Competency Model and Continuous Professional Development Practice for Internal Control and Audit Specialists

Abstract

Problem. Specialists in internal audit play a leading role in ensuring organizational sustainability, minimizing risks, and complying with regulatory requirements. Their professional development is not merely a formality but a strategic tool for adapting to complex economic business processes, rapid digitalization, and global contemporary challenges. Methodology. The methodological foundation of this descriptive-constructive research utilizes systemic and competency-based approaches, considering the principles of andragogy, and normative analysis of professional standards and best practices (Benchmarking). The study examines the key principles of organizing internal auditor training: continuous competency development, integration of theory and practice, orientation towards industry needs, and outcome evaluation. Results. Based on analytical reports presented by the Institute of Internal Auditors, trends and market dynamics in Russia from 2021 to 2025 have been identified. It has been established that the functionality of a modern internal auditor is shifting from a controller to a business consultant and partner. A variety of professional development formats (in-person, distance, internal) are being maintained. When building development programs, emphasis should be placed on key future competencies: 1) business orientation, 2) data management, 3) systemic thinking in control and risk. A fragment of an improved Competency Model in internal audit, considering future trends, is proposed. Practical Application. The application of the competency model in the continuous professional development of internal control and audit specialists will enable organizations to build a foundation for successful corporate governance, allowing them to effectively cope with contemporary world challenges such as digitalization, cyber threats, and the integration of factors affecting the environment, social sphere, and governance (ESG approach).