ASIC has issued its first annual report into its supervision of registered liquidators using it to highlight its areas of focus. Report 287 ASIC regulation of registered liquidators: January to December 2011 shows ASIC completed more than 200 reviews examining issues including practitioner independence, competence and remuneration. Key statistics from REP 287: (i) ASIC opened eight formal investigations into registered liquidators. At year end it had 10 open investigations; (ii) ASIC received and analysed 426 reports of alleged misconduct concerning registered liquidators; and (iii) Reports of alleged misconduct and enquiries against registered liquidators average 3.5% of the total 75,951 reports and enquiries ASIC received across all its areas over the five and a half years to 31 December 2011. ASIC completed more than 200 reviews examining issues including practitioner independence, competence and remuneration.