TARRYTOWN, NY and NEW YORK, NY--(Marketwire - October 29, 2009) - Marks Paneth & Shron LLP (MP&S), a leading New York area accounting firm, announced today that Steven P. Monteferante, CPA, 45, has become Partner-in-Charge of the firm's Westchester office in Tarrytown, New York. Before assuming this position, Mr. Monteferante, a resident of Putnam Valley, was a Partner in the firm's Westchester-based Nonprofit and Government Services Group. In his new role, he will continue to provide audit, accounting and consulting services to nonprofit clients and will also expand his services to commercial entities in the New York region.

"We're delighted that Steve Monteferante will lead our Westchester office," said Arthur E. Cannata, CPA and Mark Levenfus, CPA, managing partners of Marks Paneth & Shron. "Steve's wealth of experience in accounting, audit and consulting across a broad range of organizations adds value to the continuum of specialties that we provide clients in Westchester, the northern suburbs and southern Connecticut. We are confident that Steve will bring leadership to our Tarrytown office and look forward to working with him in this capacity."

Steve Monteferante becomes Partner-in-Charge of the MP&S Westchester office following the Westchester County Business Journal's recent announcement that the firm ranks 7th largest in Westchester, New York. The firm achieved an improvement in this ranking, climbing four spots from MP&S's prior year's ranking in the publication.

About Steven P. Monteferante, CPA

Steven P. Monteferante, CPA, has over 20 years of accounting, auditing and consulting experience. As a Partner in the firm's Nonprofit and Government Services Group, Mr. Monteferante has focused on audit oversight, client retention, business development and staff monitoring.

He began his career with a firm that was acquired by Paneth, Haber & Zimmerman LLP, a predecessor firm of today's Marks Paneth & Shron. Prior, Mr. Monteferante served as controller of a multi-corporation, multi-funded nonprofit organization.

Mr. Monteferante is a member of the American Institute of CPAs, as well as the New York State Society of CPAs, where he serves on the Nonprofit Organizations Committee.

Additionally, Mr. Monteferante is deeply involved in the MP&S Nonprofit and Government Services Group's internal continuing education program where he speaks on various accounting and auditing topics, such as: Yellow Book Overview and Update; Selected Advanced Accounting and Reporting Topics; Nonprofit Accounting Basis and Getting to Know Nonprofit and Government Accounting.

In his spare time, Mr. Monteferante has volunteered as a member of the LCBMS PTA and of the Shrub Oak Athletic Club, where he is active in lacrosse for children. Mr. Monteferante holds a Bachelor of Business Administration in Accounting from Pace University and is licensed to practice in New York State.

About Marks Paneth & Shron

Marks Paneth & Shron LLP is an accounting firm with nearly 500 people, approximately 70 of whom are partners and principals. The firm provides businesses with a full range of auditing, accounting, tax, bankruptcy and restructuring services as well as litigation and corporate financial advisory services to domestic and international clients. The firm also specializes in providing tax advisory and consulting for high-net-worth individuals and their families, as well as a wide range of services for international, real estate, media, entertainment, nonprofit, professional and financial services and energy clients.

The firm's subsidiary, Tailored Technologies, LLC, provides information technology consulting services. In addition, its membership in JHI, the leading international association for independent business advisers, financial consulting and accounting firms, facilitates service delivery to clients throughout the United States and around the world.

Marks Paneth & Shron LLP, whose origins date back to 1907, is the 32nd largest accounting firm in the U.S., and the 15th largest in the New York area. Its headquarters are in Manhattan. Additional offices are in Westchester, Long Island and the Cayman Islands. For more information, please visit www.markspaneth.com.

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