Worrells Solvency & Forensic Accountants (Worrells) has handed ASIC its report about the collapse of advisory firm Storm Financial (Storm).
Worrells, the liquidators of Storm, finalised the report and delivered it to the corporate regulator earlier this week, a Worrells spokesperson said.
Due to the confidential nature of the report, details of the findings could not be disclosed, the spokesperson said.
ASIC would not comment on any details on the report.
"We can't confirm or deny if the liquidators have delivered their report," an ASIC spokesperson said.
In July this year, Worrells secured funding from ASIC to enable the liquidators to hold a public examination into the examinable affairs of Storm.
The public examination, which began last month, has so far cost more than $100,000, according to Worrells accounts and statements filed with ASIC on 23 October 2009.
The corporate regulator has paid out $55,988.14 for the public examination under the indemnity funding within its Assetless Administration Fund.
Other costs involved in the public examination include close to $50,000 in Worrells remuneration fees, and more than $8000 in other legal costs.
More than 500 creditors of Storm are seeking over $82 million in unpaid funds.
Worrells has 564 creditors on its books - one secured creditor seeking $10 million and 563 seeking more than $72 million, documents said.
