About the Author

Born on 10th February 1969, commerce graduate from St. John’s College Agra, Ishwar Chandra is a Fellow Member of the Institute of Chartered Accountants of India (ICAI). He is a Chartered Accountant practicing since 1993 and is Partner in M/s. IC & Associates, Agra. He holds DISA from ICAI and CISA from Information Systems Audit & Control Association (ISACA) USA. He holds Certificates in IFRS, in Forensic Accounting and Fraud Detection (FAFD) and in Concurrent Audit of Banks from ICAI. Mainly practicing auditing, his major work experience includes Concurrent Audit, IS Audit, Stock Audit, Income & Expenditure Audit and External Audit of various Commercial, Regional Rural and Co-operative Banks and Internal & External Audit and other assignments of PSUs.

His approach and procedures articles on auditing of banks have been immensely published in ‘The Chartered Accountant’ Journal of ICAI. He is author of Five C’s of IT Policy published in ‘Internal Auditor’ of the Institute of Internal Auditors (USA). He has been one of the Subject Matter Expert (SME) Reviewers of ISACA’s CISA Review Manuals (26th and 27th Editions) and is a contributor on IS auditing to ISACA. He has participated in International Federation of Accountants (IFAC) consultation paper ‘Improving Auditor Reporting’. I-5

In his 30 years of professional career, he has delivered several lectures on auditing of banks at ICAI seminars organized by CIRC, SIRC and NIRC branches/study circle. He has been associated with various Boards/Committees of ICAI. He has been a member of a Financial Reporting Review Group constituted by Financial Reporting Review Board (FRRB) of ICAI and has acted as lead reviewer. He is associated with FRRB as Technical Reviewer (TR) and with Peer Review Board of ICAI as Peer Reviewer. He is associated with Committee on Capital Markets and Investors’ Protection (CCMIP) of ICAI as Resource Person. His academic associations also include the Institute of Company Secretaries of India (ICSI) and the Institute of Cost Accountants of India. He is a founder trustee of Shri Rajendra Prasad Munni Devi Agrawal Memorial Trust, a registered public charitable trust.

His Books on Auditing of Banks

Articles Published

(1) ‘Internal Auditor’ C’s of IT Policy’ (Dec. 2008)

(2) ‘The Chartered Accountant’ Journal of ICAI What Every Statutory Branch Auditor of a Bank Should Do’, ‘Essentials of Report Writing’, ‘Statutory Bank Branch Audit : Strengthening Audit Plan’,

‘Conducting Statutory Branch Audit in CBS environment: An Approach’,

‘Improving Risk Management and Compliance’, ‘Planning the Statutory Branch Audit’ : An Approach’, ‘Auditing in Core-Banking Environment: Some Special Considerations’, , KYC & Anti Money Laundering Measures’,