Accounting woes continue to haunt Peace Arch Entertainment after it failed to produce key financial data required before it can finalize and release delayed results for its full year 2008 and the first half of 2009.

Peace Arch on Friday said third-party production companies and sub-distributors have not fully supplied information from 2006 to 2008 which are required to consolidate on its balance sheet so-called ‘variable interest entities’ — essentially ten movies produced in 2006 by non-owned single-purpose production companies.

Newly promoted Peace Arch CEO John Flock says the Toronto-based production company continues to pursue the information to finalize and release its long-delayed statements, and is developing a plan B in case it fails to secure the financial data.

Peace Arch added it intends to file its fiscal 2008 statements and amended statements for fiscal 2006 and 2007 by Aug. 31 to maintain its listings on the NYSE Amex and Toronto Stock Exchange markets.

The accounting restatements at Peace Arch follow an exit from in-house film production, especially low-budget genre pictures, and an expanded move into TV production.