This comprehensive publication serves as a complete guide to the theory and practice of internal auditing, although founded on professional audit theory, it seeks to incorporate the real life experiences of the audit practitioner. Spencer Pickett covers the conventional audit topics as well as many specialist areas such as computer audit, fraud investigations, value for money, managing change and establishing an audit function. The developing scope of the new corporate auditor's work is reflected in the diverse material that is contained in the book. New material includes: the new definition of internal audit issued by the Institute of Internal Auditors (IIA), a new set of professional auditing standards, new focus on risk management, the key role of auditors in corporate governance, and more emphasis on professionalism. The new edition will also have strong international dimension with coverage of key developments in audit, governance, risk management and control in the USA, Canada, Australia,, New Zealand, UK, Europe and Asia Pacific.