At 09:12 PM 12/13/02 -0800, you wrote:
>Every recording contract with a participation clause has an audit provision
in
it that allows
the artist to come in with their own auditor/accountant and
have
full access to the books. Same is true in the movie biz. So I don't really
know what you're referring to.
-BZZZTTTT- Wrong answer... the recording industry contracts state that
Yes, you can ahve your contract audited, but only with a list of 'approved'
auditors, as a matter of fact if you show your contract to ANYONE you are
in violation of the contract.
I don't think that's right. There are restrictions that prevent hiring an
auditor on a contingency fee basis, and using an auditor who is performing an
audit of the same company on behalf of another artist at the same time. I have
never heard of the "approved list" you mention.