Clearly Canadian Beverage Corporation has appointed an independent auditor. The water company confirmed yesterday (20 February) that it appointed UHY LDMB Advisors Inc., Chartered Accountants as internal auditors effective from last Tuesday (14 February).

"The audit committee of Clearly Canadian's board of directors approved the appointment of UHY to engage an audit firm that could focus appropriately on Clearly Canadian given its size and the nature of its industry," the company said. UHY succeeds PricewaterhouseCoopers LLP as Clearly Canadian's auditor, who ceased to act on 10 February.

Late last year, Clearly Canadian posted a third-quarter loss of C$1.46m (US$1.25m), compared to a loss of C$0.65m a year earlier. Sales for the period were also down, by 11% year-on-year to C$2.9m.