The AICPA Audit and Accounting Guide of Employee Benefit Plans states "For initial audits of plans where the plan had assets in the prior year, ERISA requires presenting a comparitive statement of net assets available for benefits." If the plan was effective in 2008 and had no assets in 2007, then do you still need to present a comparitive statement of net assets available for benefits in the financials for the period ending 12/31/08?