STATE OF WISCONSIN
Department of Employee Trust Funds
Internal Audit
EXECUTIVE & BOARD AUDIT REPORT
MEMBER ACCOUNT ANALYSIS 2001-2002
Validation of Service and Money Purchase Data
August 2006
2006-1A
TABLE OF CONTENTS ____________________________________________
TRANSMITTAL LETTER ............................................................................................................1
EXECUTIVE SUMMARY ............................................................................................................2
LEGEND:
1999 Wisconsin Act 11
Act 11
Benefit Payment System
BPS
Department of Employee Trust Funds
ETF
Division of Information Technology
DoIT
Division of Insurance Services
DIS
Division of Retirement Services
DRS
Division of Trust Finance and Employer Services DTFES
Participant Account Ledger System
PAL
Qualified Domestic Relations Order
QDRO
Statement of Benefits
SOB
Wisconsin Employee Benefit System
WEBS
Wisconsin Retirement System
WRS
August 2006
Eric Stanchfield, Secretary
Department of Employee Trust Funds
Subject: Audit of Member Account Analysis 2001-2002
Validation of Service and Money Purchase Data
To address the need for an independent integrity review of critical databases, within the Depart-
ment of Employee Trust Funds (ETF) Internal Audit has completed a review of 2001-2002
Statement of Benefits (SOB) data for all accounts.
Attached is a one-page Executive Summary and Board Report which introduces and describes
the audit, and summarizes the affect the audit will have, the risks to ETF found in the audit, and
plans of action to be taken as a result of the audit. We have also written a comprehensive audit
report to assure ETF management and staff has sufficient details to implement plans of action for
applicable risks and exposures