Pete Kennedy

Pete is a Director at Cover & Rossiter and the head of the Audit practice. He has developed an expertise in public sector and nonprofit accounting, auditing and tax issues and is privileged to work with many of the region’s leading nonprofit institutions. Pete is responsible for the firm’s quality control policies and procedures and ensures that Cover & Rossiter meets or exceeds all professional standards.

With over 30 years of experience in the accounting field, in addition to his experience with nonprofits and public sector organizations, Pete has worked in many diverse fields including manufacturing, construction, and professional and financial services. Prior to joining Cover & Rossiter, Pete worked for three years with a regional accounting firm in Philadelphia and for three years with a medical equipment manufacturer as a cost accountant (he has since recovered).

A 1985 graduate of Clarkson University, Pete holds a Bachelor’s degree in accounting and currently holds active licenses in both Pennsylvania and Delaware. He is affiliated with both the Pennsylvania Institute of Certified Public Accountants and the American Institute of Certified Public Accountants.

Pete was named to the Financial Accounting Standards Board’s (“FASB’s”) Not-For-Profit Financial Statement Project Resource Group. This was a national group of 20 individuals recognized for their not-for-profit accounting expertise that the FASB had consultations with to improve not-for-profit financial statements. This process involved trips to the FASB’s Headquarters in Norwalk, CT, numerous conference calls and requests for comment, review and vetting of pre-release drafts, and culminated in the August 2016 release of the FASB’s Accounting Standards Update #2016-14 – the most significant re-write of not-for-profit financial statement rules in the past 20 years. Additionally, under Pete’s direction, Cover & Rossiter regularly follows and responds to exposure drafts which have the potential to impact our public sector clients – we are most often the only Delaware firm to do so.

Pete is a member of the Council of Advisors of Christiana Health System and just completed a six-year term as a member of the Finance Committee. He is actively involved with the Delaware Community Foundation (DCF), where he currently serves as Board Treasurer. Pete also serves on the Board of Directors of the Delaware College Scholars, where he serves as Treasurer, and the Delaware State Employee Benefit Plans Management Board, where he chairs the Audit and Governance Committee. Finally, Pete is a member of the EastSide Charter School Citizens’ Budget Oversight Committee.

Pete is retired from the Navy Reserve after twenty-one years of service (six years of active duty and the last fifteen as a Reservist). He enjoys spending time with his family and volunteers as an assistant baseball coach and as a cash counter for his church.

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