The firm was originally organized by William A. Shute, who held a Colorado CPA certificate and moved to Waterloo, Iowa, in the early 1930s. Mr. Shute obtained his Iowa residency and held an Iowa CPA certificate number 112, dated April 4, 1934, and signed by Ira B. McGladrey.

In the late 1930s, the firm became Brooks, Shute Company. Subsequent to that, James F. Carney joined the firm and it became Carney – Brooks Company in 1943. Richard E. Lynch joined the firm in the late 1940s and the firm changed its name to Carney, Lynch Co. In 1953, Robert J. Alexander and Fred W. Marold were admitted as partners and the firm name became Carney, Alexander, Marold & Co.

From 1953 to the present, a succession of partners in the firm have provided a wide range of accounting, tax and business consulting services to our clients.

Carney, Alexander, Marold & Co., L.L.P., is a local Certified Public Accounting firm. Our partners and staff pride themselves on knowing their clients and providing them close, personalized attention.

We are members of the American Institute of Certified Public Accountants and the Iowa Society of Certified Public Accountants. Our firm’s accounting and auditing practice is subject to a peer review every three years. We feel this is an important step in our maintenance of a quality accounting practice.


Auditing is a very important part of our practice,we are highly trained and experienced in a wide variety of industries. more
Carney, Alexander, Marold & Co. offers professional assistance with the preparation of financial statements. more
Income Tax
We are committed to providing timely, informative assistance to our clients on income tax matters. more
Estate & Gift Tax
Proper estate planning can assist taxpayers in reviewing the many options available to them. more
Business Valuation
In the normal course of business, the actual fair market value of an ownership interest in a closely-held company is frequently needed. more
Carney, Alexander, Marold & Co. regularly assists our clients in answering questions concerning income tax, estate tax, and general business consulting. more
Bookkeeping & Payroll
Many of our small-business clients need assistance performing basic accounting functions. more