UDIN Portal Introduces KAM and EOM Fields in SRS 4410 Reporting
The UDIN portal has introduced new fields KAM, EOM, and Other Matters for SRS 4410 reports, prompting calls for ICAI clarification on classification for non-corporate provisional statements.
Chartered Accountants are witnessing a key update on the UDIN (Unique Document Identification Number) portal that affects how UDINs are generated for reports issued under SRS 4410 applicable to Provisional Financial Statements. In a post on X (formerly Twitter), CA Himank Singla highlighted the rollout, stating: "While generating UDIN for SRS 4410 (Provisional Financial...
Chartered Accountants are witnessing a key update on the UDIN (Unique Document Identification Number) portal that affects how UDINs are generated for reports issued under SRS 4410 applicable to Provisional Financial Statements.
In a post on X (formerly Twitter), CA Himank Singla highlighted the rollout, stating:
"While generating UDIN for SRS 4410 (Provisional Financial Statements), please note: New fields like KAM, EOM, and Other Matters are now appearing."
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The updated portal now prompts Chartered Accountants to specify details under:
- KAM (Key Audit Matters)
- EOM (Emphasis of Matter)
- Other Matters
These fields are typically associated with audit reports under Standards on Auditing but are now appearing in the UDIN interface for reports governed by the Standard on Related Services (SRS) 4410, which is used for compilation engagements.
Professionals are advised to carefully review and populate these sections as applicable before submitting their UDIN requests, though questions remain regarding the practical interpretation of these additions for compilation engagements where audit-level disclosures are generally not required.
CA Singla also flagged a point of confusion regarding entity classification:
"I am still unclear what to select for Non-Corporate Provisional Statements: Listed Company or Unlisted Company. Maybe @theicai will come up with some clarification."
This uncertainty suggests a need for formal guidance from the Institute of Chartered Accountants of India (ICAI), especially on classification and scope relevance for non-corporate entities preparing provisional statements.
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The change is now live and affects all new UDIN generations for SRS 4410-related work. Practitioners are encouraged to stay updated through ICAIannouncements and consider reaching out to regional councils or the UDIN helpline for clarity in ambiguous cases.
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