Once you record the voice over, double tap on it in the timeline. In the audio editor you can pan, and even keyframe the panning, for the audio clip.
I just tested it in our beta build and it works nicely, so I believe it would work well with the release version as well.
Hi Terri, I've tried what you've described.. and keep getting the message "not available for mono Audio" I've checked to make sure the iPad isn't in mono audio mode in the Accessibility settings. You are able to do this using the in app "add voiceover"? I know about key framing I use it daily for volume adjustments, but when I attempt to use it for panning, it's not available to me. I've tried with the built in mic on the Ipad and an external microphone plugged into the audio jack.. same result. I can pan all audio imported from audioshare as well as from video files. I don't know how to post screen shots in here, or i'd upload a couple to illustrate what i'm talking about.