Analytical Tools as a Base of the Effective Work of Internal Auditors and Internal Control Specialists
The need for representatives of the relevant professions to have the skills and comprehensively apply analytical tools under the areas of their professional activities has been established by the current professional standards “Internal Auditor” and “Internal Control Specialist (Internal Controller)”, approved by the Ministry of Labor and Social Protection of the Russian Federation. Meanwhile, both in the above documents and in the scientific literature, proposals on the composition, integrated use of these tools, as well as on the forms of their practical application, are not fully disclosed. The study’s goal is the practical application of the existing tools, as well as to develop recommendations for its more efficient use by specialists of internal audit and internal control of corporations and large holding structures. The authors presented the data which consisted step-by-step instructions for the practical application of analytical tools in the relevant areas of activity and would be of interest to both practitioners and students in the relevant areas.