Master of Science Audit & Controlling

MSc & MBA
Bac +3, Bac +4, Bac +5
September, February
initial, alternating
Bordeaux, Paris, Lyon
French
Home » Programs and Training » Master of Science Audit & Controlling

De nouvelles approches qui nécessitent des compétences pointues

‘Zouhair BENBRAHIM’

‘Directeur de programme ‘

The MSc 2 Audit & Management Control course

The audit and management control functions ensure the sustainable performance of companies in compliance with the constantly evolving legal financial obligations, as well as the increasingly robust internal procedures.

They are increasingly involved in steering and decision-making with control of the associated risks. According to recent economic studies, regulatory changes and the national and international economic situation are leading to restructuring and the search for new sources of profit. In this context, financial institutions are looking for executives who are very aware of these developments and are able to adapt constantly.

To accompany these new necessary orientations, these markets remain very open to well-trained young executives who are perfectly operational in their fields.

Student and tutor working on a project in auditing and management control finance training at inseec

A diploma in 1 or 2 years to become an Audit and Management Control Expert

Holders of a BAC+3 can apply for thefirstyear of the MSc, and holders of a BAC+4 can apply directly for the second year.

This programme enables students to acquire training adapted to the expectations of organisations in the field of management control and internal audit.

The student should be able to make decisions based on an in-depth analysis of the financial statements of any organization and should master the appropriate tools for evaluating the operation and performance of a management department. Finally, he/she will be able to demonstrate writing and interpersonal skills as well as technical competence, which will enable him/her to carry out financial studies, design management charts or manage relations with shareholders

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The Courses

The courses presented below are given as an example, they may vary slightly depending on the teaching campus. The course content is adapted each year to market developments and updated before the start of each new school year.

Les cours de 1ère année

PROFESSIONAL METHODS AND PRACTICES – 1ST YEAR

Business Game

The business game is played using a business simulator. Groups of students are responsible for running a business in real time. All major business functions are covered. Students will make decisions to maximize the profitability of the business.

Ateliers techniques professionnels et Management Personnel

  • CV writing, recruitment interview techniques for the search for an internship, professional project management, team management and meeting management.
  • Negotiation techniques, transactional analysis and NLP, speaking and stage fright management, management and leadership techniques (PRADITUS).
  • Skills assessment, coaching, digitization of the CV and job search techniques at national and international level, preparation for the defence of the applied research thesis.

Conférences Métiers

Presentation of the professions in the sector by professionals.

CROSS-CUTTING AND FUNDAMENTAL COURSES

Gestion budgétaire et Tableaux de Bord

The objective is to acquire key skills in terms of budget management and reporting. The focus will be on budget architecture, with the implementation of summary documents, project management control and its link with budget management, and the creation and steering of performance indicators.

Business Plan et Création d’entreprise

The objective of this module is to learn how to draw up a business plan: Designing a costed project for the creation or development of a company.

Several steps are covered: feasibility study, market targeting, opportunities and risks, strengths and weaknesses, communication, financing plan and profitability.

Stratégie d’entreprise

A precise methodology for analyzing customer needs, market structure and competitor dynamics to identify opportunities and threats in the environment is presented.

Négociation

This seminar focuses on a negotiation in a national and international context.

In particular, it will be necessary to take into account the cultural dimension and define its impact in an international negotiation. The national negotiation will focus on the sales process through role playing.

Anglais 

To perfect English language comprehension and communication skills in a wider context than just business English. Students are required to take the TOEIC test.

Informatique de Gestion

This module aims to deepen students’ skills in IT to meet the needs of companies in terms of budgetary or commercial monitoring, project management, personnel management and communication: Excel, Word, Powerpoint, teamwork tools, business software.

It aims to be efficient with office automation tools, identify and correct errors quickly, customize existing tools or create your own tools.

Business game

The business game is played using a business simulator. Groups of students are responsible for running a business in real time. All major business functions are covered. Students will make decisions to maximize the profitability of the business.

Business Skills

What makes a successful business person?

Internal and external communication skill; managing your priorities and deadlines; organization and time management skills; how to be a great listener, writer and speaker; effective sales techniques; effective group dynamics and project management skills; understanding international business culture.

SPECIALIZED COURSES

Fondamentaux de la comptabilité 

The knowledge acquired during this module will enable you to master the accounting system as well as the elements that make up the balance sheet and the income statement. The key concepts are the formation of the result, the fixed assets, the current operations (VAT), the reductions, the personnel expenses, the stocks or the loans. The course will be based on case studies to facilitate understanding through a mixed theory and practice approach.

Contrôle de gestion et pilotage d’activité 

The objective of this course is to know how to apply the fundamentals of management control in a professional context of activity management. The teaching will be based on practical cases of company creation in various structures (bank agency, profit center). A focus will be made on the implementation of performance management tools through management control. Students will be able to create and interpret a dashboard, financial indicators and understand strategic decision-making based on reporting tools.

Audit et commissariat aux comptes 

The objective of this module is to make learners aware of the importance of the opinion and the public interest mission of the auditors. The focus will be on the differentiation between internal control and internal audit. The learner will be able to complete a risk table from audit tests, understand the concept of materiality, measure the importance of evidence in conclusions, and distinguish between management and auditor responsibility. The module will favour an approach based on case studies, in particular by studying the diagnosis of risks (case of expense accounts).

Comptabilité approfondie 

The course covers a presentation of the accounting logic and its regulatory framework. It is structured around the main cycles of operations that affect the life of a company: incorporation, acquisition of assets and the creation of liabilities. At the end of this module, the learner will be able to understand the accounting entries related to the main events affecting the life of the company and interpret the accounting statements produced by the company.

Analyse financière 

The final objective of this module is to introduce learners to the financial analysis of a company. The financial analysis will focus on the analysis of the activity (control of the intermediate balance of management (SIG), of the self-financing capacity (CAF)). But also in the analysis of the financial structure (top balance sheet operations, operations, cash flow, complements).

États financiers internationaux 

The objective is to understand the different types of management in order to manage one’s team efficiently. The management takes into account the management of commercial objectives while guaranteeing the motivation of the team and promoting cohesion. The identification of conflict risks within the team through an approach that takes into consideration the types of profiles and expectations of the collaborators is addressed in this module. This course integrates various positive management scenarios and emphasizes the notion of leadership in comparison to that of management.

Droit des affaires 

Definition of business law. The concept of contract. The different types of obligation: obligation of means and obligation of result. The concept of legal personality, the functioning of the SARL, the SA and the SNC. Criteria for choosing a business form. The role and powers of the control and management bodies. The principles and the fields of application of the tax, the tax optimization in a group. International taxation. VAT: principles and mechanisms. Special VAT regimes. The territoriality of VAT: the rules of the territoriality of VAT, the deliveries of movable goods, the supply of services. The VAT due: the VAT base and its calculation.

Finance d’entreprise 

The objective of the course is to allow the student to acquire the first reflexes of a financial analysis by having a global vision of the company through the study and the analysis of the main existing financial documents (balance sheet and income statement). This work will be based on the analysis of the internal legal structure and its impact on the evolution of the company. Emphasis will also be placed on the ability to determine the profitability of an investment and on techniques for valuing a company.

Finance de marché 

The objective of this module is to better understand the organization and functioning of the different segments of the capital markets as well as the characteristics and functioning of the main financial assets issued and traded on the markets. It is also about knowing how to manage a portfolio of fictitious financial assets. Here are the points that will be studied in class: the organization of the markets (typology, actors, regulatory authorities), the debt markets (money market, bond market), the equity markets (characteristics and typology of equities, operation, management of an equity portfolio), and the derivative markets (futures, options, swaps).

Fiscalité des entreprises 

The objective of the course is to know how to master the tax regulation by discovering the functioning of the main taxes and duties concerning companies. Concepts such as income tax, registration fees, real estate wealth tax, corporate tax and VAT will be covered during this module. At the end of the course, the learner should be able to calculate the various taxes and duties affecting companies.

Les cours de 2ème année

PROFESSIONAL METHODS AND PRACTICES – 2ND YEAR

Ateliers techniques professionnels et management personnel

CV writing, recruitment interview techniques for the search for an internship, professional project management, team management and meeting management.

Negotiation techniques, transactional analysis and NLP, speaking and stage fright management, management and leadership techniques (PRADITUS)

Skills assessment, coaching, digitization of the CV and job search techniques at national and international level, preparation for the defence of the applied research thesis.

LinkedIn workshops.

Financial reporting

 Certification et commissariat aux comptes groupe 

The course prepares students to evolve in legal or contractual audit situations by taking into account the reforms of legal auditing (European reform, Pact law). At the end of this course, the student must be able to evaluate the stakes of an audit mission by measuring the specificities of a legal audit or a contractual audit. It must also be able to describe the content of each engagement, define the auditor’s responsibilities and the purpose of the audit report.

Reporting financier et normes internationales 

This module is designed to familiarize participants with international accounting standards by giving them a first approach to US GAAP and IFRS (international financial reporting standards). The objective of this course is to familiarize students with the main differences between Anglo-Saxon standards (US GAAP and IFRS) and French standards, as well as to identify the scope of application (legal and conventional criteria) and the practical applications of these standards in the daily activities of French companies.

États financiers et diagnostic 

The analysis of the economic and financial performance as well as the diagnosis of the value creation process of a company are the essential elements of this teaching. There will also be a focus on profitability measures (capital employed and leverage) and value creation measures. At the end of this module, the student should be able to understand the impact of the financial approach of the company on the implementation of the strategy and its repercussions on the management control.

Audit

Audit des fusions acquisitions 

This module outlines the different steps in an acquisition/disposal process, from the appointment of an M&A advisor to the signing of the deal and the integration of the target. A presentation of the intervention of “TS teams” (financial due diligence experts) will complete this part of the module. A focus will be made on the transaction professions and their daily missions. At the end of this module, the learner should be able to distinguish the different actors in a transaction process as well as the key steps and documents involved in this process. They will be asked to practice on a practical case to understand the possible adjustments to ebitda and net debt.

  

Audit comptable, fiscal et financier 

This course presents the concepts, methods and techniques of accounting and tax auditing (analytical review technique, third party circularization, subsequent review of disbursements, etc.). At the end of the course, students should master the fundamental concepts, techniques and tools of accounting and tax auditing, enabling them to carry out auditing assignments in companies in compliance with international standards isa (international standards on auditing). This module is completed by case studies that allow the learner to validate the acquisition of concepts.

Audit interne et de groupe 

The evolution of the audit profession and tools will be presented to the learners by demonstrating the purpose of internal auditing applied to a group and by studying the tools specific to it. A focus will be made on the case of the audit of subsidiaries in the framework of a group strategy. Learners will gain an understanding of the integration and role of internal audit within an organization and its impact on other functions. They will learn how to prepare an audit and summary report.

Contrôle interne et management des risques 

This course will be devoted to the study of the tools and organizational issues of internal control with the presentation of the concepts and fundamentals of risk management in companies. Other concepts will be addressed during this module such as the regulatory environment related to internal control, the internal control of banks and its specificities. Participants will learn how to create an internal control framework as a steering tool. Finally, risk management will be analyzed through the establishment of a risk map.

Management control and activity management

Contrôle de gestion industriel et calcul des coûts

The objective of this module is to master the basics of costing applied to industrial management control. It will cover several points such as full costing, partial costing, rational allocation of fixed costs, predetermination of costs and variance analysis. A focus will be made on the ABC (activity based costing) method, a tool for analysing costs by activity. At the end of this module, the learner should be able to understand and participate in the implementation of different costing methods.

Contrôle de gestion et reporting stratégique 

This course ensures that students are able to implement management tools through management control in a performance and strategic planning approach. To this end, this module will be based on the determination of performance management tools (reporting, dashboards, etc.) and performance indicators (customers, processes, financial, innovation learning). The BSC (balanced score card), a system for visualizing the company’s performance and its evolution, will be particularly studied. A role-playing game will allow learners to assimilate the concepts.

 Contrôle de gestion bancaire et des activités de service 

The fundamentals of management control applied to the specificities of the service and banking sectors will be the core of this course. The course will study activity management tools, banking regulations, as well as techniques for establishing a risk map, constructing a balance sheet, a projected income statement and a differential income statement specific to the sectors. A practical application will be made via the case of the creation of a bank branch.

Cash management, accounting and law

Audit IT et sécurisation des données (cybersécurité) 

An important part of this course will be to make learners aware of the risks of attacks on systems within a company and the realities and consequences of industrial espionage. They will learn the mandatory rules of caution (physical, material and system security). The participants will have to recognize cyber attacks and internal risks to an organization by implementing a strategy to identify vulnerabilities (physical and computer) in an organization (IT audit / internal risk identification) and to alert specialized governmental and private services in case of intrusion or attempted intrusion (physical and computer).

 Crédit et cash management 

The objective of this course is to give learners the knowledge they need to make cash flow forecasts, master bank negotiations, and choose the right short-term financing. The final objective is to enable them to decide on an application or on the granting of a short-term loan. The students will then be able to identify the causes of variations in WCR (working capital requirements) but also to know the various short-term credits in order to be able to propose solutions adapted to the various problems of companies.

Ethique des affaires  

Laws and regulations, in line with societal expectations, now require companies to be increasingly transparent. Companies, financial institutions or organizations must implement an ethical program and disseminate behavioral values in individual and collective decision making.

The objective of this module is to make learners aware of the regulatory risks within the company (competition rules, the fight against fraud and corruption, and personal data management, etc.) and to instil in them a culture of compliance.

Optimisation fiscale des entreprises 

Through this module, learners will master the fundamentals of business taxation in order to optimize the tax performance of a company. At the end of this course, the learner should be able to know the fundamental notions of VAT (collected, deductible, credit, etc.), including international and the determination of the net result of a company or a corporation tax company.

Supply chain management : flux informations financières (ERP) 

This module aims to understand the challenges of purchasing and supply chain in relation to data management systems (ERP). An ERP (enterprise resource planning) is an information system that allows the daily management and monitoring of all the information and operational services of a company. During this module, several methods will be used such as pareto analysis or the ABC method. This module will enable learners to understand the various interactions between purchasing and the supply chain and to understand the use of an ERP to process the numerous information from these two functions.

Comptabilité approfondie

The course is a presentation of the accounting logic and its regulatory framework. It is structured around the main cycles of operations and events that affect the life of a company. Different elements of accounting will be studied in depth, such as the accounting of operations in the equity cycle, operations in the purchase and sales cycle, operations in the investment cycle, debts and payroll. Thanks to this course, the learner will be able to understand the accounting entries relating to the main events affecting the life of the company and interpret the accounting statements produced by the company.

Projects, internships and career paths

Projet d’entreprise

Solving a company case or a professional application leading to a presentation in front of the company and the teaching team.

The course content is adapted each year and updated before the start of the new school year


2 start dates per year and varying study rhythms

There are two openings per year,in February/March and September/October. To check the opening of each intake, contact the admissions department directly.

The rhythm of the courses may differ depending on the campus and whether the training is carried out under an internship agreement (initial) or a professionalization/apprenticeship contract (continuing).

The work-study contract must be signed for a period of 12 months (MSc 2), 24 months (MSc1 + MSc 2) or 18 months for the staggered start of March (continuation of studies in MSc2).

Students on the Lyon campus talking and laughing in the corridors during the finance inter-course

Career opportunities after an MSc 2 Audit and Management Control

  • Merger & Acquisition Analyst
  • Financing Manager
  • Business Manager
  • Credit Analyst
  • Financial Manager

What business skills are developed?

The objectives in terms of skills are to be able to:

  • Steering the performance of a company
  • Controlling the performance of a company
  • Realization of the control and the audit
  • Animation of the control
  • Animation of business teams in the context of an audit and performance analysis mission
  • Advice and information on taxation and business law

This program delivers the title of ” Expert in Audit, Control & Consulting ” of level 7 (EU) registered in the RNCP (National Directory of Professional Certifications) under the code NSF 312.

The certification is obtained by capitalisation of all the blocks of skills.

For more details, please consult the online repository: https: //www.certificationprofessionnelle.fr/recherche/rncp/35008

Program available on the Paris, Bordeaux, Lyon and Chambéry campuses.

What are the teaching methods?

Teaching methods

  • Lectures and interactive courses
  • Situational exercises through collective or individual case studies carried out by the students
  • Conferences, seminars and educational visits

Evaluation methods

  • Individual or group case studies
  • Individual and group oral presentations
  • Individual and group files

Methods and tools

  • The evaluation methods are face-to-face, in the form of continuous assessment or final exams in the form of mid-term exams.

What are the tuition fees for the course?

Initial training:

Paris and Chambéry :

  • Entry in MSc1 : 9 950 €.
  • Entry in MSc 2 after M1: 10 050 €.
  • Direct entry in MSc2: 11 450 € (Paris)
  • Direct entry in MSc2 : 9 950 € (Chambéry)

Bordeaux and Lyon:

  • Entry in MSc1 : 9 980 €.
  • Entry in MSc 2 after M1: 10 050 €.
  • Direct entry in MSc2 : 11 980€.

Continuing education (sandwich course) :

Paris and Chambéry :

  • Training 24 months : 20 800 € HT
  • Direct entry in MSc2 : 11 950 € HT

Bordeaux and Lyon:

  • Training 24 months : 21 230 € HT
  • Direct entry in MSc2 : 12 280 € HT

VAE/VAP :

  • VAE : 4 200 € HT
  • VAP : 850 € HT

International package: Mandatory fee of €490 for support services exclusive to international students.

What kind of financial aid is available?

INSEEC offers several financial aid schemes:

Key figures for the MSc Audit and Management Control course

90%

Overall satisfaction with the course – Class of 2019

95%

Success Rate – Class of 2019

87%

Employability Rate – Class of 2019

81%

6-month CDI rate – Class of 2019

Actualités

Disability

The OMNES Education Group pays particular attention to the societal environment, including the disability dimension. Indeed, we believe that students with disabilities should not have any problems in pursuing their studies and starting a professional career. We accompany them to facilitate their access to the premises, offer them personalized advice as well as adapted accommodations throughout their school career.

Accessibility of premises: all our campuses are accessible to people with disabilities.

To learn more about the OMNES Education Group’s disability policy, click here.


Contacts for disability referents by campus:
Bordeaux : Anne-Sophie SCHENKELS – asschenkels@inseec.com
Lyon : Mylène BESTOSO – mbestoso@inseec.com
Paris : Priscila SELVA – pselva@inseec.com
Chambéry : Géraldine RIVAL – grival@inseec.com


Updated 10 May 2022