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Engagement Memo— Monitoring the Work of the Independent Public Accountant Conducting the FY 2017 Financial Statement Audit and Single Audit (Projects 006-2017 and 007-2017)

April 5, 2017  |  Engagement Memos

This is to inform you that we are initiating engagements to monitor the work of the independent public accountant (IPA) performing the audits of Amtrak’s (the company) Fiscal Year (FY) 2017 Consolidated Financial Statements (Project 006-2017) and Single Audit (Project 007-2017).

Our objectives are to:

(1) determine whether the IPA performed the audit of the company’s Consolidated Financial Statements in accordance with generally accepted government auditing standards issued by the Comptroller General of the United States;
(2) determine whether the IPA performed the Single Audit in accordance with generally accepted government auditing standards issued by the Comptroller General of the United States and Office of Management and Budget, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards at 2 CFR 200; and
(3) monitor the company’s administration and facilitation of the audits.

Our monitoring procedures are designed to provide the Board of Directors, company management, and external stakeholders with assurance that the IPA performed audits that met professional standards. At the conclusion of our work, we will provide you with letters discussing whether we found any material instances of noncompliance with generally accepted government auditing standards for either the Consolidated Financial Statements audit or the Single Audit. We will brief you on the results of our work as it progresses and as you request.

Our work is not intended to enable us to express, and we will not express, an opinion on Amtrak’s FY 2017 Consolidated Financial Statements, compliance with federal grant requirements, internal control, or conclusions on compliance with laws and regulations. The IPA is responsible for its audit reports and the conclusions expressed in those reports.

Tracking Number
006-2017 and 007-2017