PricewaterhouseCoopers apparently desperate for clients
How desperate is an auditing firm for clients when it proudly takes on a client like Usana Health Sciences???
SALT LAKE CITY–(BUSINESS WIRE)–USANA Health Sciences Inc. (NASDAQ:USNA – News) announced today that it has appointed PricewaterhouseCoopers LLP (PwC) as the Company’s new independent registered public accounting firm.
“We are pleased to engage PwC, a global leader in the accounting profession, as our independent auditors,” said Ronald S. Poelman, chairperson of the USANA audit committee. “The audit committee had the opportunity to review proposals from several top accounting firms, and we greatly appreciate the efforts of those firms. Ultimately, we chose to engage with PwC both because of their expertise and their global resources. PwC is an ideal match for USANA, given the Company’s sustained record of growth in 13 international markets.”
“PwC has a history of bringing top-notch talent and professionalism to each of its assignments, and we look forward to working with their team,” said Gilbert A. Fuller, USANA’s executive vice president and chief financial officer. “We are pleased to be in a position to appoint an independent auditor befitting our status as a global leader in the manufacturing and marketing of high-quality nutritional supplements.”
PricewaterhouseCoopers is expected to immediately begin reviewing the Company’s financial results filed in USANA’s Form 10-Q for the quarter ended June 30, 2007. Once these results have been reviewed, USANA expects to file an amended Form 10-Q with the Securities and Exchange Commission (SEC).
The Company will also file a Form 8-K containing additional information on the engagement of PwC.
Note to PwC: You could still get out of this with your dignity and reputation intact. Drop Usana as fast as you can and start apologizing for your blunder. The sooner, the better.
Tracy, remember what the P in PWC stands for. This could not have come cheap for Usana
You mean it’s one more way that Usana management is spending shareholder money???
There is so much hate here for USANA, it’s almost a joke! I truly believe in the “SECRET”. I know without a doubt, that USANA will be redeemed. For all this trash talk against a well meaning company and people, such as Dennis Waitley, Ladd MacNamara (who was an MD and still has knowledge about medicine and health care) and many other people in USANA. USANA has been a very respected company with 15 years of nothing but accolades, no complaints from any BBB Branches. I believe that what goes around, comes around and who is behind this investigation of USANA will be exposed and deeply embarrassed..
I know that USANA will have its redemption from all this “crap” and innuendo once Minkow is finished in court and USANA lets it’s investors know that it will bounce back from all this “crap”. Then USANA and it’s investigators will find out who paid Minkow to start all this “crap”, because he could have gone after any other nutritional supplement MLM/NWM company and it would of been the same old “crap”. Minkow still hasn’t revealed who paid him to look into USANA. Maybe a pharmaceutical company, a competitor, or maybe a previous lazy associate who thought that the pennies would start falling from heaven…. who knows!
Christiane Northrup, MD is also a USANA Associate and may I say very respected in the Medical Community and in general. She appears regularly on public TV and talk shows. She knows how good USANA and their products are.
Ms. Bernice King, daughter of the late Martin Luther King, says this about Dr. Wentz, founder and CEO of USANA; “I have finally met someone whom I think has the key to true health and wellness,” said King. “A phenomenal man, Dr. Myron Wentz of USANA Health Sciences brings us a holistic approach to provide the most comprehensive nutritional products available.”
Tracy, if you went to the USANA head offices and sat down with Dr. Wentz and Dave Wentz, you might just get a different picture of these men and the company, instead of listening to third party innuendo. Dr. Northrup and Ms. King did.
By the way, Dr. Wentz just received the Albert Einstein Award for his contribution to world health. So much for the so-called demise of USANA.
The Albert Einstein Award is “crap”. Look into it before assuming it validates USANA. Below is info posted by another and additional comments from myself.
“The GCA holds seminars to connect over seas business to those in Isreal and charges for attendance. People pay $18,500 to attend this seminar and while there’s suppossed to be 50 spots open, only 17 people attended this year (Excluding the 4 Chairs from the GCA). Of those 17 who attended 9 got awards. Looks to me like this is the sort of recognition you can buy. Previous years have had as many as 23 winners, so I sincerely question the worth of the GCA’s awards. Looks more like a (or should I say $18,500) publicity stunt. If this is such a big deal, why such low attendance?”
Of those who didn’t win award this year several are winners from previous years (maybe all, I didn’t check through everything). Also, out of the 17 who attended 6 of them were Special Guests leaving with you a remainder of only 11 regular Attendees. At best they had 21 spots full out of a possible 50, at worst only 11 spots (Depending if they count Chairs/Special Guests in their 50 openings). If anyone has a different account, post the link and exact number. Your opinion could be that they didn’t list all attendees, but why would they want their attendence to appear smaller? Or, why would people not want their name associated with this event? I’d say USANA/Wentz opened their wallets for some quick good press.
Jon