Promote well-rounded controls in your EBP clients and work with them to detect common areas where fraud and embezzlement may happen. Hear how plan fiduciaries, retirement plans, health/welfare plans, etc. were victimized in the last year. Know how to assist your client in reporting to the DOL/EBSA, IRS/CID, insurance companies, and police detectives.
Recall similar situations where fraud happened to EBP clients like yours.
Indicate what controls can be enhanced to lessen the risk your clients incur fraud and/or embezzlement while they are your client.