Given the sweeping overhaul of corporate financial reporting guidelines and stock exchange requirements many companies are struggling to find skilled resources. While the majority of midsized companies continue to use their internal audit staff for traditional functions, the passage of the Sarbanes-Oxley Act of 2002 (SOX) has raised their profile. Internal auditors’ responsibilities at both publicly and privately held companies have also increased. They are now being asked to assume a more strategic role - one that is tied to the overall assessment of risk.