To uncover why the retailer went under.
Dick Smith receiver Ferrier Hodgson will question former directors of the electronics retailer after uncovering concerns during its investigation ahead of its collapse in January.
The Australian Securities and Investments Commission has already granted permission for Ferrier Hodgson to examine Dick Smith’s former board and find out why the business failed.
Ferrier Hodgson will report back to ASIC on the examinations and the corporate watchdog is likely to take action based on the result of these interrogations, which are conducted in public and the subjects answer questions under oath.
At the time of its collapse Dick Smith directors included chair Robert Murray, managing director and chief executive Nick Abboud, independent non-executive director Jamie Tomlinson, independent non-executive director Lorna Raine, independent non-executive director Robert Ishak and chief financial officer Michael Potts.
The administrators McGrath Nicol is expected to publish its report in early July and the examinations are likely to take place later this year.
Ferrier Hodgson has been contacted for comment.