BKD CPAs and Advisors is a national firm, providing assurance, accounting and a variety of consulting services to more than 500 public sector clients, including numerous airports. BKD National Public Sector Group works with a variety of small-, medium- and large-hub airports across the country. We use our vast experience and resources to provide guidance on topics such as nonairline revenue streams, operating cost containment, economic development opportunities, capital funding mechanisms, federal program compliance, cybersecurity concerns and more. Learn more about our services and contact us to find out how far our experience can take you:
Airports are unique enterprises, facing specific financial and operating challenges. Financial obstacles in the airline industry and uncertainty surrounding federal funding streams are forcing airports to find new and inventive ways to manage costs, diversify revenues and address mounting infrastructure needs. The changing regulatory landscape and ever-present security concerns combine with these challenges to create an operating environment unlike any other. BKD can help.
BKD Airport Industry Services
For decades, BKD’s dedicated industry professionals have helped airports fulfill their role as responsible stewards of public funds by providing a range of both attest and non-attest services to your industry, such as:
Financial & Compliance Services
The ever-changing airport industry requires timely and informed decisions, and your choice of a CPA and advisory firm can greatly influence those decisions. With BKD, you can expect a well-trained, industry-focused team of professionals. Beyond delivering a wealth of commercial airport and public sector expertise, our audit approach emphasizes independence and objectivity and relies on frequent involvement of partners and managers. BKD can help you respond to regulations and expend resources wisely.
Lessee & Concessionaire Audits
With growing demands on your resources and uncertainty about funding sources, you need help monitoring risks and assessing what is owed by lessees and concessionaires. BKD understands the impact non-airline revenues can have on an airport s cost per enplaned passenger and what this may mean for future opportunity and growth. Every dollar counts in the end.
Fraud Investigation & Prevention
Fraud can be devastating for an airport. Typical losses equate to about 5 percent of annual revenue, according to the Association of Certified Fraud Examiners. BKD s Forensics & Valuation Services division can help you identify and reduce opportunities for fraud by analyzing your internal audit procedures, recommending anti-fraud internal controls and conducting procedural reviews. If fraud is discovered, BKD is equipped to launch a timely investigation, help prevent further loss, determine the full extent of the scheme and prepare for litigation and recovery.
Internal Control Documentation & Review
Whether caused by recent fraud and abuse scandals, new auditing standards or a general shift toward greater transparency and accountability, more organizations are documenting their internal control environment. By doing so, you are able to reinforce internal controls, facilitate training in times of employee turnover and proactively manage and monitor risks. BKD s approach is designed to assist rather than accuse and is based on a proven project plan that has achieved successful results for other organizations, including airports.
Cost Studies, Forecasts & Operational Reviews
We want you to succeed and thrive. For any organization, this entails understanding, predicting and managing costs. At BKD, we strive to deliver value and provide proactive solutions to the challenges you face. Our cost study services can be used to help you understand your costs better, and our forecasting services are designed to assist in predicting costs or supporting the feasibility of financial transactions. Operational and organizational reviews can help identify efficiency opportunities and assist in cost management.
In challenging times, you need timely and insightful advice from knowledgeable industry professionals to make informed decisions. At BKD, we believe the best advice is provided by those who work with entities such as yours and who know and understand the issues, trends and solutions affecting your industry.
BKD is Involved with Key Industry Associations, including:
American Association of Airport Executives
Association of Airport Internal Auditors
Airports Council International North America
Government Finance Officers Association