Submission of Audit Reports, Part 248

This is a request for an extension of the reporting requirement in 14 CFR Part 248, which requires large certificated air carriers to submit a copy of their companies annual audit report when they are audited by an independent public accountant. The Department uses this report to verify the Bureau Of Transportation Statistics Form 41 financial and traffic reports submitted by the air carrier. BTS Form 41 financial reports have the OMB clearance # 2138-0013; BTS Form 41 traffic reports have the clearance # 2138-0040. The audit reports are submitted by large certificated air carriers and are used by the Department as follows: (a) a means of monitoring an air carrier’s continuing fitness, (b) reference material by analysts in examining foreign route cases, (c) reference material by analysts in examining proposed acquisitions, mergers, and consolidations, (d) a means whereby the Department sends a copy of the report to the International Civil Aviation Organization (ICAO) in fulfillment of a U.S. treaty obligation, and (e) Corroboration of carriers’ Form 41 filings.

The latest form for Submission of Audit Reports, Part 248 expires 2021-12-31 and can be found here.