[Code of Federal Regulations]
[Title 49, Volume 8]
[Revised as of October 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 49CFR1510.15]

[Page 280]
 
                        TITLE 49--TRANSPORTATION
 
   CHAPTER XII--TRANSPORTATION SECURITY ADMINISTRATION, DEPARTMENT OF 
                            HOMELAND SECURITY
 
PART 1510_PASSENGER CIVIL AVIATION SECURITY SERVICE FEES--Table of Contents
 
Sec. 1510.15  Accounting and auditing requirements.

    (a) Direct air carriers and foreign air carriers must establish and 
maintain an accounting system to account for the security service fees 
imposed, collected, refunded and remitted. The accounting records must 
identify the airports at which the passengers were enplaned.
    (b) Each direct air carrier and foreign air carrier that collects 
security services fees from more than 50,000 passengers annually must 
provide for an audit at least annually of its security service fee 
activities or accounts.
    (c) Audits pursuant to paragraph (b) of this section must be 
performed by an independent certified public accountant and may be of 
limited scope. The accountant must express an opinion on the fairness 
and reasonableness of the direct air carrier's and foreign air carrier's 
procedures for collecting, holding, and remitting the fees. The opinion 
must also address whether the quarterly reports required in Sec. 
1510.17 fairly represent the net transactions in the security service 
fee accounts.