Kenneth
Malloy 
CPA, MMKR Audit Principal and Managing Partner
PROFESSIONAL QUALIFICATIONS
Ken
Malloy was a co-founding partner of MMKR.
Since 1977 he has gained professional accounting experience in the areas
of governmental and nonprofit organizations.
Prior to starting MMKR, he served as the Partner-in-Charge of a premier
Minneapolis accounting firm. And now, Ken’s expertise provides MMKR’s clients with solutions tailored to their
unique needs and regulatory standards.
To keep current with the latest in legislation affecting governmental and nonprofit industry organizations, Ken is an active participant in multiple governmental accounting professional groups, and receives more than 40 hours annually of continuing professional education, a portion of which ensures his compliance with government auditing standards. This training is added to a foundation of his Bachelor of Arts degree in accounting from the University of St. Thomas.
SERVICE EXPERTISE
Ken provides MMKR clients with
a wealth of both consultative and financial services:
Consulting Services
 | Implements management audits |
| Reorganizes finance departments |
| Projects and manages cash flow |
| Evaluates, revises and installs accounting and
internal control systems |
| Evaluates candidates for key fiscal management
positions |
| Creates ideas and provides justification for
special state legislation
|
Financial Services
| Audits municipalities, school districts and other related organizations, such as utilities, foundations, pension reliefs, enterprise operations and joint powers commissions |
| Prepares comprehensive annual financial
statements for governmental organizations |
| Assists clients in securing and retaining
industry certificates of achievement in their accounting practices |
| Audits federal, state and local grant programs |
| Designs and installs property and equipment
record systems |
| Conducts fiscal and budgetary planning and
projections |
| Investigates financial irregularities and
potential embezzlement scenarios |
PROFESSIONAL
MEMBERSHIPS AND ACTIVITIES
Ken is an active member of the following professional
organizations:
| Minnesota
and national chapters of the Institute of Certified Public Accountants |
| Minnesota
and national chapters of the Government Finance Officers’ Associations |
| Minnesota
Association of School Business Officials |
He has also served these organizations in the following
capacities:
| Participated
on the Minnesota Society of Certified Public Accountant’s Governmental
Accounting and Auditing Committees
| ||||||
| Delivered presentations on rate studies, microcomputer applications, technical and quality reviews, and in obtaining a Certificate of Achievement for Excellence in Financial Reporting | ||||||
| Special review member for the GFOA Certificate of Achievement for Excellence in Financial Reporting |
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