It's taken us a while to get a spare few hours in the rocking chair with Ian McPhee's independent review into CPA Australia and a mug of Milo but, now that we have, we are genuinely flabbergasted.
The former Commonwealth Auditor-General – abandoned by former Defence Force chief Angus Houston but assisted by company director Su McCluskey, Allens partner Maryjane Crabtree and governance expert Bob Baxt – padded out the front of his 111-page report, released on Thursday, with some strongly worded and earnest findings: that Alex Malley's pay was excessive, that its spending on building Malley's profile was money wasted (especially its "entertainment-related" sponsorship of Malley's NRL team South Sydney), that the board mishandled its response to the public outcry at its governance and expenditure and that the weakened body needed a clean out.