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Chartered Accountants Australia and New Zealand (CA ANZ) has outlined its work with the regulators in light of the CPA saga, and moved to defend the broader accounting profession in light of the public fallout.
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CA ANZ responds to CPA saga
27 June 2017
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In response to the legal indemnity issues facing CPA Australia members due to hold-ups with its application to the Professional Standards Council (PSC), CA ANZ said it is assessing options with the regulators for its members who are partners in CPA Australia firms.
The statement, which was sent to members this afternoon, co-signed by chair Murray Jack and president Cassandra Crowley, also addressed public playout of the CPA saga, in defence of the profession as a whole.
“While this is a matter for CPA Australia to comment and reflect on, these events should not detract from the important work that accountants do every day to build businesses and contribute to communities across Australia, New Zealand and internationally, be they members of Chartered Accountants ANZ, or any other professional organisation,” the statement said.
Rick Ellis, CA ANZ’s new chief executive, will have his salary disclosed in the association’s annual report, released in November this year. A spokesperson for CA ANZ told Accountants Daily that the association is looking at additional transparency measures ahead of the report’s release.
Outgoing chief executive Lee White disclosed his base salary several weeks ago for 2017 as $600,000. This number is inclusive of superannuation.
In 2016 there was an ‘at risk’ performance component to Mr White’s total remuneration of an additional 28 per cent to this base. This performance component is subject to achieving KPIs that are set and agreed by the board.
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