Malone Bailey is legitimate. They started out small, but have by now grown quite large. Most of their practice is in penny stocks, so they know what they're like.
They'll be aware of the SEC suspension, and I think as a result they'll make sure they aren't signing off on anything that isn't okay.
I contacted them earlier just asking to confirm or deny they are working on the audit as stated in the CYPE press release. They told me they will not disclose information on any current, prospective, or future clients and that I should contact the company with questions. So I got no info.