{"title":"Risks and Controls in a Changing Business Environment: Global Transportation Facility and Concerns About Missing Revenues*","authors":"Ron Messer","doi":"10.1111/1911-3838.12295","DOIUrl":null,"url":null,"abstract":"<p>This case examines the effects of privatization in the aviation industry, specifically as it concerns an airport referred to as the Global Transportation Facility (GTF). In a deregulated environment, it is important for airports to ensure that all revenues earned from aircraft landings and passenger use of its terminal buildings are identified, billed, and collected. This will be a concern to users of financial information, including those holding corporate debt and government authorities, as well as the airport's senior management, board of directors and other stakeholders. Your role as the head of internal audit at GTF is to determine whether aviation-related billings are complete and accurate. You are also concerned about the consequences of errors in reported revenues, including how to identify these and assess their impact.</p>","PeriodicalId":43435,"journal":{"name":"Accounting Perspectives","volume":null,"pages":null},"PeriodicalIF":1.6000,"publicationDate":"2022-03-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Accounting Perspectives","FirstCategoryId":"1085","ListUrlMain":"https://onlinelibrary.wiley.com/doi/10.1111/1911-3838.12295","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"BUSINESS, FINANCE","Score":null,"Total":0}
引用次数: 0
Abstract
This case examines the effects of privatization in the aviation industry, specifically as it concerns an airport referred to as the Global Transportation Facility (GTF). In a deregulated environment, it is important for airports to ensure that all revenues earned from aircraft landings and passenger use of its terminal buildings are identified, billed, and collected. This will be a concern to users of financial information, including those holding corporate debt and government authorities, as well as the airport's senior management, board of directors and other stakeholders. Your role as the head of internal audit at GTF is to determine whether aviation-related billings are complete and accurate. You are also concerned about the consequences of errors in reported revenues, including how to identify these and assess their impact.
期刊介绍:
Accounting Perspectives provides a forum for peer-reviewed applied research, analysis, synthesis and commentary on issues of interest to academics, practitioners, financial analysts, financial executives, regulators, accounting policy makers and accounting students. Articles are sought from academics and practitioners that address relevant issues in any and all areas of accounting and related fields, including financial accounting and reporting, auditing and other assurance services, management accounting and performance measurement, information systems and related technologies, tax policy and practice, professional ethics, accounting education, and related topics. Without limiting the generality of the foregoing.