Take the following as truth: 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).
Then the following statement: "The Panel felt that forensic auditing was going to revolutionize the detection of fraudulent financial reporting." is true, false, or inconclusive?
Answer: Inconclusive