ASTA FUNDING, INC. (NASDAQ:ASFI) Files An 8-K Changes in Registrant’s Certifying Accountant

Item4.01Changes in Registrant’s Certifying Accountant.

On March 9, 2017, the Audit Committee of the Board of Directors
of AstaFunding, Inc. (the Company) approved the dismissal of
Mazars USA LLP (“Mazars”) as the Company’s Independent
Registered Public Accounting Firm and the engagement of
EisnerAmper LLP as the Independent Registered Accounting Firm to
audit the Company’s consolidated financial statements for the
fiscal year ending September 30, 2017 and review each of the
interim periods in the fiscal year then ended. The Company
notified Mazars of its dismissal on March 14, 2017,and the
engagement of EisnerAmper LLPwas effective on March 14, 2017.

During the Company’s two most recent fiscal years ended
September 30, 2016 and 2015, and the subsequent interim period
through March 14, 2017, there were no disagreements between the
Company and Mazars concerning any matter of accounting principles
or practices, financial statement disclosure or auditing scope or
procedure which disagreements, if not resolved to Mazars
satisfaction, would have caused Mazars to make reference to the
subject matter of the disagreements in connection with their
reports. In addition, during the Company’s two most recent
fiscal years ended September 30, 2016 and 2015, and the
subsequent interim period through March 14, 2017, there were no
reportable events as described in Item 304(a)(1)(v) of Regulation
S-K.

The audit reports of Mazars on the consolidated financial
statements of the Company as of and for the years ended September
30, 2016 and 2015 did not contain any adverse opinion or
disclaimer of opinion, nor were such reports qualified or
modified as to uncertainty, audit scope or accounting principles.

The audit reports of Mazars on the effectiveness of internal
control over financial reporting as of September 30, 2016 and
2015 did not contain any adverse opinion or disclaimer opinion,
nor were they qualified or modified as to uncertainty, audit
scope, or accounting principles.

During the Company’s two most recent fiscal years and the
subsequent interim period to March 14, 2017, neither the Company,
nor anyone on its behalf, consulted with EisnerAmper LLP
regarding (i) the application of accounting principles to any
completed or proposed transaction or the type of audit opinion
that might be rendered on the Company’s consolidated financial
statements, or (ii) any matter that was either a subject of a
disagreement (as the term is defined in Item 304(a)(1)(iv) of
Regulation S-K) or a reportable event (as the term is defined in
Item 304(a)(1)(v) of Regulation S-K).

The Company provided Mazars with a copy of this Form 8-K and
requested from Mazars USA LLP a letter addressed to the
Securities and Exchange Commission stating whether Mazars agrees
with the statements made by the Company in response to Item
304(a) of Regulations S-K and, if not, stating the respects in
which it does not agree. A copy of Mazars letter dated March 14,
2017 is attached as Exhibit 16.1 to this Current Report on Form
8-K.

Item9.01 Exhibits

(d)Exhibits. The following exhibit is furnished with this Current
Report on Form 8-K:

About ASTA FUNDING, INC. (NASDAQ:ASFI)

Asta Funding, Inc. is primarily engaged in the businesses of acquiring, managing, servicing and recovering on portfolios of consumer receivables. The Company operates through four segments: Consumer Receivables, Personal Injury Claims, Structured Settlements and GAR Disability Advocates. The Consumer receivables segment is engaged in purchasing, managing for its own account and servicing distressed consumer receivables, including charged off receivables, semi-performing receivables and performing receivables. The Personal injury claims segment includes the operations of its subsidiary, Pegasus Funding, LLC. The Structured settlements segment includes the operations of CBC Settlement Funding, LLC (CBC). The GAR Disability Advocates segment includes the operations of GAR Disability Advocates, LLC (GAR Disability Advocates). GAR Disability Advocates is a social security benefit and disability advocacy group.

ASTA FUNDING, INC. (NASDAQ:ASFI) Recent Trading Information

ASTA FUNDING, INC. (NASDAQ:ASFI) closed its last trading session up +0.15 at 8.45 with 9,011 shares trading hands.