Slater & Gordon Limited
(ASX:SGH) has refuted reports claiming its accounting practices are subject to an examination by the Australian Securities and Investments Commission (ASIC).
The legal firm has also denied recently engaging accounting firm EY to undertake its UK audit in response to preliminary inquiries from ASIC.
While the report stated, “There is no suggestion of any wrongdoing and it is not clear what prompted the regulator to look into the issue,” Slater & Gordon says both contentions are incorrect and misleading.
The report comes on the same day Slater & Gordon is set to hold its strategy day in Sydney.
Slater & Gordon reported a net profit of $33.73 million in the first half of the 2015 financial year.
