Business Commons^™

Proposed Audit Guide: Audits Of Airlines ;Audits Of Airlines; Exposure Draft (American Institute Of Certified Public Accountants), 1980, Oct. 31, American Institute Of Certified Public Accountants. Civil Aeronautics Subcommittee

Statements of Position

This audit guide presents recommendations of the AICPA Civil Aeronautics Subcommittee regarding the application of generally accepted auditing standards to audits of financial statements of entities in the airline industry. It represents the considered opinion of the subcommittee on the best auditing practice in the industry and has been reviewed by members of the AICPA Auditing Standards Board for consistency with existing auditing standards. AICPA members may have to justify departures from the recommendations contained in the guide if their work is challenged. Descriptions of current financial accounting and reporting practices for the airline industry are included in the audit …