At a meeting today the board decided to terminate Mr Malley's contract.
CPA Australia has made a payment of $4.9 million, in accordance with its obligations.
Chief operating officer Adam Awty has been appointed as interim CEO. His remuneration for this period will remain as per his current role.
The board will be shortly seeking further expressions of interest for casual vacancies that have arisen from resignations midterm.
More to come.
The not-to-be-missed Accountants Daily Strategy Day will travel through Melbourne and Sydney in August to equip accounting professionals with the latest industry updates and tips for modern practice management as well as the latest cutting-edge technology, processes, strategies and trends shaping the future of accounting. Visit the website for more information: www.accountantsdaily.com.au/strategy-day
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