The Accounting Standards Executive Committee (AcSEC) of the American Institute of Certified Public Accountants (AICPA) has issued an exposure draft of a proposed Audit and Accounting Guide, Airlines.  The proposed guide addresses many new accounting issues that have emerged over the years.  It also includes chapters dedicated specifically to air cargo and regional carriers. 

Interested parties are encouraged to review the exposure draft and submit their comments.  Comments should be received by December 15, 2007, and sent by electronic mail to ymishkevich@aicpa.org or addressed to Yelena Mishkevich, Technical Manager, Accounting Standards, AICPA, 1211 Avenue of the Americas, 19th Floor, New York, NY 10036.

To facilitate AcSEC’s consideration of responses, comments should refer to specific paragraphs and include supporting reasons for each suggestion or comment. Written comments on the exposure draft will be posted to the AICPA Web site for one year.

The document is available below to download as a PDF file. The Adobe Acrobat Reader is needed to view a file in PDF format. The reader is available as a free download from the Adobe Web site at www.adobe.com/prodindex/acrobat/readstep.html.

To begin downloading, click on the item below with the right-hand mouse button. Choose the "Save Target As" option if using a Microsoft browser; choose "Save Link As" if using a Netscape browser. Then save the file to the appropriate location.

Download the Exposure Draft

Comment Letters to the Exposure Draft