(005) Protecting older adults from fraud

Fraud perpetrated against seniors can cause tremendous harm. But family, friends and accounting professionals can help.

Older adults can be inundated with suspicious communications from potential fraudsters these days.

That's why this episode is a must-listen for older adults who are worried about being susceptible to fraud, as well as for their family members and friends who want to protect them.

Mitchell Freedman, CPA/PFS, and Ann Marie Milinazzo, CPA/PFS, share insights on fraud schemes to watch for. They also outline tactics that can be used to protect older adults from fraud.

You'll hear:

• Tips for recognizing fraudulent communications.
• How family members and friends can protect older adults, and how accounting professionals recognize whether family members have their parents’ or grandparents’ best interests at heart.
• How advance planning can help reduce older adults’ exposure to fraud.
• What to do if you become a victim of fraud.

Connect with our guests, Ann Marie Milinazzo and Mitchell Freedman.

For more on the work of accountants in the public interest, visit our Purpose In Action page at AICPA.org.

Feedback and comments welcomed at [e-mail]

This is a podcast from AICPA & CIMA, together as the Association of International Certified Professional Accountants.