Audit Engagement Memo: Accounting for Business Lines of Operation
Our audit objective is to review the effectiveness and efficiency of the company's financial systems and data supporting the accumulation and allocation of costs for the company's business lines of operation. We will assess also whether the company has implemented prior recommendations made by the DOT-OIG in its March 27,2013 report to improve the effectiveness of the company's cost accounting system, Amtrak Performance Tracking.
Engagement Memo - Assessing the Efficiency and Effectiveness of Management Processes for Utilizing Master Service Agreements
The objective of this audit will be to determine the efficiency and effectiveness of using MSAs and how well they are managed in terms of their cost, schedule, and performance.
Quality Control Review: Single Audit Report, National Railroad Passenger Corporation and Subsidiaries, Year Ended September 30, 2013
Amtrak (the company) contracted with the independent certified public accounting firm of Ernst & Young LLP to audit its consolidated financial statements as of September 30,2013 and 2012, and for the years then ended, and to provide a report on internal control over financial reporting and compliance with laws and regulations and other matters.
THEFT OF FUEL
An investigation of suspected fraudulent fuel activity on company issued fuel cards revealed that an Amtrak employee made $9,927 in fuel purchases while on leave. The employee was purchasing fuel for personal vehicles. During the investigation, the employee voluntarily separated from Amtrak. The employee was charged with two counts of larceny, two counts of credit card fraud and two counts of conspiracy in Suffolk County Massachusetts. He pled guilty to one count each of larceny, credit card fraud and conspiracy and was sentenced to 2 years in jail, sentence suspended.