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Accounting for the aviation industry

Accounting for the aviation and airline business is a specialist area that requires an understanding of the industry. On this page you can access a range of articles, books and online resources providing quick links to guidance and information for ATOL reporting accountants.

What's on this page?

  • ICAEW guidance and support
  • Airline accounting resources
  • Online articles
  • Books and articles from the library

Contact the Library

Expert help for your enquiries and research.

E  library@icaew.com

T  +44 (0)20 7920 8620

ICAEW guidance and support

How can my firm become a licensed practice?
From 1 April 2016, if you wish to act as an ATOL Reporting Accountant for an ATOL holder, you must become a member of an ATOL Reporting Accountant scheme (ARA). Find out more about ICAEW's Licensed Practice scheme, view detailed guidance and download application forms.

ICAEW Licensed Practice Handbook and guidance
Guidance for firms licensed to undertake ATOL Returns work to help ensure compliance with the requirements of the scheme.

ATOL Reporting Accountants – Reporting to the Civil Aviation Authority (TECH 02/20 AAF)
Audit and Assurance Faculty, February 2020
ICAEW Technical Release discusses the ATOL Reporting Accountants scheme, explanation of the reporting arrangements, the engagement terms, work programmes and reports to the CAA, and the renewal cycle and deadlines. This Technical Release replaces Revised arrangements for ATOL reporting accountants reporting to the Civil Aviation Authority (TECH 09/16 AAF) that was published in April 2016.

ATOL whole firm compliance review checklist
Technical Advisory Service, September 2017
Helpsheet providing a checklist of matters firms need to address when they conduct an annual compliance review in accordance with ICAEW’s Licensed Practice Handbook for Licensed firms.

Airline accounting resources

Industry Accounting Working Group (IAWG)
Division of the International Air Transport Association (IATA) that issues Airline Disclosure Guides (ADGs) and IAWG Accounting Guides. The group liaises with standard-setting bodies on aviation issues and makes recommendations on best accounting practice in key areas for the industry.

ATOL reporting accountants scheme
Comprehensive information about the scheme developed by the Civil Aviation Authority (CAA), including a list of ATOL Reporting Accountants and FAQs on the online training course to become an ATOL Reporting Accountant (ARA).

Annual accountants reports
Guidance from the CAA with model engagement terms to aid accountants.

List of ATOL forms
Sample forms produced by the CAA for accountants to report on information supplied to them by licence holders.

Online articles

The Library provides access to leading business, finance and management journals. These journals are available to logged-in ICAEW members, ACA students and other entitled users subject to suppliers' terms of use. 

Articles are available to logged-in ICAEW members, ACA students and other entitled users.

Articles and books in the Library collection

To find out how you can borrow books from the Library please see our guide to book loans. You can obtain copies of articles or extracts of books and reports by post, fax or email through our document supply service.

Can't find what you are looking for?

If you're having trouble finding the information you need, ask the Library & Information Service. Contact us by telephone on +44 (0)20 7920 8620, by web chat or by email at library@icaew.com.

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