Abstract: A method and system for air fare verification and auditing for a travel itinerary during a ticketing transaction. A request is received from a customer to verify the air fare for the travel itinerary. The fare verification process determines if the air fare for the travel itinerary is in a fares database. A plurality of rules and restrictions that are applicable to the air fare are validated. The process determines if the air fare passes each of the plurality of rules and restrictions and verifies the air fare if all rules and restrictions are satisfied. A verification response can be provided to the customer for the air fare verification request during the ticketing transaction. An audit report can also be provided via a web reporting tool in near real time.