Schall & Ashenfarb, CPA's has been serving the accounting community for over 30 years and prides itself on having the hands-on style of a small firm with the resources and quality of a larger, regional firm. Our primary niche of working with not-for-profit organizations allows us to hire and retain professionals that specialize in this unique industry. We also have a more traditional side of the practice that works with clients in commercial industries that include arts and entertainment such as Broadway and Off-Broadway Theater, touring theatrical productions, legal, medical and other professional service firms, professionals and self-employed individuals and more. We provide financial statement preparation, accounting and tax planning services for these clients.



The Trusted Professional, an accounting publication, has summarized the highlights of the presentation of David Ashenfarb, CPA, our  Director of Not-for-Profit Services, from the recent Foundation for Accounting Education’s Nonprofit Conference. Click here to read the article. 

David Ashenfarb, Partner and Director of Not For Profit Services has written an article featured in the April 2018 edition of The CPA Journal.  Click title below to read.

Identifying Deficiencies in Single Audits Preparing for the Audit Quality Study

Presentation by Nina Bahazhevska, CPA Senior Manager, Director of Quality Review.  Click title below to view.

Enhancing Single Audit Quality - Addressing Common Errors in Testing and Reporting 

Webinars - over the last year, the not-for-profit sector has undergone major changes to their reporting and procedure requirements. While mandatory implementation is staggered, early implementation of certain standards will make for an easier transition when the pronouncement is mandated. Most notably:

New Accounting Standards of ASU 2016-14

If you are required to file a Single Audit report, and have questions regarding the New Uniform Guidance Regulations, click here to view our webinar on the Federal Cost Principals and Administration Requirements of the New Uniform Guidance. 

Please visit our Not-For-Profits Updates  for further information and other important industry related updates.

If you have any questions pertaining to these new regulations, or any other matters relating to nonprofit accounting or industry matters, please contact David Ashenfarb at or Michael Schall at