Herbalife Director Predicts ‘Clean’ Audit Results

Herbalife Ltd. (NYSE:HLF) Director Jeff Dunn is confident of ‘clean’ results when PricewaterhouseCoopers LP completes its audit. A fresh audit from PricewaterhouseCoopers has been initiated in May after KPMG indicated in April that its independence had been eroded and hence withdrew its audit reports for 2010, 2011 and 2012. Bill Ackman’s allegations Pershing Square founder Bill Ackman in his third quarter letter to investors claimed his company identified a substantial number of serious issues with Herbalife Ltd. (NYSE:HLF)’s accounting, disclosure, and tax policies, which Pershing brought to the attention of PWC and the SEC in a series of three letters delivered…