporting of the European Federation of Financial Analysts' Societies
Javier de Frutos has more than 30 years of experience working in international capital markets. While at BBVA in Europe, the US, and Latin America and the Bank of Tokyo (currently MUFG), Mr. de Frutos led different groups across-disciplines to execute large scale cross-country transactions. He has served on the board of several private equity funds and portfolio companies in the US, Europe, and Mexico.
As the chair of the Commission on Financial Reporting (CFR) for the European Federation of Financial Analysts’ Societies (EFFAS), Mr. de Frutos leads initiatives in corporate reporting and assurance with investors and European regulatory bodies. He coordinates the drafting of EFFAS’s responses to EFRAG and IFRS documents. Mr. de Frutos has been a member of the EFRAG’s board, the IFRS-CMAC and the IFRS Advisory Council between 2018-2023.
Mr. de Frutos graduated from Complutense University of Madrid and earned a master’s degree in economics from New York University. He is a regular speaker in international financial conferences and a lecturer on the IEB of Madrid’s Wharton program.
Ms. Usmani is a Council Member of the Institute of Chartered Accountants of Pakistan (ICAP). She is a member of Auditing Standards & Ethics, Practicing Development, and Marketing Committees of ICAP. She also chairs the CA Women and SAFA Women Leadership Committees and was previously the vice president of ICAP in 2019-2020. During her two consecutive four-year tenures, she chaired the Examination, Internal Audit Practice, Overseas and Women Committees.
Ms. Usmani is an audit, advisory and tax practitioner. She is Founder & Managing Partner of Usmani & Co. an all women led SMP and a partner of MGI-Ilyas Saeed & Co. Before establishing her practice in 2004, she held senior leadership roles in the financial sector in Pakistan for a decade.
Ms. Usmani is currently a member of the board/committees of public sector organizations in Pakistan. She is also a technical advisory for the International Federation of Accountants (IFAC) Small and Medium Practices Advisory Group. She also holds the distinction as first elected woman council member and vice president of ICAP in its 56-year history.
Ms. Usmani earned a Bachelor of Commerce at Karachi University (KU) and is a fellow member of both ICAP and the Institute of Corporate Secretaries of Pakistan. She is a regular speaker and authored numerous articles for IFAC's Knowledge Gateway and other local publications.
