The Securities and Exchange Commission has closed its review of Apple’s finances, AllThingsD reports, as Apple has apparently been cleared of wrongdoing regarding its tax policies and its handling of overseas cash. The company has taken heat for its tax policies since a U.S.
Senate subcommittee accused Apple of tax avoidance in May. But the SEC sent a letter to Apple in September stating its review had been completed.
Apple’s disclosures were apparently sufficient enough to avoid SEC action..