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Senior staffers at the corporate watchdog expressed concerns that Slater & Gordon's accounting methods "did not appear fully consistent" with their analysis before the embattled law firm eventually booked multimillion-dollar write-downs.
Documents obtained through a Freedom of Information request reveal intense internal scrutiny among ASIC staffers with regard to Slater & Gordon's accounting treatment of recognised revenues, work in progress and goodwill, and deferred tax liabilities.
Read the full story in the Australian Financial Review.