All Audit Documents
November 01, 2019 | Engagement Memos
Engagement Memo—Audit of procurement and vendor payment practices
We are initiating an audit of Amtrak’s (the company’s) procurement and vendor payment practices. This audit is following up on our previous work in… Read more
November 01, 2019 | Engagement Memos
Engagement Memo—Management of Maintenance-of-Way Resources During Track Outages
We are initiating an audit of the Engineering department’s management of maintenance-of-way resources during track outages. Our objective is to… Read more
October 23, 2019 | Audit Reports
GOVERNANCE: Better Management of Reimbursable Projects Could Help the Company Consider Benefits and Recover its Costs
This report assesses the extent to which the company effectively manages reimbursable projects, including its use of controls to help it recover its… Read more
October 14, 2019 | Audit Reports
Train Operations: Better Estimates Needed of the Financial Impacts of Poor On-Time Performance
The objective of this Congressionally mandated report was to identify potential cost savings or revenue improvements associated with improved on-time… Read more
September 30, 2019 | Audit Reports
GOVERNANCE: Improving Controls Over the Use of Procurement Cards Could Better Ensure Compliance and Limit Potential Misuse
This report assesses the effectiveness of the company’s internal controls over the use of procurement cards.
Although the company’s policies… Read more
September 11, 2019 | Engagement Memos
Engagement Memo—Audit of Acela 21
Our objective is to assess the extent to which the company has identified and mitigated potential risks to successfully completing the program. We… Read more
September 03, 2019 | Audit Reports
TRAIN OPERATIONS: Rightsizing Workforce and Using It More Flexibly Could Reduce Costs at Preventative Maintenance Facilities
This report assesses the extent to which the Mechanical department efficiently staffs its 12 preventative maintenance facilities. This report is our… Read more
July 31, 2019 | Audit Reports
GOVERNANCE: Quality Control Review of Amtrak’s Single Audit for Fiscal Year 2018
Amtrak (the company) contracted with the independent public accounting firm of Ernst & Young LLP to audit its consolidated financial statements… Read more
July 25, 2019 | Audit Reports
ASSET MANAGEMENT: Improved Inventory Practices Could Help the Company Better Manage its Maintenance-of-Way and Rolling Stock Equipment
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July 22, 2019 | Audit Reports
SAFETY AND SECURITY: Physical Security Vulnerabilities at Washington Union Station and Ivy City Yard
This report assesses the effectiveness of the company’s efforts to ensure the physical security of Washington Union Station and Ivy City Yard.
We… Read more