Deloitte Consulting provides strategic advisory services and M&A advice that help corporate, entrepreneurial, and private equity clients create and act upon opportunities for liquidity, growth and long-term advantage. With an in-depth understanding of the marketplace and access to a global network of investment bankers, it helps clients confidently pursue strategic transactions in both domestic and global markets. Deloitte Corporate Finance, together with the Corporate Finance Advisory practices within the Deloitte Touche Tohmatsu Limited network of member firms, include in excess of 1,900 professionals, who work collaboratively across 150 international locations.

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• Chapter 1 1-1Introduction and Background 1-1Background information 1-3Operation and administration 1-6Accounting records 1-8Reporting standards 1-10Governmental regulations 1-11Audit requirements 1-12Reporting and disclosure requirements under ERISA 1-16SEC Form 11-K filing requirements 1-17ERISA limited-scope audits 1-19Chapter 2 2-1Planning 2-1Pre-engagement activities 2-3Audit planning 2-6Communication and coordination 2-10Understanding the plan and its environment, including its internal control 2-11Audit documentation 2-13Preliminary analytical review procedures 2-14Audit risk factors 2-15Internal control structure 2-21Consideration of fraud 2-22Plan’s use of third-party service organizations 2-29Party in interest transactions 2-30Plan’s use of voice response or internet recordkeeping system 2-32Accounting estimates 2-33Going concern considerations 2-34Chapter 3 3-1Internal Control Structure 3-1Understanding internal control 3-4The components of internal control 3-6Acquiring knowledge of the controls 3-9Assessing control risk 3-10Plan’s use of third-party service organizations 3-11Plan’s use of voice response and internet-based recordkeeping systems 3-16Documentation 3-17Communicating control deficiencies 3-18Chapter 4 4-1Auditing the Statement of Net Assets Available for Benefits 4-1Accounting guidance 4-3Listing of investments 4-4Valuation of investments 4-5Investment options 4-6Audit objectives 4-8Audit procedures 4-9Investments in master trusts and similar vehicles 4-11Investments in registered investment companies (mutual funds) and common or commingled trust funds 4-13Investments with insurance companies 4-15Direct filing entities (DFE) 4-20Other investments 4-21ERISA limited-scope auditing procedures 4-24Contributions receivable 4-26Notes receivable from participants receivable 4-27Cash balances 4-29Other assets 4-30Accrued liabilities 4-31Chapter 5 5-1Auditing the Statement of Changes in Net Assets Available for Benefits 5-1Investment income 5-3ERISA limited-scope audit 5-7Investment expenses 5-8Contributions from employers 5-9Individual participant accounts 5-12Participant eligibility 5-17Contributions from other identified sources 5-18Withdrawals 5-19Loans 5-20Administrative expenses 5-22Chapter 6 6-1Other Auditing Considerations 6-1Plan tax status 6-2Testing for discrimination 6-7Consequences of violations 6-8Failure to pass nondiscrimination tests 6-9Commitments and contingencies 6-10Subsequent events 6-12Representations from plan management 6-14Illustrative attachment to management representation letter 6-18Form 5500 and supplemental schedules 6-21Information for supplemental schedules from trustee or custodian 6-28Terminating plans 6-32Plan mergers 6-35Party in interest transactions 6-36Initial audit of the 401(k) plan 6-41Form 11-K: The Sarbanes-Oxley Act of 2002 6-44Communication with those charged with governance 6-47Chapter 7 7-1The Auditor’s Report and Financial Statement Disclosures 7-1The auditor’s report 7-4Standard report 7-7Additional communications: Emphasis-of-matter and other-matter paragraphs 7-10Modified reports 7-12Non-GAAP basis financial statements 7-14Reports filed pursuant to the SEC Form 11-K 7-16ERISA limited-scope reports 7-21Financial statement disclosures 7-24Appendix A A-1ERISA and Related Regulations A-1Appendix A A-3Glossary Glossary 1Index Index 1Solutions Solutions 1Chapter 1 Solutions 1Chapter 2 Solutions 4Chapter 3 Solutions 6Chapter 4 Solutions 8Chapter 5 Solutions 10Chapter 6 Solutions 12Chapter 7 Solutions 17