Airports and transit systems must deliver timely and accurate service on a daily basis, while ensuring the safety and security of patrons and complying with government regulations. But fluctuating costs and variable revenue and infrastructure demands can make balancing the budget for transportation challenging.
We have a dedicated national airport team that understands the specific requirements and nuances of serving airport of all hub sizes. Our extensive knowledge of airport authorities combined with our deep bench of governmental auditors and technical specialists provide airports with the expertise, efficiency, and cost effectiveness you seek from your professional advisors. We’ll bring you suggestions for minimizing risk, improving processes, managing enterprise assets, and addressing cybersecurity vulnerabilities.
As the second largest provider of single audits in the nation, we're well-positioned to deliver the guidance and reporting you need to maintain your vital sources of funding. We understand the role quality financial reporting plays in effective decision-making, retaining public trust, and maintaining bond ratings. We’ve conducted more than 600 CAFR audits in the past 30 years that have achieved the Certificate of Achievement for Excellence in Financial Reporting. We bring proactive advice and proprietary tools to help make implementation of GASB financial reporting standards easier on you and your stakeholders.
We’re actively involved with Airports Council International - North America (ACI) and Association of Airport Internal Auditor (AIAA).
We’re a founding member of the AICPA Government Audit Quality Center; two of our partners have served on the Executive Committee. Voluntary membership in this AICPA quality center demonstrates our commitment to audit quality and holds us to a higher level of scrutiny than non-member accounting firms.
Enterprise Asset Management
Strategizing equipment & infrastructure investments
Airport and Transportation Thought Leadership
New GASB lease accounting standard: What airports need to know
Under GASB 87, many airport and aviation-related agreements may meet the definition of a lease. It's critical for airports to understand how the standard applies to their financial reporting and to take several early steps toward implementation.
Let’s all agree on what’s fair: GASB 72 fair value explainedWith GASB 72 in effect, are you wondering what other investments are now subject to the fair value measurement? In this webinar, we’ll look at the changes GASB 72 brings and discuss some sample disclosures.
GASB 74 and 75: Examining the new GASB OPEB standardsGASB standards 74 and 75 will make significant revisions to the current accounting and reporting for OPEB, both from an employer perspective as well as from a plan perspective.
Cybersecurity is like a sponge: Five ways to safeguard your dataDespite good intentions, IT infrastructure often seems more like a porous sponge than impenetrable vault. Hacks of all types are increasingly common, but these straightforward steps can help prevent them.
Storing data in the cloud: Three things you should knowIf it exists digitally, it can find a home in the cloud. But how secure is that home?
OMB grants reform guidebook: Diving into the super circularPlante Moran serves over 1,250 public sector clients and we are the 2nd largest compliance audit issuer in the country, completing over 600 compliance audits annually.
Implementing an ERP system? Strengthen controls to prevent fraudBaking in controls that properly align with your organization's needs should go hand in hand with the five phases of your ERP implementation.
GASB 87, Leases: What you need to knowGASB 87, Leases, will require significant changes from its current practice, particularly in the accounting for operating leases, for which only a footnote disclosure was required in the past.
Our clients say
Plante Moran exceeded our expectations in delivering a timely and efficient report that helped us develop a road map for improving our operations. Not only did they work closely with our staff to identify problems, but they provided high-level detail and excellent suggestions.