Dick Smith receiver Ferrier Hodgson will publicly question former directors of the iconic electronics chain after uncovering what are understood to be "serious issues" during its investigation into the lead up to its collapse in January.

The Australian Securities and Investments Commission has already granted Ferrier Hodgson permission to examine individuals linked to the failed business and it's believed this will include its former board.

Ferrier Hodgson will not comment on the examination process or how many individuals it has reached out to but a source close to the receiver said it would be surprising if the examination did not include the directors.

"There's no way someone would fund an examination and not question those individuals," he said.