Specialised Master in Auditing and Consulting

ESCP Europe Business School

Program Description
EFMD Equis Accredited
AACSB Accredited

Specialised Master in Auditing and Consulting

ESCP Europe Business School

Today’s business environment is one of risk and uncertainty.

The financial and banking crisis has forced corporations to change their business models, their information systems and management processes to improve performance and to manage risks.

The environment has become more complex, more international and is subject to constant change. In meeting the requirements of their clients, the auditing and consulting professions have adapted their techniques and services. We, at ESCP Europe, have evolved, and the MS Programme Auditing and Consulting, reflects the professional requirements. Our course programme responds to the skills and disciplines required by auditors and consultants, and the teaching methods are based on an interdisciplinary and team approach.

Key features and Dates

The ESCP Europe Masters are professional-oriented programmes in specific management areas designed for postgraduates with a clear career goal and lead to a specialisation or double skill in response to corporate demand for highly qualified managers.

This Master is a one-year full-time academic programme designed for students holding a first master’s-level academic or professional degree in engineering, business, architecture, medicine, law, pharmacology, political science, the arts, or any other graduate degree.

The curriculum comprises six months of full-time coursework including an international seminar, followed by a company placement lasting at least four months and the completion of a professional thesis to be remitted at the end of the programme. Courses are taught in English and the national language of our respective campuses.

Curriculum

A Programme adapted to the Professional Environment

The programme consists of three poles of activity, corresponding to each phase of your studies. The course design ensures an integrated link between each phase.

  • 2 terms of intensive courses - September to December; May and June. A one-week international seminar abroad is included and takes place in July.
  • 1 term of professsionalisation from January to April : a company placement of 4 months and a professional thesis defended orally to a committee between early November and mid-December the year following the September intake.

Participants have to be proficient both in French and English.

The course programme is structured around the two academic terms spent at ESCP EUROPE:

  • September to December, the basic knowledge modules
  • May to June, the application seminars and workshops

Knowledge Modules:

  • Auditing
  • Financial Accounting
  • Management Accounting
  • Corporate Finance
  • Business Law & Taxation

Seminars and Workshops:

  • Internal Auditing and Corporate Governance
  • Mergers & Acquisitions
  • Corporate Finance & Valuation
  • Risk Management
  • Management Consulting Techniques (applied to different sectors/activities)
  • International Financial Reporting
  • Forensic Accounting and Fraud Risk Management
  • Banks & Financial Institutions
  • The Sports Industry
  • Industrial Management

Knowledge Modules

Financial Accounting

This course will provide students with the basic concepts of accounting to understand the “language of business”. Accounting is the process of recording, organising, maintaining and analysing financial activities. Students will learn the various steps from the transaction inception to the preparation of the financial statements. In understanding how financial statements are prepared, students will have acquired the basis for other courses on auditing, financial analysis and finance.

Consolidation techniques for preparing group financial statements, including “GAAP” policies (French, IFRS and US principles…)

Auditing

The course will provide students with the basic concepts of auditing activities :

  • Risk Evaluation
  • Audit planning strategies
  • Evaluation of internal control systems
  • Financial analysis
  • Evaluation methods of information Systems
  • Security aspects of files and databases
  • Control software in information systems

Management Accounting

The course will provide students with the basic conceptss of management accounting :

  • Cost and profit analysis
  • Budgetary architecture
  • Strategic Analysis (strategic diagnosis, sector analysis, processes in decision making and corporate culture)
  • Activity- Based Costing (ABC)

Business Law & Taxation

Students will acquire a pragmatic approach to business law and taxation:

  • Principles of business law
  • Company structures and the role of legal auditors: from their creation to their dissolution
  • Study of the different taxation regimes in France
  • Current tax issues for large companies

Corporate Finance (I) : the basics

The Corporate Finance function is mainly responsible for investment and financing decisions. This course will cover the main concepts and techniques relating to:

  • Financial Statements Analysis
  • Investment decisions
  • Financing decisions
  • Stock market analysis

Seminars and Workshops

Internal Auditing and Control

The objective of this course is for students to learn the key concepts and definitions underlying the modern practice of internal auditing, give an overview of internal audit methodology and techniques, including behavioral and communication skills. The course will also cover specific aspects like fraud, information technology and ethics in internal auditing. The course will discuss the recent trends and challenges in the profession of internal auditing, particularly the role of risk management and the latest developments in the field of internal control; it will provide an introduction to regulatory aspects on internal control in France in relation with the governance of firms. Career opportunities in the profession on internal auditing will also be discussed.

Risk Management

The objective of this course is to present the approach and techniques for managing corporate risk, including credit risk, market risk, liquidity or funding risk, insurance and investment risk, operational risk, and regulatory compliance risk

Corporate Finance (II) :

  • The links between performance and value
  • The cost of capital assessment
  • The discounted cash flows approach (DCF)
  • The comparable approach (or market approach)

Mergers & Acquisitions

This course will provide students with an in-depth analysis of mergers and acquisitions transactions:

  • Recent history of mergers and acquisitions
  • Explanatory factors of M&A
  • Typology of M&A operations
  • Value creation
  • LBO’s, Private Equity Funds, Hedge Funds…

Consulting Activities

This workshop will provide students with methods and techniques used by consultants in different sectors of activity. Through a case study, students will better understand how consultants work: answering a call for tender, giving a presentation…

Financial Reporting under IFRS

This workshop will provide students with the main issues of IFRS, insisting on the main differences with French GAAP: objectives of the financial statements, financial statements format, revenue recognition, impairment of tangible and intangible assets, financial instruments…

Accounting and Auditing for the banking sector

  • Presentation of the activities,
  • The regulatory context of the banking sector
  • Features of the information systems (the BAFI reporting procedures) and the prudential ratios
  • Internal control systems
  • Typology of auditing missions

Industrial Management

This workshop will provide students with the key concepts of industrial management

  • Organisation of the production function
  • Identifying production management challenges
  • The principal interfaces between the production function and other corporate functions
  • Understanding “Just-in-Time” and “Total Quality” techniques

Fraud Risk Management in banking sector

Fraud is ever-present and evolving, but so is the solution to curb and prevent it. Fraud Risk Management relates to the practical techniques to reduce fraud (forensic auditing, forensic accounting, consulting advice on systems design and preventive measures ...). The seminar’s objectives are to enable students to:

  • understand the elements of fraud, both civil and criminal
  • evaluate an organisation, its governance and risk management systems
  • identify fraud schemes and detection techniques

Professional thesis / dissertation

Subsequent to the internship, students must complete a professional dissertation in consultation with an ESCP Europe Professor. This individual research project is an essential part of the programme since it leads to in-depth analysis. The topic chosen is approved beforehand by an academic advisor and students are taught research methods. The dissertation is defended orally between early November and mid-December.

The dissertation is the final stage of the programme. It represents 30 of the total of 75 ECTS credits earned over the year.

Here are a few examples of thesis topics of the Specialised Master in Audit and Consulting:

“The Subprime Crisis: analysis of the causes and responsibilities”, by Omar Sharif “The impact of IFRS on group financial statements” by Matthias Buchler. “New approaches to credit risk management and Value Creation in banks” by Thi Ngoc Tram Truong. “The role of minority shareholders in corporate governance in the United States, Great Britain and France” by Hélène Leclerc.

Careers

1

Admissions Requirements

  • Holders of a first Master's degree.
  • Holders of a Bachelor degree (240 ECTS) : with a minimum of 3 years professional experience
  • Holders of a Bachelor degree without professional experience (less than 30% admitted)

Procedure for the first Intake (January)

The on-line registration is mandatory.

  • Carefully complete the online application form, providing all required documents.
  • Print your application form and send it by post before January 14th, 2016.

Two-stage admissions process:

Stage 1 - Review of the candidate’s application file and of the English test score:

Students must submit a copy of the results of a TOEFL or a TOEIC listening and reading score or IELTS score (taken within the last two years) in their application file.

For the following Specialised Master, an additional test is required:

  • Specialised Master in Media : An essay assessing the candidates’ inventiveness. The student may chose the subject of the essay from a list (2 hours).

Stage 2 - A personal interview reserved for eligible candidates.

Procedure for the second Intake (May)

The on-line registration is mandatory.

  • Carefully complete the online application form, providing all required documents.
  • Print your application form and send it by post before April 19th, 2016.

Two-stage admissions process:

Stage 1 - Review of the candidate’s application file and of the English test score:

Students must submit a copy of the results of a TOEFL or a TOEIC listening and reading score or IELTS score (taken within the last two years) in their application file.

For the following Specialised Master, an additional test is required:

  • Specialised Master in Media : An essay assessing the candidates’ inventiveness. The student may chose the subject of the essay from a list (2 hours).

Stage 2 - A personal interview reserved for eligible candidates

Procedure for the third Intake (September)

The on-line registration is mandatory.

  • Carefully complete the online application form, providing all required documents.
  • Print your application form and send it by post before July 2nd, 2016.

Two-stage admissions process:

Stage 1 - Review of the candidate’s application file and of the English test score:

Students must submit a copy of the results of a TOEFL or a TOEIC listening and reading score or IELTS score (taken within the last two years) in their application file.

For the following Specialised Master, an additional test is required:

  • Specialised Master in Media : An essay assessing the candidates’ inventiveness. The student may chose the subject of the essay from a list (2 hours).

Stage 2 - A personal interview reserved for eligible candidates

This school offers programs in:
  • English


Last updated August 15, 2016
Duration & Price
This course is Campus based
Start Date
Start date
Jan. 2017
Duration
Duration
1 year
Full time
Price
Price
17,100 EUR
Information
Deadline
Start date Jan. 2017
Place
France Paris, Ile-de-France
Application deadline Request Info
End date Request Info
Duration 1 year
Price 17,100 EUR