Partner at Confidor, Chair of IFAC's SMP 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. 

Developed in conjunction with CPA Canada, this guide aims to help professional accountants in practice, especially those operating in small- and medium-sized practices (SMPs), in conducting review engagements in compliance with International Standard on Review Engagements (ISRE) 2400 (Revised), Engagements to Review Historical Financial Statements. 

This guidance was written for all organizations, regardless of their size or structure, private or public, to support the accountancy profession’s facilitation of sustainable organizations, financial markets, and economies by providing guiding principles to manage the complexities of performing a robust project and investment appraisal. Greater rigor in the appraisal and decision process can be achieved by using the principles as a benchmark against which to assess an organization’s current practice.

A strong and well-governed professional accountancy organization (PAO) produces and sustains a strong accountancy profession that is able to serve the public interest and contribute to economic stability and growth. A successful PAO gains much of its strength from the sense of identity, benefits, and rights that members derive from membership; and from the contributions that individual members and firms make to the PAO in recognition of its public interest perspective.

This third edition of the guide features enhancements to the two sample manuals, as well as other refinements for clarity and consistency with International Standard on Quality Control (ISQC) 1. The guide contains the requirements set out in ISQC 1 in addition to implementation guidance, including discussion material and an integrated case study that can be used as the basis for education and training.

Beth Brooke serves on the Boards of The New York Times Company (NYT), eHealth (EHTH), SHEEX, the US Olympic and Paralympic Committee and the Lehigh Valley Health Network. She is the Co-Chair of VERITY Now and serves on the Knight Commission and the International Advisory Council for APCO Worldwide.

She was the former Global Vice Chair, Public Policy at EY and was a member of EY's Global Board. Beth oversaw public policy for the firm’s operations in 150 countries and was the global sponsor for EY’s Diversity and Inclusiveness (D&I) efforts. She has been named eleven times to Forbes list of "World's 100 Most Powerful Women".

Beth is a devoted advocate for the advancement of women and LGBTQ Inclusion. She has served on the US Delegation to the United Nations Commission on the Status of Women and has been named to OUTstanding and Financial Times’ LGBTQ Hall of Fame. She was instrumental in creating the Partnership for Global LGBTQ Equality, in partnership with the World Economic Forum. She currently invests in several female-founded companies related to women’s sports.

During the Clinton Administration, she worked in the U.S. Department of the Treasury and played important roles in the Administration’s healthcare reform and Superfund reform efforts.

Beth has also been actively engaged in numerous civic and business organizations. She previously chaired the board of Vital Voices and serves on the boards of The Conference Board, the Aspen Institute, and Tabby’s Place. She was in the inaugural class of the Henry Crown Fellows of The Aspen Institute.

At Purdue University, Beth was in the first class of women to receive scholarships under Title IX to play basketball and earned her undergraduate degree in Computer Science and Industrial Management, with highest distinction.  She has been inducted into the Indiana Basketball Hall of Fame. She has honorary doctorates from Purdue, Indiana University and Babson College.

Stephen Coetzee, PhD (CA) SA, is a professor of accounting at the University of Pretoria, South Africa. Stephen has taught financial accounting at the undergraduate and postgraduate levels. He supervises postgraduate research students, and his research interests include assessment and the use of technology in accounting education.

Dr. Sridhar Ramamoorti, ACA, CPA/CITP/CFF/CGMA, CIA, CFE, CFSA, CGAP, CGFM, CRMA, CRP, MAFF, is an Associate Professor of Accounting at the University of Dayton, and from January 2020, a sustainability Scholar affiliated with the UD Hanley Sustainability Institute. Previously he was on the accounting faculties of Kennesaw State University, Georgia, and the University of Illinois in Urbana-Champaign, Illinois.

Dr. Ramamoorti has a blended academic-practitioner background with over 35 years of experience in academia, auditing, and consulting. A BComm. graduate of Bombay University, he holds Masters and Ph.D. degrees from The Ohio State University. Earlier in his career, he was a principal with Andersen Worldwide, was National EY Sarbanes Oxley Advisor, a corporate governance partner with Grant Thornton LLP, and a principal and later, consultant, with Infogix, Inc.

Dr. Ramamoorti is co-author of over 60 papers and articles and 15 books and monographs, including The Audit Committee Handbook (Wiley, 5^th ed., 2010), A.B.C’s of Behavioral Forensics (Wiley, 2013) that has been presented to the FBI Academy, and the textbook, Internal Auditing: Assurance and Advisory Services published by the Institute of Internal Auditors, with translations in French, Spanish, and Japanese. In the last two decades, he has presented his work and spoken at conferences in 16 countries.