All Audit Documents
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
June 13, 2017 | Engagement Memos
Engagement Memo-Audit of IT Disaster Recovery and Business Continuity
We are initiating an audit of Amtrak’s information technology (IT) disaster recovery and business continuity plans and readiness. Our objective is to… Read more
May 30, 2017 | Engagement Memos
Engagement Memo - New York Penn Station Infrastructure Renewal Program
We are initiating a review of the company’s plan to address track and related infrastructure issues at New York Penn Station. The recent train… Read more
May 10, 2017 | Engagement Memos
Engagement Memo-Mechanical Department’s Operating Efficiency
We plan to review the Mechanical department’s operating efficiency. Our audit objective is to assess how the Mechanical department’s operating… Read more
April 12, 2017 | Engagement Memos
Engagement Memo-Audit of Contracting Leading Practices
We are initiating an audit of the company’s contracting policies and practices. Our objective is to assess the extent to which the company is… Read more
April 05, 2017 | Engagement Memos
Engagement Memo— Monitoring the Work of the Independent Public Accountant Conducting the FY 2017 Financial Statement Audit and Single Audit (Projects 006-2017 and 007-2017)
This is to inform you that we are initiating engagements to monitor the work of the independent public accountant (IPA) performing the audits of… Read more
April 05, 2017 | Engagement Memos
Engagement Memo—Survey of the Asset Monetization/Terminal Development Initiative (Project Code 008-2017)
We are initiating a survey of Amtrak’s (the company’s) Asset Monetization/Terminal Development Initiative. Our objective is to identify areas… 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