Mary M. Foelster, CPA

Senior Director, Governmental Auditing and Accounting, American Institute of Certified Public Accountants

Mary Foelster is a Senior Director at the American Institute of Certified Public Accountants in Washington, DC, where her primary responsibility is to address governmental auditing and accounting matters, including compliance audits.  She oversees the AICPA’s Governmental Audit Quality Center (GAQC) and its related Executive Committee.   Additionally, Mary oversees the AICPA’s ongoing activities to enhance the quality of single audits and other similar compliance audits.

Mary is also responsible for the AICPA’s governmental accounting efforts, including the AICPA State and Local Government Expert Panel and AICPA interactions with the Governmental Accounting Standards Board, which involve commenting on GASB due process documents.

Mary and her team monitor and analyze federal regulatory and legislative developments affecting auditing or accounting in a governmental or compliance audit environment, as well help members understand the implications of standards and regulation on governmental audits.  This includes significant involvement with the development, issuance, and annual update process for the Audit and Accounting Guide, Audits of State and Local Governments, and the AICPA Audit Guide, Government Auditing Standards and Single Audits.

Mary has been with the AICPA for over 25 years. She is a graduate of the University of Maryland and is a certified public accountant.