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Former FASB board member joins FTI Consulting

GRC Announcements | July 25, 2017

Lawrence Smith, former board member of the Financial Accounting Standards Board, will join the SEC & Accounting Advisory Services practice at FTI Consulting within the global business advisory firm’s Forensic & Litigation Consulting segment as a senior managing director, effective Aug. 1.

Smith, who will be based in New York, recently retired from the FASB, the independent accounting standard setter in the United States, after serving two five-year terms. As part of the seven-member FASB, he was responsible for advancing its mission to establish and improve financial accounting and reporting standards to increase transparency for users of financial statements and build investor confidence in the capital markets. During his tenure as a board member, the FASB undertook major projects and promulgated new standards in the areas of revenue recognition, leases, credit losses, derivatives and consolidations, among...

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