CASE 4: Synergy between ISA and manual auditing practises at Jain Chowdhary & Company, India

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CASE 4: Synergy between ISA and manual auditing practises at Jain Chowdhary & Company, India by Mind Map: CASE 4: Synergy between ISA and manual auditing practises at Jain Chowdhary & Company, India

1. Company Background

1.1. Established in 1976 by Subhash Chand Jain

1.2. Among the top 100 CA companies in India

1.3. Head office in Mumbai and had 7 branch offices in India and one in Taiwan

1.4. Offered varied accounting and financial services

1.5. Held recognition with various financial regulatory bodies and esteemed panels of India

1.6. Has 12 partners with unique areas of specialisation

2. Case involvement

2.1. Non-Banking Financial Companies (NBFC)

2.2. Cooperative Banks

2.3. Harshad Mehta Share Scam

2.4. PSB

3. ISA

3.1. Company certified to implement Information System Audit (ISA).

3.2. Become an integral part of auditing procedures

3.3. Tools to conduct investigation

4. Concerns

4.1. The needs of human intellegence

4.2. Brainstorm with core auditing team to identify ways to prevent a financial irregularity

4.3. Brainstorm on issues around ISA implementation

4.4. To offer a strategy to the partners of Jain Chowdhary & Company