Engagement Memo - Controls Over Procurement Cards

We are initiating an audit of Amtrak’s multimillion dollar procurement card program. Our objective is to assess the effectiveness of the company’s controls in preventing and detecting inappropriate use of procurement cards, including potential fraud, waste and abuse. We may expand our scope or modify our objective during the audit.

During the audit, we plan to analyze documents and data related to procurement card transactions, interview company officials, and review relevant information on leading corporate practices related to procurement card use. Our requests for documents will be made as our work progresses. We also will work to minimize the impact of the audit by coordinating interviews and observations with staff in advance.