The Public Company Accounting Oversight Board (PCAOB) has issued the findings of its inspection of Big 4 firm PricewaterhouseCoopers (PwC).
Following the US accounting regulator's review of PwC, it has announced the firm has been given a clear bill of health, reports Accountancy Magazine.
The PCAOB checked the firm's quality control system and its auditing service's practises, policies and procedures.
It concluded that nothing was identified which could be considered a "quality control defect".
Richard Sexton, PwC head of assurance, said in a letter to the PCAOB: "I am very pleased that no issues or criticisms are identified within the report and that you recognise the commitment of our partners and staff to the delivery of high quality audits which serve the public interest."
PwC recently unveiled Achim Bauer as its new partner is its European insurance practise.
The new appointment took up his new role in the firm on October 14th.
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