anchor: 6The concept of forensic auditing was recently suggested by the Panel on Audit Effectiveness to improve the likelihood that auditors will detect fraudulent financial reporting (see The Panel on Audit Effectiveness Report and Recommendations, Aug. 31, 2000).
positive: The Panel on Audit Effectiveness suggested that forensic auditing is an idea that would make it more likely for auditors to catch fraudulent financial reporting.
negative: The Panel on Audit Effectiveness Report and Recommendations was published in May of 2001.