USANA Probe Ends With Settlement

Two officials at Salt Lake City-based Usana Health Sciences Inc. promised to stop representing themselves as certified public accountants, ending an investigation by Utah authorities into the vitamin maker, The Wall Street Journal reported Tuesday.

Gilbert A. Fuller, the company's chief financial officer, and Jerry G. McClain, the Usana board's "audit committee financial expert," had both been described as certified public accountants in several of the company's filings with the Securities and Exchange Commission, the paper reported.

Both officials are former CPAs. Fuller's certification expired in 1986, and McClain's in 2004. A valid certification isn't required for their jobs, but holders of expired licenses may not describe themselves as CPAs under Utah law, the paper reported.

 

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