Is the PCAOB really investigating PwC for its role in the Mattel mess?

I may be wrong, but I seriously doubt it.

Despite what I’ve told you, some of you remain hopeful that the politically captured PCAOB is still on the job, protecting investors, just because there was a story in Bloomberg in November that the regulator is, reportedly, investigating PwC for its role in the Mattel “Big R” restatement.

Accounting giant PwC’s work for Mattel Inc. is being reviewed by…