All Audit Documents
April 15, 2020 | Audit Reports
GOVERNANCE: Improved Procurement Practices Could Help Ensure Lowest Prices for Materials and Maximum Savings
The objective for this report was to assess the extent to which the company has effectively implemented more economical purchasing practices we… Read more
April 06, 2020 | Engagement Memos
Engagement Memo—Audit of Safety Management System Oversight
We are initiating an audit of the company’s implementation of the Safety Management System (SMS)—a proactive risk‐management process intended to… Read more
March 30, 2020 | Engagement Memos
Engagement Memo—Positive Train Control
We are initiating an audit of the company’s implementation of Positive Train Control (PTC). The company has identified PTC as its key safety system… Read more
March 18, 2020 | Engagement Memos
Engagement Memo— Monitoring the Work of the Independent Public Accountant Conducting the FY 2020 Consolidated Financial Statement Audit and Single Audit
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
March 17, 2020 | Audit Reports
ASSET MANAGEMENT: More Effective Management of Vehicle Fleet Would Improve Safety and Reduce Costs
The objective for this report was to assess the effectiveness of the company’s current efforts to better manage its vehicle fleet, including any… Read more
February 03, 2020 | Audit Reports
GOVERNANCE: Quality Control Review of the Independent Audit of Amtrak’s Consolidated Financial Statements for Fiscal Year Ended 2019
Amtrak (the company) contracted with the independent certified public accounting firm of Ernst & Young LLP to audit its consolidated financial… Read more
January 22, 2020 | Audit Reports
SAFETY AND SECURITY: Addressing Security Weaknesses and Operational Impacts of Amtrak Express is Critical to the Program’s Future
Amtrak Express is a shipping program by which individuals can pay to ship packages and pallets on Amtrak trains between more than 100 locations. Our… Read more
January 21, 2020 | Audit Reports
TRAIN OPERATIONS: Acela 21 Program Continues to Face Significant Risk of Delays, Warranting More Contingency Planning
The objective for this report was to identify current risks to launching revenue service of Amtrak’s $2.1 billion Acela 21 program on schedule and… Read more
December 10, 2019 | Audit Reports
GOVERNANCE: Stronger Controls Would Help Identify Fraudulent Medical Claims Sooner and Limit Losses
This report assesses the effectiveness of the company’s controls to mitigate the risk of fraud in its payments to non hospital facilities. We focused… Read more
December 09, 2019 | Engagement Memos
Engagement Memo—Audit of the Company’s Management of the Moynihan Train Hall Program (Project code 004‐2020)
We are initiating an audit of Amtrak’s Moynihan Train Hall Program, a key component of the company’s effort to transform the former Farley Post… Read more