This text provides a new global perspective that reflects the evolutionary changes in the way organisations do business including: - How the new definition of internal auditing is reshaping the profession. - What the new competency framework means. - Why alignment with management is essential for achieving organisational goals. - The implications of outsourcing the internal audit function. - Strategies and specialties that are now apart of today's internal auditing practice. - Value-added approaches that are redefining roles of internal auditors.