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Ashwinpaul (Tony) C. Sondhi, President, A. C. Sondhi & Associates, LLC, is the Spring 2012 Henry Kaufman Visiting Professor of Financial History at Yeshiva University in NY. He is currently a member of the Emerging Issues Task Force (EITF) of the Financial Accounting Standards Board (FASB), its Agenda Committee, its 2009 Working Group on EITF 09-3 (SOP 97-2), its 2009 Disclosure Working Group on EITF 08-1, and its 2008 Working Group on EITF 08-1. He is also a member of the Investor Advisory Group of the Public Company Accounting Oversight Board (PCAOB), the Corporate Disclosure Policy Council of the CFA Institute. He has served as a member of the 2008 Expert Advisory Panel on Fair Value of the International Accounting Standards Board (IASB). He has been a member of the Global Financial Reporting Advocacy Committee of the CFA Institute; the Accounting Standards Executive Committee (AcSEC) of the AICPA and the Planning Subcommittee of the AcSEC; the Financial Accounting Policy Committee of the CFA Institute; the FASB Task Force on Accounting for Impairments of Long-lived Assets; and the Statement of Cash Flows Steering Committee of the International Accounting Standards Committee. Mr. Sondhi was also an advisor to the FASB on its’ project comparing U.S. and International Financial Reporting Standards.
Mr. Sondhi is a co-author of the 2006 - 2009 editions of the CCH Revenue Recognition Guide, and The Analysis and Use of Financial Statements, Third Edition, which was a recommended text for the Chartered Financial Analysts (CFA) program. Mr. Sondhi has also edited Credit Analysis of Nontraditional Debt Securities, co-authored Impairments and Write-offs of Long-Lived Assets, and co-edited CFA Readings in Financial Statement Analysis, and Off-Balance Sheet Financing Techniques.
Mr. Sondhi serves on the Board of Directors of an investment advisory services firm. He is also an advisor to several U.S. and foreign companies. His consulting activities include revenue recognition practices in the software and contracting industries, revenue arrangements with multiple deliverables, consolidation policy issues related to variable interest entities, financial reporting requirements for foreign operations, securitizations and transfers of financial assets, credit analysis, and the analysis of company-wide financial reporting decisions. Mr. Sondhi has also served as an expert witness on many financial reporting issues.