In article ,
 John Duncan Yoyo  wrote:

> On Mon, 31 Mar 2008 09:55:13 -0500, "Lance Corporal \"Hammer\"
> Schultz"  wrote:
> 
> >On Mon, 31 Mar 2008 07:44:55 -0800, Jon Schild wrote:
> >
> >> I don't understand how the studios get away with claiming that every 
> >> single project lost millions of dollars. Obviously they are
making huge 
> >> amounts of money, or they wouldn't be in business. Do they
get away with 
> >> this crap when filing taxes, or only when cheating actors and writers?
> >
> >Why doesn't the writer's union (or the other unions, for that matter)
> >do something about it?
> 
> 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.
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