New rumblings over CPA Australia Advice
New rumblings have emerged within major accountancy group CPA Australia – this time over a review commissioned by the organisation into its advice subsidiary – CPA Australia Advice.
One of the CPA Australia members who raised issues which led to the eventual departure of CPA Australia’s former chief executive, Alex Malley has now used social media to point to $600,000 paid to consultancy PwC to examine what went on with respect to CPA Australia Advice.
The member, Brett Stevenson said that with revenue of just $47,000, CPA Australia Advice had after 19 months incurred expenses of $7,451,000 of which $1,580,000 was paid to CPA Australia directors and senior management.
He claimed that in recommending the shut-down of CPA Advice, the PwC report had actually stated the obvious.
Stevenson has questioned whether tenders were called for the review of CPA Australia Advice before it was awarded to PWC.
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