Editing CPA Australia (section)

==History==
The current form of CPA Australia dates from 1952, when the Commonwealth Institute and Federal Institute merged to create the Australian Society of Accountants. In July 1990 the name changed to the Australian Society of Certified Practising Accountants, and in April 2000, the name became CPA Australia.<ref>CPA Australia Handbook, 1995, p11021</ref><ref>{{cite web |title=CPA Australia logo evolution |url=http://www.cpaaustralia.com.au/newsletters/cpa-australia-125-year-logo-evolution.pdf |publisher=CPA Australia |access-date=4 September 2023 |archive-url=https://web.archive.org/web/20110420011323/http://www.cpaaustralia.com.au/newsletters/cpa-australia-125-year-logo-evolution.pdf |archive-date=20 April 2011}}</ref>

The main predecessor bodies of the Society, with year of formation, were:
*Incorporated Institute of Accountants, 1886 
*Federal Institute of Accountants, 1894
*Association of Accountants of Australia, 1910
*Australasian Institute of Cost Accountants, 1920

===2017 CEO controversy===
The CEO of CPA Australia from 2009, [[Alex Malley]], came under significant criticism in the media and from CPA members in 2017 for his A$1.8 million annual salary and for the significant amounts of CPA funds going towards promoting Malley and his personal interests, such as [[In Conversation with Alex Malley|a paid television show]] and Malley's autobiography.<ref name="Aston"/> The scandal surrounding Malley, combined with broader member discontent over executive changes that made the board unaccountable and debts accrued from the establishment of a financial planning arm, led to the resignation of the CPA president Tyrone Carlin in May 2017, and then to two board members resigning a week later in June 2017. The resigning board members, [[Richard Alston (politician)|Richard Alston]] and Kerry Ryan, cited the presence of "board allies of chief executive Alex Malley" refusing to "allow a wide-ranging review of Mr Malley and the organisation" as their main reason.<ref name=AFR>{{cite news|last1=Aston|first1=Joe|last2=Tadros|first2=Edmund|last3=Patrick|first3=Aaron|last4=Durkin|first4=Patrick|title=Richard Alston quits CPA Australia board over governance|url=http://www.afr.com/business/accounting/richard-alston-quits-cpa-board-over-governance-20170607-gwmemo|accessdate=21 March 2018|agency=Australian Financial Review|date=7 June 2017}}</ref> The board resignations had also followed former Future Fund Chairman and Commonwealth Bank CEO, [[David Murray (Australian businessman)|David Murray]], who resigned his 40-year CPA membership in response to what he saw as poor management within CPA.<ref name=AFR/>

On 15 June, a further three directors resigned due to the expanding scandal surrounding Malley and the remaining board initiated an "independent review" of all claims made against CPA and its CEO, to be chaired by former chief of the Australian Defence Force, [[Angus Houston|Sir Angus Houston]].<ref name="Aston">{{cite news|last1=Aston|first1=Joe|title=Alex Malley: What a difference a year makes|url=http://www.afr.com/news/economy/alex-malley-what-a-difference-a-year-makes-20180123-h0n1o3|accessdate=21 March 2018|agency=Australian Financial Review|date=24 January 2018}}</ref> However, even the decision to create the review came under criticism when it was revealed that Houston had appeared as guest on Malley's TV program and had written a glowing foreword in Malley's book.<ref>{{cite news|last1=Letts|first1=Stephen|title=CPA chief Alex Malley keeps his job but faces 'fiercely independent' review over ongoing controversy|url=http://www.abc.net.au/news/2017-06-16/cpa-chief-alex-malley-keeps-job-as-review-established/8625388|accessdate=21 March 2018|agency=ABC News|date=16 June 2017}}</ref> Houston later resigned his post in favour of former [[Australian National Audit Office|Commonwealth Auditor-General]], Ian McPhee.<ref name="Aston"/>

Facing a significant swelling of discontent amongst CPA members, in June 2017 it was announced that the CPA board had terminated the contract of Malley, resulting in CPA paying out the remainder of his contract to the sum of A$4.9 million.<ref>{{cite news|last1=Hobday|first1=Liz|title=CPA terminates contract with chief executive Alex Malley|url=http://www.abc.net.au/news/2017-06-23/cpa-terminates-contract-with-chief-executive-alex-malley/8648212|accessdate=21 March 2018|agency=ABC News|date=24 June 2017}}</ref><ref>{{cite news|last1=Aston|first1=Joe|last2=Tadros|first2=Edmund|title=CPA Australia CEO Alex Malley sacked|url=http://www.afr.com/leadership/cpa-australia-ceo-alex-malley-sacked-20170623-gwxn30|accessdate=21 March 2018|agency=Australian Financial Review|date=23 June 2017}}</ref> On the developing scandal, ''[[Sydney Morning Herald]]'' journalist Colin Kruger noted: "Accountancy is meant to be the profession of sober financial clarity. [...] Not the sort of profession for flashy types, accountants are meant to be the score keepers, not the goal scorers. It makes the lack of accountability, and financial clarity, from the top accounting body in Australia – CPA Australia – all the more incongruous."<ref>{{cite news|last1=Kruger|first1=Colin|title=Alex Malley, CPA Australia's 'Naked CEO' who walked off with $4.9m|url=https://www.smh.com.au/business/alex-malley-cpa-australias-naked-ceo-who-walked-off-with-49m-20170622-gww5jx.html|accessdate=21 March 2018|agency=The Sydney Morning Herald|date=26 June 2017}}</ref>

In August 2017, it was announced that the remaining board members would resign their positions at the end of the year, to make way for an entirely new board.<ref>{{cite news|last1=Tadros|first1=Edmund|title=Inside story of Alex Malley's final days at CPA Australia|url=http://www.afr.com/business/accounting/inside-story-of-the-alex-malleys-final-days-at-cpa-australia-20170727-gxjr73|accessdate=21 March 2018|agency=Australian Financial Review|date=7 August 2017}}</ref> The subsequent review report released in September 2017 found that the "chief executive was overpaid, [CPA Australia] had lost touch with its members and provided questionable value for money for the services it rendered."<ref>{{cite news|last1=Letts|first1=Stephen|title=CPA review finds CEO overpaid and organisation 'out of touch' with members|url=http://www.abc.net.au/news/2017-09-14/cpa-review-finds-ceo-overpaid-and-out-of-touch-with-members/8947318|accessdate=21 March 2018|agency=ABC News|date=15 September 2017}}</ref> In addition to CPA's "over-emphasis on marketing and brand building activities that centred on the former CEO", the review in particular noted the excessive CEO's salary, with its many increases over several years not being justified by organisational growth.<ref>{{cite news|last1=Pash|first1=Chris|title=CHARTS: How the salary of CPA Australia's chief executive grew faster than membership|url=https://www.businessinsider.com.au/charts-how-the-salary-of-cpa-australias-chief-executive-grew-faster-than-membership-2017-9|archive-url=https://web.archive.org/web/20170914085603/https://www.businessinsider.com.au/charts-how-the-salary-of-cpa-australias-chief-executive-grew-faster-than-membership-2017-9|url-status=dead|archive-date=September 14, 2017|accessdate=7 May 2018|agency=Business Insider Australia|date=14 September 2017}}</ref> On 1 October 2017 an entirely new board took office, headed by Peter Wilson as president and chairman, and on 3 April 2018 a new CEO, Andrew Hunter, was appointed to take over from the interim CEO since Malley's departure, Adam Awty.<ref>{{cite news |title=CPA Australia Board Announced |url=https://www.cpaaustralia.com.au/media/media-releases/28-september-2017 |date=28 September 2017 |archive-url=https://web.archive.org/web/20190329223439/https://www.cpaaustralia.com.au/media/media-releases/28-september-2017 |archive-date=29 March 2019 |format=Media Release}}</ref><ref>{{cite news |title=CPA Australia Announces New CEO |url=https://www.cpaaustralia.com.au/~/media/corporate/allfiles/document/media/media-release/cpa-australia-announces-new-ceo-23-march-2018.pdf?la=en |access-date=4 September 2023 |publisher=CPA Australia |date=23 March 2018 |archive-url=https://web.archive.org/web/20190329223319/https://www.cpaaustralia.com.au/~/media/corporate/allfiles/document/media/media-release/cpa-australia-announces-new-ceo-23-march-2018.pdf?la=en |archive-date=29 March 2019 |format=Media Release}}</ref> In January 2019, following the recommendations of the 2018 AGM, Malley and three previous directors (Penny Egan, former president Richard Petty, and Graeme Wade) were stripped of their Life Memberships by the Board for their involvement in the controversy.<ref>{{cite news|last1=Taurian|first1=Katarina|title=Alex Malley, former directors stripped of CPA life memberships|url=https://www.accountantsdaily.com.au/business/12595-alex-malley-former-directors-stripped-of-cpa-life-memberships|agency=accountantsdaily|accessdate=17 Sep 2020|date=31 Jan 2019}}</ref><ref>{{cite news |title=Statement from the Board |url=https://www.cpaaustralia.com.au/media/media-releases/31-january-2019 |access-date=4 September 2023 |publisher=CPA Australia |date=31 January 2019 |archive-url=https://web.archive.org/web/20190327123802/https://www.cpaaustralia.com.au/media/media-releases/31-january-2019 |archive-date=27 March 2019 |format=Media Release}}</ref><ref>{{cite news |last1=Durkin |first1=Patrick |last2=Tadros |first2=Edmund |title=Fiery CPA AGM calls for stripping Alex Malley's life membership |url=https://www.afr.com/companies/professional-services/fiery-cpa-agm-calls-for-stripping-alex-malleys--life-membership-20180522-h10egb |access-date=4 September 2023 |publisher=The Australian Financial Review |date=22 May 2018}}</ref><ref>{{cite news |last1=Aston |first1=Joe |title=Malley, Petty, Wade, Egan stripped of CPA life membership |url=https://www.afr.com/rear-window/malley-petty-wade-egan-stripped-of-cpa-life-membership-20190130-h1ao77 |access-date=4 September 2023 |publisher=The Australian Financial Review |date=30 January 2019}}</ref>

In March 2024, CPA announced Chris Freeland as their new CEO.