Webinar: Rental Car Audits at Airports – Continuous Auditing & Benchmarking - Completed

Duration: 2 hours
Format: Two sessions – Continuous Auditing (1 hour) & Benchmarking with Open-Ended Discussion (1 hour)

What really happens during an airport rental car audit? 

Attendees embarked on an in-depth journey, revealing hidden challenges, best practices, and ground breaking approaches that ensure compliance and revenue precision.  This session peeled back the layers of complexity, offering a rare glimpse into the mechanisms that keep this industry moving.

Session 1: Continuous Auditing for Rental Car Agreements (1 hour)
This presentation focused on the implementation of a continuous auditing program at San Diego International Airport specifically targeting Rent-A-Car (RACs) Companies. Using sample data from RACs, the case study showcased how the program helped in identify and rectify discrepancies in rental car revenues, assist in the selection of deep dive audits and improve adherence to contract and regulatory requirements. It also addressed potential challenges, including initial setup costs, system integration issues, and the importance of clean data.

Session 2: Benchmarking & Open-Ended Discussion (1 hour)
Building on the first session, this interactive discussion explored bench- marking strategies used to assess rental car agreements across different airports. Participants examined key performance indicators, contract structures, and industry standards. The session also featured an open-ended discussion, allowing attendees to share challenges, ask questions, and discuss emerging trends in rental car audits.

Key Takeaways:

• How continuous auditing can improve contract oversight and compliance
• Methods for benchmarking rental car agreements effectively
• Opportunities to discuss challenges and insights with industry peers

CPE Letter

Session 1 will be provided by:

Lee Parravano, Chief Auditor

Lee started at the San Diego County Regional Airport Authority in April 2018. Prior to joining the Airport, Lee served for five years as the Internal Auditor at the San Diego City Employees’ Retirement System (SDCERS). Lee also worked for White Nelson Diehl Evans, an accounting, audit, and tax management advisory firm, as a senior audit manager for 11 years.

Lee holds the following Professional License/Certifications:

CPA, CIA, CGMA, CFE

Shane Ellis, Senior Auditor

Shane joined the Authority in February 2005. Shane started his auditing career at Arthur Andersen as a Tax Auditor for over three years and left the firm prior to the Enron debacle. Shane also worked for the County of San Diego as a Finance Auditor for five years and was the Controller and Director of Operations with two small high-tech business enterprises in Los Angeles and San Diego.

Shane holds the following Professional License/Certifications:

CIA, CRMA, CGAP