Amtrak 2015 Annual Report Download - page 60

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1607-2003957 58
Appendix B – Status of Prior Year Deficiencies
Process
Nature of
Comment
Type of Comment
in Fiscal Year 2014
Current
Year Status
Capital lease
accounting,
documentation and
analysis
Lack of process to develop,
document, validate and
review the critical
accounting conclusion for all
lease arrangements.
Material Weakness Remediated
Income Tax Accounting Reassess the income tax
process to incorporate
controls to prevent, detect
and resolve accounting
errors timely and validate
accounting conclusions.
Material Weakness Remediated
Financial Reporting Establish accounting policies
and procedures that should
be implemented to produce
complete, accurate and
timely financial statements.
Material Weakness Remediated
Information Systems Two significant deficiencies
related to information
technology general controls,
user access and change
management controls that
aggregate to a material
weakness in the design and
operation of the information
systems controls.
Material Weakness Not Remediated –
Included in the
Material Weakness for
Information Systems