About Kimberley

Kimberley Waite is a partner in the Firm’s Assurance Services division and a member of the Employee Benefit Plan group. She joined Marcum in 2015 via the Firm’s merger with Frost, Ruttenberg, & Rothblatt P.C., one of the largest full-service accounting firms in the Chicago region.

Kimberley honed her auditing skills after joining FROST in 1991, with a particular emphasis on employee benefit plans, not-for-profit organizations, common interest realty associations and healthcare organizations. Additional clients include HUD projects, professional services firms and schools. She specializes in keeping up-to-date on the latest developments and technical issues, and regularly counsels her not-for-profit clients on financial issues and industry trends to help them operate more efficiently.

Clients attribute their long-term relationships with Kimberley to her technical expertise, above the call-of-duty client service and detail-oriented analytical skills. Her technical acumen and commitment to training earned her membership on the FROST’s Quality Control Committee.

She is a frequent speaker on accounting and audit issues for Common Interest Realty Associations through Community Association Institute. She has also spoken on not-for-profit topics for the Illinois CPA Society and at healthcare conferences for LeadingAge Michigan.

Among her accomplishments, Kimberley:

  • Improved the business office processes and procedures for a not-for-profit client, resulting in substantial savings.
  • Uncovered an investment firm accounting error that recovered a substantial sum of money for a homeowners association account.
  • Counseled a retailer on how to significantly reduce its tax liability.
  • Reviewed loan commitments from different banks for a group of skilled care facilities to ensure the covenants were attainable and that the terms were favorable.

Professional & Civic Affiliations

  • American Institute of Certified Public Accountants (AICPA)
  • DFK International – Not-for-Profit Committee, Employee Benefits Committee, A&A Committee
  • Illinois CPA Society – Not-for-Profit Committee, former member and past chair;
  • CPA Endowment Fund of Illinois Board of Directors

Articles, Seminars & Presentations

  • Can You Be the Biggest Loser? Let’s Figure Out How To Trim The Fat Out of Your Budget, Fall 2012
  • So you Think Your Association’s Assets Are Safe – Are You Sure?, Common Interest, 2010
  • Assessment Collections: A Challenge for Associations, Common Interest, 2009
  • Compilation, Review, Audit: Which is Best for Your Association?, Common Interest, 2006
Practice Focus

Employee Benefit Plan Audits
Not-for-Profit Audits
Common Interest Realty
Association Audits
Healthcare Organizations
Accounting and Audits
HUD Audits

Industry Focus

Employee Benefit Plans
Nonprofit Organizations
Common Interest Realty Associations
Healthcare Organizations
HUD Projects
Professional Services Firms


Bachelor of Science, Accounting
University of Illinois