The press is constantly revealing new financial frauds and scandals. As a result, the accounting profession's traditional methods of monitoring corporate financial activities are being scrutinized. Simultaneously, it is acknowledged that the principles-based GAAP of the International Accounting Standards Board will become the recognized standard in the United States. According to the authors, as investigators adapt accounting techniques into a forensic audit engagement model, these two factors will change the practices used to combat corporate malfeasance.