[Federal Register Volume 67, Number 144 (Friday, July 26, 2002)]
[Notices]
[Pages 48964-48965]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 02-18999]


-----------------------------------------------------------------------

DEPARTMENT OF TRANSPORTATION

Federal Aviation Administration


Passenger Facility Charge Audit Guide for Air Carriers--
Procedures for Examining Air Carrier Passenger Facility Charge 
Collection, Remittance, and Reporting Practices

AGENCY: Federal Aviation Administration, Department of Transportation.

ACTION: Final Guidance Notice of Availability.

-----------------------------------------------------------------------

SUMMARY: The Federal Aviation Administration (FAA) is issuing final

[[Page 48965]]

guidance for conducting annual audits of air carrier Passenger Facility 
Charge (PFC) collection remittance, and reporting practices. An air 
carrier collecting PFC's from at least 50,000 passengers annually is 
required to provide for an annual audit of its PFC accounts by an 
accredited independent public accountant. An auditor engaged to audit 
the air carrier's PFC accounts is required to report ``on the fairness 
and reasonableness of the carrier's procedures for collecting, holding, 
and dispersing PFC revenues.'' In addition, an auditor is required to 
report whether the quarterly reports of PFC accounts that the air 
carriers must provide to airports ``fairly represent the net 
transactions in the PFC account.''
    The guidance is issued in final form after a review and comment 
period, during which the FAA evaluated the use of the guidance. 
Although the FAA did not receive formal comments on the use of the 
guidance, informal discussions with audit practitioners has lead the 
FAA to determine that the guidance meets its intended objectives. While 
the use of the guidance is voluntary, the FAA will have greater 
confidence in audits conducted in accordance with the guide.
    Interested parties may access the Passenger Facility Charge Audit 
Guide for Air Carriers through the Internet at http://www.faa.gov/arp/Reports/acaudit.pdf.
    Interested parties may access the Passenger Facility Charge Audit 
Guide for Air Carriers through the Internet at http://www.faa.gov/arp/Reports/acaudit.pdf. Alternatively, the guide may be obtained by 
contacting the individual listed below under the heading FOR FURTHER 
INFORMATION CONTACT.

DATES: Final guidance effective July 26, 2002.

FOR FURTHER INFORMATION CONTACT: Joseph Hebert, Program Analyst, 
Passenger Facility Charge Branch, Airports Financial Assistance 
Division (APP-530), Federal Aviation Administration, 800 Independence 
Avenue, SW., Washington, DC 20591, (202) 267-3845.

    Issued in Washington, DC on July 22, 2002.
Catherine M. Lang,
Director, Office of Airport Planning and Programming.
[FR Doc. 02-18999 Filed 7-25-02; 8:45 am]
BILLING CODE 4910-13-M