The Royal Australasian College of Physicians revealed on Friday it had been formally notified of an investigation, during which the board will enter into a voluntary compliance agreement with the charities commission to improve board culture and governance.
Reports of governance and culture issues have plagued the RACP for more than a year.
The Sydney Morning Herald reported last year that the organisation was marred by infighting and faced allegations of a bullying culture and mismanagement of a whistleblower complaint.
The RACP also came under fire last year over a botched trainee doctor exam that crashed when held online for the first time.
An independent review into the exam glitch exposed high-level governance failures within the RACP and found the organisation had cut corners during the project.
The Australian Charities and Not-for-profits Commission confirmed to Pro Bono News it has opened an inquiry and commended the RACP for their approach to the issue.
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