All Audit Documents
November 22, 2017 | Other Audit Correspondence
Close-Out of Memo: Audit of Enterprise Risk Management Process
On October 5, 2017, we initiated an audit of the company’s Enterprise Risk Management (ERM) process. Our objectives were to assess (1) the extent to… Read more
November 16, 2017 | Audit Reports
TRAIN OPERATIONS: The Acela Express 2021 Program Faces Oversight Weaknesses and Schedule Risks
In August 2016, Amtrak (the company) received a federal loan to purchase 28 new high-speed trainsets for $1.6 billion and undertake 10 infrastructure… Read more
November 02, 2017 | Engagement Memos
Engagement Memo—Audit of Contracting Oversight
We are initiating an audit of the company’s post‐award, contract oversight efforts. Our objective is to assess the effectiveness of the company’s… Read more
October 23, 2017 | Audit Reports
INFORMATION TECHNOLOGY: Improving Security of Publicly Accessible Websites Could Help Limit Cyber Risk
The Office of Inspector General (OIG) conducted an audit of Amtrak’s (the company) website security program. Our audit objective was to assess… Read more
October 12, 2017 | Engagement Memos
Engagement Memo—Audit of Background Checks
We are initiating an audit of the Companyʹs process for conducting background checks for employees and contractors. Our objectives are to assess (1)… Read more
October 05, 2017 | Engagement Memos
Engagement Memo—Audit of Enterprise Risk Management Process
We are initiating an audit of the company’s Enterprise Risk Management (ERM) process used to identify, evaluate, and manage risks to the company’s… Read more
August 18, 2017 | Audit Reports
GOVERNANCE: Quality Control Review of Amtrak’s Single Audit for Fiscal Year 2016
Amtrak (the company) contracted with the independent certified public accounting firm of Ernst & Young LLP to audit its consolidated financial… Read more
August 15, 2017 | Audit Reports
Human Resources: Additional Actions Needed to Improve Controls on Incentive Awards
The Passenger Rail Investment and Improvement Act (PRIIA) of 2008 encouraged Amtrak’s (the company) Board of Directors to develop an incentive pay… Read more
August 14, 2017 | Audit Reports
ACQUISITION AND PROCUREMENT: Improved Management of Diesel Fuel Program Could Lead to Cost Savings
Our office initiated an investigation into Sevier Valley Oil Company, which supplied fuel directly to the locomotives, and found that weaknesses in… Read more
July 31, 2017 | Other Audit Correspondence
Close-out Memo: Survey of the Asset Monetization/Terminal Development Initiatives
We have completed our survey of the Asset Monetization/Terminal Development Initiatives, which we initiated on April 5, 2017. Our objective was to… Read more