Lawrence W. Smith, former board member of the Financial Accounting Standards Board, will join FTI Consulting’s SEC & Accounting Advisory Services practice within its Forensic & Litigation Consulting segment as a senior managing director, effective August 1, 2017.

Smith, who will be based in New York, recently retired from the FASB, the independent accounting standard setter in the U.S., 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.

At FTI Consulting, Smith will serve corporate clients and law firms as a testifying expert in accounting-related litigation matters. Additionally, he will serve as a member of the National Office at FTI Consulting, responsible for consulting with engagement teams and clients on complex accounting issues.

“Larry is one of the preeminent experts in the accounting industry in the United States,” said Neal Hochberg, global leader of the Forensic & Litigation Consulting segment at FTI Consulting. “As corporations face continuing challenges from the increasing complexity of accounting standards, Larry’s unique experience as both a standard setter and a Big Four audit partner deepens FTI Consulting’s ability to assist organizations as they navigate a complicated regulatory environment.”

FTI Consulting, is a global business advisory firm dedicated to helping organizations manage change, mitigate risk and resolve disputes.