http://www.afr.com/brand/rear-window/cp ... 611-h11807
AFR 11 June 2018:- CPA seeks new auditors after Deloitte resignation
by Myriam Robin
After a 13-year relationship with Deloitte, CPA is on the hunt for a new auditor.
"The Board of CPA Australia has decided to submit the role of Auditor for the 2018 CPA Australia Annual Accounts to a competitive tender of appropriate auditing firms," CPA chair Peter Wilson told members last Friday, adding that Deloitte had indicated earlier that week it wouldn't participate in the tender process, though would stick around for the transition.
The way we hear it happened, the big-four firm resigned some time after CPA's May 22 AGM, where a band of disgruntled members put forward a motion demanding the removal of CPA's auditor Mark Stretton. All of the rebel motions failed to formally get up after 75 per cent of proxies voted pre-meeting for the CPA board's motions, but Deloitte has stepped away regardless.
During last year's CPA implosion – when the company's board and CEO Alex Malley resigned after member fury over executive pay revelations and other corporate governance concerns – Deloitte's staff were dragged into attempts by CPA members to have CPA fully disclose things like director pay. However much Deloitte was paid for auditing CPA, we bet it wasn't worth the headache.
|Merry Christmas to Peter Wilson. When it was suggested that Peter Wilson should be independent of the old board so that we can have a fresh start Peter responded with "That's your issue". Summary of the meeting here: viewtopic.php?f=23&t=594|
A good summary of where we are up to by Joe Aston of the AFR, linked to from here: viewtopic.php?f=5&p=4137#p4137
If you are new to this website read the story so far: viewtopic.php?t=321#p1793
Check out some of the AFR articles, too many to list and check out some of the ABC reports: http://www.afr.com/business/accounting/ ... 215-h055ej http://www.afr.com/business/accounting/ ... 211-h02x1d http://www.abc.net.au/news/programs/the ... s,/8626662
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