PwC UK gets clean bill of health from PCAOB

After inspecting
(PwC) operations in the UK, the
Company Accounting Oversight Board
(PCAOB) in the US has given the Big Four
firm a clean bill of health.

In addition to evaluating the quality of the audit work performed on specific
audits, PVAOB’s inspection included a review of some of the firm’s practices,
policies and procedures in relation to audit quality.

The report concluded the inspection team did not identify anything it would
consider ‘a quality control defect that warrants discussion in a board
inspection report’.

‘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,’ Richard
Sexton, PwC head of assurance, said in a letter to the PCAOB.

Further reading:

PCAOB hands PwC 10th birthday present

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