Ashwinpaul (Tony) C. Sondhi is the founder and President of A. C. Sondhi & Associates, LLC, a financial consulting, investment advisory, and executive training firm. He was a member of the Emerging Issues Task Force (EITF) of the Financial Accounting Standards Board (FASB) from 2003 through 2019. He is also a member of the Investor Advisory Group of the Public Company Accounting Oversight Board (PCAOB), the US Standards and Advocacy Advisory Council of CFA Institute, and the past Chairman and currently a member of the Corporate Disclosure Policy Council of CFA Institute. He is also an advisor to several U.S. and foreign companies.
His current consulting activities include implementation services related to the Revenue, Credit Losses, Customer’s capitalization of Implementation Costs (ASU 2018-15) and Lease Accounting standards, revenue reporting IT systems and software solutions, revenue recognition practices in the software and contracting industries, revenue arrangements with multiple performance obligations, consolidation policy issues related to variable interest entities, financial reporting requirements for foreign operations, securitizations and transfers of financial assets (including revenue implications), credit analysis, and the analysis of company-wide financial reporting risks. Mr. Sondhi has also served as an expert witness on many financial reporting issues.