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Committed to Excellence

About the Company

At PF Monaghan & Co. we take pride in the quality of our work. With decades of experience in the public accounting for Public, private companies and scores of nonprofits, we have developed our expertise in providing excellent services to all of our clients. We are a firm that truly understand the nuances and requirements that accounting of our clients. Our firm also provides Contract CFO, Controller and Accounting Services as a large part of our services menu. We primarily provide client services in the Hudson Valley and the Metropolitan New York City area. We possess the knowledge and expertise relating to Public, Private, Healthcare and Not-for-Profit organizations. We have experience with the entire alphabet of New York State agencies, specializing in NYSED Education, OPWDD Residential and all HCBS programs, healthcare and not-for-profit services. Before I sold the audit & attestation practice , the Firm recently received six triennial unqualified “Peer Review” and congratulations from the AICPA and NYSSCPA for this accomplishment. Our firm stresses high-quality, responsive and timely service to our clients. This requires hiring, training, and supervising our staff so as to deliver a product with the highest of standards. This philosophy, and our strong commitment to it, were established many years ago and are carefully maintained. We believe that the result has been a high standing among our peers and a satisfied clientele. Feel free to contact us today for more information about our services. Small and midsize companies usually don’t have a CFO who can evaluate and respond to key elements in rate reimbursement at our level. And some complex agencies may not have a plan of succession in place or experience unplanned for openings. We can help with them all. Our Outsourced Accounting Services team can assist you with this crucial analysis on your schedule and terms. They show we go beyond simply preparing the books and records, facilitating the preparation of the CFR. We go beyond the cost reports, financial statements and tax returns to present the most accurate position of your agency.


Patrick F. Monaghan III is a Certified Public Accountant in the State of New York, License number 05-4379 dated October 22, 1986. He is a Magna Cum Laude graduate of Manhattan College, Riverdale, New York, with a B.S. in business administration, accounting major.

His memberships include: Epsilon Sigma Pi - National Honor Society for Academic Achievement; Delta Mu Delta – Alpha Kappa Chapter -National Honor Society for Business Administration; New York State Society of Certified Public Accountants; American Institute of Certified Public Accountants, and a member of the Public and private Companies as long as the Nonprofit Companies Practice Sections of the American Institute of Certified Public Accountants' Division for CPA Firms. Member of the NYSSCPA Joint Committee which revised the CFR; which revises the CFR and writes the related instructions and the Interagency Council of New York.

He started his professional career with the international firm of Price Waterhouse & Co, in 1980, New York, New York, and received his CPA in 1986. Since 1987, he has specialized in serving the health care and not-for-profit industries.

Mission Statement


To provide exceptional financial and professional services while maintaining the highest levels of integrity and professionalism. To meet the current and future needs of my clients and help them to meet their reporting, compliance, accounting systems and reimbursements needs now and into the future. To respect our staff and those we serve as professionals and individuals; and to be respected as a trusted advisor by my clients, industry groups and our colleagues with whom I share our resources.

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