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