Audit Reports
June 26, 2017 | Audit Reports
GOVERNANCE: Better Adherence to Leading Practices for Ethics Programs Could Reduce Company Risks
Our work showed the company’s current ethics-related activities partially align with some leading practices; however, these actions do not, in the… Read more
June 19, 2017 | Audit Reports
INFORMATION TECHNOLOGY: Operations Foundation Program—Restructuring Could Help Control Costs and Limit Risks
The Operations Foundation program (the program) is a large, complex information technology (IT) and business process initiative designed to improve… Read more
June 16, 2017 | Audit Reports
GOVERNANCE: Opportunities Exist to Strengthen Controls to Ensure that Utility Accounts Are Deactivated After Real Estate Transactions
Amtrak (the company) owns about $12 billion in real property assets across the nation, including 96 stations and 623 miles of right-of-way track. The… Read more
March 27, 2017 | Audit Reports
GOVERNANCE: Quality Control Review of the Independent Audit of Amtrak’s Consolidated Financial Statements for Fiscal Year Ended 2016
Amtrak (the company) contracted with the independent certified public accounting firm of Ernst & Young LLP to audit its consolidated financial… Read more
March 02, 2017 | Audit Reports
TRAIN OPERATIONS: ON-TIME PERFORMANCE REPORTING GENERALLY ACCURATE; ADDITIONAL ACTIONS COULD ENHANCE DELAY REPORTING
On-time rail performance is important to Amtrak (the company) achieving its strategic goals of acquiring and retaining satisfied customers and… Read more
February 22, 2017 | Audit Reports
ACQUISITION AND PROCUREMENT: MASTER SERVICES AGREEMENTS ARE NOT STRATEGICALLY MANAGED, AND AWARD AND OVERSIGHT PROCESSES CAN BE IMPROVED
Since fiscal year (FY) 2009, Amtrak (the company) has increased its use of a contracting vehicle called a Master Services Agreement (MSA) from as few… Read more
February 03, 2017 | Audit Reports
ACQUISITION AND PROCUREMENT: Improved Management and Oversight of GE Diesel Locomotive Service Contract Could Lead to Savings
Amtrak’s (the company) fleet of 269 General Electric (GE) diesel locomotives power trains on 15 long-distance routes and 26 state-supported routes.… Read more
January 17, 2017 | Audit Reports
GOVERNANCE: Addressing Remaining Shortcomings Would Lead to a Budget Development Process More Fully Aligned with Leading Practices
Since its creation in 1971, Amtrak (the company) has had to rely on federal assistance—$46 billion to date—because passenger revenue and other… Read more
January 10, 2017 | Audit Reports
Quality Control Review of Amtrak’s Single Audit for Fiscal Year 2015
Amtrak (the company) contracted with the independent certified public accounting firm of Ernst & Young LLP to audit its consolidated financial… Read more
December 14, 2016 | Audit Reports
ACQUISITION AND PROCUREMENT: Adopting Additional Leading Practices to Manage the Baltimore Penn Station Redevelopment Could Help Mitigate Project Risks
In September 2015, Senator Barbara Mikulski requested that we review the company’s efforts to redevelop Baltimore Penn Station. In October 2015, we… Read more