… a boutique management consulting practice that specializes in the analysis of business opportunities and risks with complex factors and highly uncertain outcomes. Its eponymous acronym refers to the academic and practitioner qualifications of its client service professionals.
The qualifications are necessary because complex business challenges often require the implementation of advanced planning, modeling, and testing functions. AQPQ selects and customizes the paradigms, frameworks, and processes that are developed in academic institutions, and applies them in practical settings.
AQPQ’s senior client service professionals have been practicing as management consultants since the 1980s. They launched their own practice in 1995, and have been serving clients on a continuous basis since then.
Their core expertise resides in the fields of accounting, finance, and economics. They specialize in the development and implementation of strategies that optimize the long term value of initiatives in a sustainable manner.
AQPQ serves clients in all industry sectors, and it has developed functional specialties in valuation, enterprise risk management, business modeling, and strategic planning. Its long-standing client relationships include organizations in the energy, technology, education, and health and human service sectors.
The practice also maintains an evolving expertise in the field of sustainability. Its innovative approach, as codified in its award-winning business case Save The Blue Frog, involves the integration of its assessment and implementation practices into the business activities of an institution, and an unrelenting focus on balancing financial and economic outcomes with social and environmental considerations.
Michael Kraten, PhD, CPA specializes in the development of business strategies that stimulate the generation of long term sustainable value. He maintains areas of expertise in communication techniques, corporate social responsibility, decision analysis, enterprise risk management, entrepreneurship, financial modeling, forensic analysis, sustainability, and valuation.
Dr. Kraten began his career in the assurance, advisory, and management consulting practices of Deloitte, one of the “Big Four” global accounting firms. After serving as a Management Consulting Partner in the New York headquarters office of BDO, then the sixth largest global accounting firm, he co-founded the entrepreneurial consulting practice AQPQ. The acronym refers to the academic and practitioner qualifications of the firm.
He is also a senior Professor at Houston Baptist University (HBU), where he designed and now teaches the graduate courses in entrepreneurial finance, advanced international accounting, and accounting theory, and the undergraduate course in advanced financial accounting.
In addition, Dr. Kraten serves as the Chair of the Division of Accounting, Finance, and Economics programs at HBU, and the Director of Accreditation for all business school programs. Furthermore, he is the Founder and Director of the Faculty Learning Community on Sustainability, and the Founding Faculty Adviser to the Student Accounting, Finance, and Economics Initiative.
Dr. Kraten previously served as an Associate Professor for eight years at Providence College in Rhode Island, where he designed and taught the graduate capstone course for public accounting students and the undergraduate interdisciplinary colloquium on sustainability. The colloquium was sponsored by the Western Civilization program; it integrated content from business and the natural sciences with content from theology, philosophy, history, and english.
He previously taught at Suffolk University in Boston, Maastricht University in the Netherlands, the University of Massachusetts, Sacred Heart University, and the University of Connecticut. He has also presented his work at Dartmouth College, Harvard Law School, Johns Hopkins University, Yale University, and other institutions.
Furthermore, Dr. Kraten founded and directed the Certified Sustainable Value Professional (CSVP) program of the Rhode Island Society of CPAs. He now develops and presents customized accounting, business planning, leadership, risk management, and sustainability seminars for the Business Learning Institute and IHRDC, a global human resources development firm in the energy industry.
These activities have enabled Dr. Kraten to deliver consulting services, courses, keynote addresses, presentations, and workshops for a wide variety of organizations around the world. His client organizations and collaborative partners have included entrepreneurial start-ups, multinational corporations, government organizations, global charities, and international universities on six continents.
Dr. Kraten has published in the Journal of Banking and Finance, the International Journal of Accounting, Research in Accounting Regulation, the CPA Journal, the Journal of Financial Planning, Accounting and the Public Interest, and other major outlets. His handbook Business Planning and Entrepreneurship: An Accounting Approach is published by Business Expert Press.
In addition, Dr. Kraten serves on committees and task forces of the American Accounting Association, and is an officer of the Public Interest Section of the Association. He is on the Editorial Advisory Board of the CPA Journal, the Planning Committee of the Sustainability Investment Leadership Council, and the Advisory Board of the Center for Professional Accounting Practices at Fordham University in New York City.
Dr. Kraten has earned a PhD in Behavioral Accounting from the University of Connecticut and a MPPM in Public and Private Management from Yale University. Previously, he earned a BBA in Public Accounting from Baruch College of the City University of New York. He is licensed as a Certified Public Accountant in the state of Connecticut.
Maureen Kraten, MBA, CSVP specializes in issues regarding global economics, human services, female and minority entrepreneurship, and sustainability. She maintains areas of expertise in business planning, financial analysis, macro-economic planning, and outcomes measurement.
Ms. Kraten began her career in the International Services division of Touche Ross, a firm that later merged with Deloitte, Haskins & Sells to become Deloitte, one of the the “Big Four” global accounting firms. After serving for a decade in the Chief Financial Officer’s office of the Americas division of the Union Bank of Switzerland (UBS), she co-founded the entrepreneurial consulting practice AQPQ. The acronym refers to the academic and practitioner qualifications of the firm.
Ms. Kraten also taught Banking, Economics, and Finance courses for fifteen years at Sacred Heart University in Connecticut. She contributed to macro-economic research activities during her time there, and served as the Director of Performance Outcomes Measurement Systems for the business school during its accreditation process with the Association to Advance Collegiate Schools of Business (AACSB).
More recently, Ms. Kraten designed and taught the Health Care Economics course in the Health Professions program of the University of New Haven. She is currently an Adjunct Professor of Economics and Finance for Houston Baptist University.
Furthermore, Ms. Kraten contributed to the content development and operations functions of the Certified Sustainable Value Professional (CSVP) program of the Rhode Island Society of CPAs. She also became a Certified Management Consultant (CMC) in 2009.
These activities have enabled Ms. Kraten to deliver consulting services, presentations, and workshops for a wide variety of organizations around the Eastern United States. Her client organizations and collaborative partners have included entrepreneurial start-ups, multinational corporations, government organizations, global charities, and international universities on the East Coast of the United States, and in online venues hosted by Australian business organizations.
In addition, in conjunction with an Australian university, Ms. Kraten served on the Planning and Design Committee of a collegiate business education program that was developed for a technologically advanced “Virtual Worlds” platform. She presented her work at Dartmouth College and at a global conference on digital business; her peer reviewed journal article Virtual Reality Systems in Academic Curricula and Corporate Training Programs was later published in the Journal of Digital Business.
Ms. Kraten has earned a MBA in Finance from Sacred Heart University in Connecticut, where she graduated as a member of the Beta Gamma Sigma honor society. She has also earned a BS in Finance and Business from that university, where she graduated Cum Laude.