Stakeholders are now expecting all businesses, regardless of their size, to recognise their environmental responsibility, manage the risks and embrace the opportunities relating to sustainability. Members of the IFAC SMP Advisory Group (SMPAG) have been looking at the importance of sustainability information for SMEs and the range of services SMPs can provide, including advisory, reporting, Agreed-Upon Procedures (AUP) engagements and assurance.
During this webinar we will be joined by MGI Worldwide Member, Hina Usmani, from Ilyas Saeed & Co. (ISCO) in Pakistan - a Technical Advisor with SMPAG; Chris Arnold (Director, IFAC); and group Chair Monica Foerster. They will give an overview of their work on practice transformation and the opportunities for small and medium sized practices (SMPs) to provide guidance and recommendations to small businesses management on sustainability matters and the value of enhancing knowledge and skills for providing ESG/sustainability services.
During the discussion the panel will consider how sustainability offers firms the opportunity to expand their service provision and provide value-added services to clients by helping them improve the way they run their businesses, whilst adopting the same principles for their own businesses.
Partner, Ilyas Saeed & Co. (ISCO)
Hina is Fellow Chartered Accountant of the Institute of Chartered Accountants of Pakistan (ICAP) with a decade long background in both corporate and banking sectors. Furthermore, she has more than twenty years of experience as a reliable financial and tax advisor, along with expertise in assurance services. Her recent focus is on sustainability practices and counselling clients in adopting necessary measures for achieving their sustainability goals. As a partner at Ilyas Saeed & Co. an MGI Worldwide affiliated firm, she oversees operations in Karachi, the Pakistan's largest business hub. She is also the founder of an all-women-led practice and a global signatory of the UN Women Empowerment Principles.
Hina holds the distinction of being the first woman vice president of ICAP and leads the Women's Committees for ICAP and the South Asian Federation of Accountants (SAFA). She is the technical advisor at IFAC’s Small and Medium Practicing Advisory Group (SMPAG) and contributes her expertise to various government and regulatory boards and committees.
Christopher Arnold is a Director at the International Federation of Accountants (IFAC). He leads activities on contributing to and promoting the development, adoption and implementation of high-quality international standards, including the Member Compliance Program, Intellectual Property and Translations. Christopher is also responsible for IFAC’s SME (small- and medium-sized entities), SMP (small- and medium-sized practices) and research initiatives, which include developing thought leadership, public policy and advocacy. He was previously an Audit Manager for Deloitte and qualified as a professional accountant in a mid-tier accountancy practice in London (now called PKF-Littlejohn LLP). Christopher started his career as a Small Business Policy Adviser at the Association of Chartered Certified Accountants (ACCA).
Chair, 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.
Partner – CEO, Leadership and Performance Coach
MGI RAS, South Africa
Patricia is the co-founder and CEO of MGI RAS which is a member firm of MGI Worldwide. She is a strategic entrepreneurial accountant with commitment to people and organisations transformation. She is a Chartered Accountant (South Africa) and a Chartered Director (South Africa) with diverse experience in talent management, ESG (with specialisation in governance) Audit, IFRS and Quality assurance technical expertise. Patricia has discharged various senior and executive management roles. She has diverse exposure to both the private and public sectors and audit of United Nations’ organisations during her tenure at the AGSA. She further served as the Head of Transformation in her previous tenure as a partner of one of the global Firms. She is a vector performance and leadership coach, in line with her passion for helping organisations and people to grow responsibly in realising their potential in a sustainable manner. Her life motto is “Grow as I Grow”.