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| subject: | Re: O.T. Another Victim of `Creative Accounting`? |
In article ,
John Duncan Yoyo wrote:
> >> I want someone to force a Sarbanes-Oxley review of Hollywood
> >> accounting procedures., If a company is publicly traded it's books
> >> had better be kept correctly.
> >
> > They are. The accounting practices for taxes and SEC have nothing to
> >do with the accounting practices of contracts or what is considered
> >"normal" within an industry. You can bet that the tax
accounting and SEC
> >accounting is less creative.
>
> So why can't the unions audit both sets of books?
That would be something to be bargained for if the unions are
involved. If you want to see what the Courts thought of this, find
information on Buchwald v Paramount. This is more or less the leading
case.
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