Slater & Gordon motors through ASIC investigation, page-7

Member posting was merely providing article (and header) chosen by the source - which most likely due to absence of any ASIC release as to breaches, with such a long time already afforded the investigation (and which is widely touted as coming to a completion soon) may have been construed by the media source as SGH 'motoring through' the investigation.

Insider information, doubt poster would have, but some media outlets do have their "sources" (on and off the record).

Why restating their accounts? IMO: to be ultra conservative (which should significantly appease the very risk averse constituents of Mr. Market); and appease the regular ASIC (with a side bonus of SGH given ASIC some public credo that ASIC 'does make a difference'.

http://asic.gov.au/about-asic/media...on-slater-gordon-limited-financial-reporting/

15-235MR Statement on Slater & Gordon Limited financial reporting

ASIC today welcomed the decision by Slater & Gordon Limited (Slater & Gordon) to reclassify certain assets as non-current assets in its results for the year ended 30 June 2015.

Following ASIC’s enquiries, Slater & Gordon has reclassified part of its debtors and disbursement assets as non-current assets. ASIC also notes the early adoption of accounting standard AASB 15 Revenue from Contracts with Customers.

ASIC is continuing its other enquiries in relation to financial reporting by Slater & Gordon.