CPA Australia to terminate around 70 positions due to financial setbacks: Members express frustration

• Originally established as the “Incorporated Institute of Accountants” in 1886, CPA Australia boasts 170,826 members in over 100 countries and regions.
• CPA Australia slashes around 10% of its 600-plus workforce amid mounting losses.
• A few top-notch executives have also departed, or plan to.
• Members of the institute express outrage over soaring fees.

CPA Australia terminates 10% of its staff

CPA Australia, the largest professional accounting body in the country, has initiated a rolling redundancy program.

They plan to reduce their workforce by 60–70 employees out of a total of 600-plus, due to substantial financial losses.