22. The case by the Match King resulted in a Ponzi scheme and helped build support for passage of US Securities Acts of 1933 and 1934.

a. Phar Mor

b. McKesson & Robbins

c. Kreuger & Toll

d. ZZZZ Best

23. .The case with major collusion among brothers that resulted in Statement on Auditing Procedure #1(made observing inventory and confirming accounts receivable) a standard audit procedure.

a. Phar Mor

b. McKesson & Robbins

c. Kreuger & Toll

d. ZZZZ Best

24. The auditors in this case failed to discover fraud because the company overvalued inventory and had them audit only four stores. The owner was also using funds to continue his hobby with the World Basketball League..

a. Phar Mor

b. McKesson & Robbins

c. Kreuger & Toll

d. ZZZZ Best

25. Case where a teenager began a carpet cleaning business that would later become a major source of fraud.

a. Phar Mor

b. McKesson & Robbins

c. Kreuger & Toll

d. ZZZZ Best