How Often Should Trust Accounting Be Done?
Understanding trust accounting helps trustees meet their fiduciary duty and avoid disputes with beneficiaries down the line.
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Location: Long Beach
Services: Audit, Fiduciary Accounting, Outsourced Accounting, Regulatory Compliance Assistance, Reviews & Compilations
Industries: Consumer Business, Nonprofit, Professional Services
Cynthia Schoelen is a Partner in BPM’s Client Accounting and Advisory Services (CAAS) practice. She leads a team of CPAs and accounting professionals providing outsourced accounting, financial reporting, and advisory services to organizations across a variety of industries. Cynthia oversees the preparation of GAAP and special purpose framework financial statements and works closely with clients to strengthen accounting processes, improve financial visibility, and support informed decision-making.
Cynthia specializes in serving nonprofit organizations, professional services firms, trusts, estates, and other fiduciary entities. She provides expertise in fiduciary accounting, nonprofit financial reporting, and complex compliance requirements. She partners with clients to prepare for financial statement audits, Single Audits, and Uniform Guidance compliance examinations by helping ensure accounting records, schedules, internal processes, and supporting documentation are complete, accurate, and audit-ready.
In addition to supporting organizations through the audit preparation process, Cynthia oversees teams that maintain accounting records, prepare financial reports, and assist clients whose audits are performed by independent audit firms. She is committed to helping clients navigate evolving reporting requirements while building efficient and sustainable accounting functions.
Prior to joining public accounting, Cynthia served as an IRS auditor, where she received extensive training in federal tax law and conducted examinations of individual, business, and corporate income tax returns.
Cynthia holds an active Certified Public Accountant (CPA) license in California and is also a Certified Fraud Examiner (CFE).
Cynthia is a proficient barbecue chef. As a “Pit Master,” her specialties are the Trifecta: brisket, ribs and pulled pork.
BS/Business Administration (Accounting) – California State Polytechnic University, Pomona
Special Report: Accounting-Teaming Up – Los Angeles Business Journal (2023)
Understanding trust accounting helps trustees meet their fiduciary duty and avoid disputes with beneficiaries down the line.
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BPM is proud to announce its placement at #28 on Accounting Today’s 2026 VAR 100 list.
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For many organizations, outsourced accounting is the answer, but the quality of that arrangement depends entirely on who you choose and what you know going in.
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