Internal audit and risk management - 232 - 2ème année de Master

Ects : 3
Compétence à acquérir :
To be able to implement and to revise a management contro systems avoiding any risk associated to them.
To be able to audit a managemen control system.
To monitor risk with indicators

Description du contenu de l'enseignement :
Management congtrol in private firms. Liink with risk Management
Understand the evolution of the IS-related competitive and strategic context of organizations; Understand the opportunities of IS and information management for organizations; Form critical thinking about digital transformation opportunities and its relevance for corporate strategy; Understand how IS can be leveraged in order to contribute to an organization’s competitive advantage

Enseignant responsable :

• PENELOPE VAN DEN BUSSCHE

Ects : 3
Compétence à acquérir :
To facilitate understanding of the structure of banks in the economy (Including Russian environment )
To have a better appreciation of overall balance of banks
Mode de contrôle des connaissances :
Practical case and final exams

Description du contenu de l'enseignement :
Part 1 : Key issues facing the Bank and the economy

Role of banks
Banks and monetary policy
Systemic risks
Specificities of bank governance

Part 2 : The key risks of the banks

Liquidity, interest rate, credit, market and operational risk

Part 3 : Prudential requirements

From Basel I to basel III

Part 4 : Risk management and internal control

Risk organisation
Key points of internal control matters

(students will analyse banks reports throughout the course to illustrate each key concept)

Bibliographie, lectures recommandées
Risk management in banking - J. BESSIS - Ed. John Wiley & Sons; 3rd Edition (11 décembre 2009)

Ects : 3

Ects : 3
Compétence à acquérir :
Analytical skills applied to organizations to identify drivers of breaches of policies and social and regulatory norms.

Description du contenu de l'enseignement :
Risk Management & Integrity Risk
Students will learn the main theoretical and practical concepts about integrity risks in organisations. These risks encompass fraud, regulatory compliance breaches and harassment in the workplace. Students will be able to understand the context of deviant behaviors and how to detect, prevent and respond to integrity risks in a corporate environment.

Ects : 3

Description du contenu de l'enseignement :
Legal strategy
How to introduce international legal concepts and rules in a strategy.

Ects : 3
Compétence à acquérir :
To be able to implement a financial audit

Description du contenu de l'enseignement :
Financial legal audit
Students wil be able to implement tehrotical audit concepts in legal audit process. They will understand the difference of audit approach (substential vs risk mbased) in international and russain context.

Enseignant responsable :

• PENELOPE VAN DEN BUSSCHE

Ects : 3
Compétence à acquérir :
To be able to implement a international taxation system

Description du contenu de l'enseignement :
International transactions
Taxation
International rules
How to introduce international legal concepts and rules in a strategy. How to avoid risk of multiple taxation in internatiol transactions.

Enseignant responsable :

• PENELOPE VAN DEN BUSSCHE

Ects : 3

Description du contenu de l'enseignement :
Financial risk / operational risk
Corporate finance
How risk management, investment risks impact fiancial statements. How to detect in financial statements financial risks and operational risks before M&A.

Ects : 6
Compétence à acquérir :
To be able to understand French or Russian

Description du contenu de l'enseignement :
Courses in French or Russian

Enseignant responsable :

• PENELOPE VAN DEN BUSSCHE

Ects : 3

Description du contenu de l'enseignement :
Internal audit
Risk management
Students will be able to link internal, risk management, internal control. They will be able to plan and run internal audit. They will be able to apply the main principals promoted by international norms.

Ects : 3

Description du contenu de l'enseignement :
Project
Uncetainety management
The core of a project is uncertainty. Students woill be able to build a risk management system in project situation.

Ects : 3
Compétence à acquérir :
Focus on IFRS concerning consolidated financial statements
Analyse risks in the process of consolidated financial statements
Interpretation of International Standard Audit (600) on consolidated financial statements
Pré-requis obligatoires :
Financial accounting

Description du contenu de l'enseignement :
Chapter 1: Business combinations and financial consolidated statements

A) Business combinations : An historical perspective
B) Why business combinations?
C) Reasons for subsidiary companies
D) Types of business combinations
E) Definition of consolidated financial statements
F) Classes of users
G) Consolidated financial statements concepts’
H) Reglementation of consolidated financial statements

Chapter 2: The scope of consolidation

A) Control (IFRS 10)
B) Significant influence (IAS 28)
C) Joint control (IFRS 11)

Chapter 3: Methods of consolidation

A) Full consolidation
B) Equity method
C) Proportionate consolidation

Chapter 4: Elimination of intercompany trading, unrealized profits and reconciliation of inter company balances

A) Reconciliation for depreciation
B) Reconciliation for finance lease (IAS 17)
C) Elimination of inter company trading
D) Elimination of unrealized profits

Chapter 5: Goodwill in consolidated financial statements: IFRS 3

A) Economical approach
B) Accounting approach
C) Analyse of the goodwill
D) Treatments and reflex ion about the goodwill

Chapter 6 :
Audits of group financial statements

A) Group-wide Controls
B) Consolidation Process
C) Matters relating to the consolidation process
D) Matters relating to consolidation adjustments

Bibliographie, lectures recommandées
Beckman Judy K. “The Economic Unit Approach to Consolidated Financial Statements: Support From the Financial Economics Literature”,
Journal of Accounting Literature, 1995, volume 14, number 1, pp. 1-23.

Bensadon Didier and Praquin Nicolas (Editors)
IFRS in a global world : international and critical perspectives on accounting", Berling, Springer, 2016.

Bensadon D, « La frontière comptable du groupe : Evolution de concept de périmètre de consolidation des comptes en France 1965-1985 »,
Entreprises et Histoire, n°45, novembre 2005, pp 45-56

Casabona P-A & Ashwal A, “The concept of control in consolidated financial statements : convergence of US and international accounting rules”,
Review of business, spring 2005, volume 26, number 2, pp. 36-42.

Gray S-J. & Needles Belverd E,
Financial Accounting: A Global Approach, Houghton Mifflin Company, Boston, 2019.

IASB, International Accounting Standard, IFRS 10, Consolidated and separate financial statements
IASB, International Accounting Standards, n° 28, Investments in associates
IASB, International Accounting Standards, IFRS 11, Interest in joint ventures
IASB, International Accounting Standards, IFRS n°3, Business combinations.
Leo K., Hoggett J., Sweeting J., and Radford J.,
Company Accounting, 6 th edition, Wiley, 2018.

Mfandaidza R-H,
Consolidated financial statements : An international perspective, Juta Academic, 2020

Whittred G., “The Derived Demand for Consolidated Financial Reporting”,
Journal of Accounting and Economics, 1987, volume 9, number 3, pp. 259-285.

Enseignant responsable :

• DIDIER BENSADON

Ects : 3

Description du contenu de l'enseignement :
Governance
Corporate sociam responsibility
Studentswill learn the main concepts and dimentsions of Corporate social reposnability. They will be able to define and evaluate risks of the firms if they don't adress it. And they will be able to understand the risk to adress CSR too.

Enseignant responsable :

• KARIMA BROCHE DERRADJI

Ects : 12
Compétence à acquérir :
To be able to join a company

Description du contenu de l'enseignement :
Intership in a company

Enseignant responsable :

• PENELOPE VAN DEN BUSSCHE

Ects : 3
Compétence à acquérir :
To be able to argument

Description du contenu de l'enseignement :
Oral exam on all the topics of the program.

Enseignant responsable :

• PENELOPE VAN DEN BUSSCHE

Ects : 3
Compétence à acquérir :
To write a master thesis

Description du contenu de l'enseignement :
Master Thesis and defense
Desinging and writing a mster thesis in a research way : research question, litterature review, design, results, discussion.

Enseignant responsable :

• PENELOPE VAN DEN BUSSCHE