Exhibit 34.1

 

Report of Independent Registered PublicAccounting Firm

 

The Board of Directors

Hyundai Capital America:

 

We have examined management’s assertion,included in the accompanying Management’s Assessment on Compliance with Regulation AB Criteria (Management’s Assessment),that Hyundai Capital America (the Company) complied with the servicing criteria set forth in Item 1122(d) of the Securities andExchange Commission’s Regulation AB (the Servicing Criteria) for the servicing of auto receivable backed security transactionsissued on or after January 1, 2006 (the Platform), except for servicing criteria 112(d)(1)(iii)-(iv), 1122(d)(2)(iv), 1122(d)(3)(iii)-(iv),1122(d)(4)(ix)-(xiii), and 1122(d)(4)(xv), which the Company has determined are not applicable to the activities it performs withrespect to the Platform, as of and for the year ended December 31, 2017. With respect to applicable servicing criteria 1122(d)(2)(iii)and 1122(d)(4)(iii), the Company has determined that there were no activities performed during the year ended December 31, 2017with the respect to the Platform, because there were no occurrences of events that would require the Company to perform such activities.Appendix A to Management’s Assessment identifies the individual asset-backed transactions and securities defined by managementas constituting the Platform. Management is responsible for the Company’s compliance with the Servicing Criteria. Our responsibilityis to express an opinion on management’s assertion about the Company’s compliance with the Servicing Criteria basedon our examination.

 

Our examination was conducted in accordance withthe standards of the Public Company Accounting Oversight Board (United States) and in accordance with attestation standards establishedby the American Institute of Certified Public Accountants to obtain reasonable assurance and, accordingly, included examining,on a test basis, evidence about the Company’s compliance with the Servicing Criteria and performing such other proceduresas we considered necessary in the circumstances. Our examination included testing selected asset-backed transactions and securitiesthat comprise the Platform, testing selected servicing activities related to the Platform, and determining whether the Companyprocessed those selected transactions and performed those selected activities in compliance with the Servicing Criteria. Furthermore,our procedures were limited to the selected transactions and servicing activities performed by the Company during the period coveredby this report. Our procedures were not designed to determine whether errors may have occurred either prior to or subsequent toour tests that may have affected the balances or amounts calculated or reported by the Company during the period covered by thisreport for the selected transactions or any other transactions. We believe that our examination provides a reasonable basis forour opinion. Our examination does not provide a legal determination on the Company’s compliance with the Servicing Criteria.

 

As described in the accompanying Management’sAssessment, for servicing criteria 1122(d)(2)(i) and 1122(d)(4)(iv), the Company has engaged various vendors to perform the activitiesrequired by these servicing criteria. The company has determined that none of these vendors is considered a “servicer”as defined in Item 1101(j) of Regulation AB, and the Company has elected to take responsibility for assessing compliance with theservicing criteria applicable to each vendor as permitted by the SEC’s *Compliance and Disclosure Interpretation (C&DI)200.06, Vendors Engaged by Servicers (C&DI 200.06).*As permitted by C&DI 200.06, the Company has asserted that it haspolicies and procedures in place designed to provide reasonable assurance that the vendors’ activities comply in all materialrespects with the servicing criteria applicable to each vendor. The Company is solely responsible for determining that it meetsthe SEC requirements to apply C&DI 200.06 for the vendors and related criteria as described in its assertion, and we performedno procedures with respect to the Company’s eligibility to apply C&DI 200.06.

 

In our opinion, management’s assertion thatthe Company complied with the aforementioned Servicing Criteria, including servicing criteria 1122(d)(2)(i) and 1122(d)(4)(iv)for which compliance is determined based on C&DI 200.06 as described above, as of and for the year ended December 31, 2017is fairly stated, in all material respects.

 

 

Irvine, California

March 15, 2018