Image of Kimberly M. Shult

Kimberly M. Shult

Partner, CPA
612 876 4912

Kimberly Shult, a partner in the higher education/not-for-profit/governmental services group, has been with Baker Tilly Virchow Krause, LLP since 1996. She specializes in providing financial and single audits for colleges, universities, governmental entities, and not-for-profit organizations.


  • Partner-in-charge of financial audits of counties and municipalities, municipal electric, water and sewer utilities, public housing authorities, redevelopment authorities, and special districts
  • Partner-in-charge of financial audits for colleges, universities, and not-for-profit organizations
  • Partner-in-charge of audits of government programs for federal awards received by colleges and universities, including student financial assistance cluster, research and development cluster, and TRIO programs
  • Partner-in-charge of audits of federal and state awards for governmental entities, including counties, municipalities, and public housing agencies
  • Assists clients with implementation of new accounting standards
  • Reviews regulatory reports for municipalities and municipal utilities
  • Develops rate studies for water and sewer utilities
  • Reviews Comprehensive Annual Financial Reports which have been awarded a Certificate of Achievement for Excellence in Financial Reporting
  • Presents at firmwide training sessions on topics such as single audits, endowment accounting, and not-for-profit financial statement disclosures
  • Firm engagement quality reviewer for government and not-for-profit financial and single audit engagements
  • Provides a variety of accounting and budget assistance to municipalities
  • Presents financial and audit reports to local government and not-for-profit boards and committees
  • Licensed CPA in Wisconsin, Minnesota, and North Dakota


  • American Institute of Certified Public Accountants
  • Wisconsin Institute of Certified Public Accountants
  • Government Finance Officers Association – GFOA Special Report Review Committee
  • Wisconsin Government Finance Officers Association
  • National Association of College and University Business Officers
  • Central Association of College and University Business Officers
  • National Association of Student and Financial Aid Administrators
  • Minnesota Association of Financial Aid Administrators
  • Speaks on accounting and auditing topics at industry conferences
  • Chippewa Valley Theatre Guild – Board member, Treasurer and Finance Committee Chair
  • Eau Claire Chamber of Commerce – Leadership Eau Claire Class of 2014

Thought Leadership

  • Speaks on accounting and auditing topics at industry conferences


University of Wisconsin – Eau Claire
Bachelor of Business Administration in accounting

Continuing Education

  • Baker Tilly, Higher Education College/University Annual Training
  • Baker Tilly, Quarterly A&A Update (multiple sessions)
  • Baker Tilly, Public Sector Single Audit Training (multiple sessions)
  • Baker Tilly, Public Sector Accounting and Auditing
  • Baker Tilly, HIPAA Training
  • Baker Tilly, OMB Grant Reform
  • Baker Tilly, GASB 67 and 68 Training
  • Baker Tilly, Firmwide Assurance Service Line Conference
  • Becker Professional education, Independence - Historical Insights and Today's Rules
  • Government Finance Officers Association, Annual Governmental GAAP Update
  • Wisconsin Institute of Certified Public Accountants, School District Conference