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BRIEF-ASIC notes Slater and Gordon's decision to reduce asset values

Published 29/02/2016, 10:11 am
© Reuters.  BRIEF-ASIC notes Slater and Gordon's decision to reduce asset values

Feb 29 (Reuters) - ASIC :

* notes Slater and gordon's decision to reduce asset values

* has now discontinued its inquiries in relation to s+g's financial reports for the years ended 30 June 2014 and 30 June 2015

* asic has not approved or disapproved of s+g's use of the percentage of completion basis of accounting for fee revenue

* s+g's financial reports for the half year ended 31 December 2015 and subsequent reporting periods may be selected for review in the future

* proactively reviews 340 financial reports of listed entities and other public interest entities each year

* Source text for Eikon ID:nASX94JkF3

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