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Hels ts Avold Senmss TO: Members of ACC 331: DATE: March 12, 2023 FROM: Senior Manager - Small Business, NYC On behalf of our tax, financial advisory and medical service clients, we thank you again for taking the time to review our accounting processes. Our business continues to grow despite the impact that COVID-19 is having on our economy. In fact, the sound and reliable guidance that you and particulariy members of ACC 331 provided to address previous concems is needed more now than ever before. Reminement 1. Based on your experience and insight, help us identify three recent seams that may impact our business. Whether the scam is related to medicine (COVID-19), the Economic Impact Payment (e.g., stimulus check payment) process, identity thief or whatever, please help us help our firm and employees. Specifically, for each scam, identify: (1) a specific target group or person (e.g. the elderly, retirees, students or anyone), (2) specific action steps taken by the scammer(s) or fraudster(s) and (3) what could be done to avoid becoming a victim. Try to limit your answers to parts (1), (2) and (3) to 100 words. Remuirement 2. In a formal presentation to the class, discuss / share only two of the six scams from Requirement 1 . Slides are required for your presentation. To earn maximum point value, 50% of your grade is based on presenting Requirement #2 during a 2 to 3 -minute presentation March 19, 2023