The Institute of Chartered Accountants of India (ICAI) council has decided that a Unique Document Identification Number (UDIN) can be generated within 60 days of the signing of Audit Report.
“ICAI Council has decided that UDIN can be generated within 60 days (in place of 15 days). This is also in view of SQC and SA. Detailed Notification will be hosted soon,” CA Hari Ram Agarwal said.
It has been noticed that financial documents/ certificates attested by third persons misrepresenting themselves as CA Members are misleading the Authorities and Stakeholders. ICAI is also receiving a number of complaints of signatures of CAs being forged by non-CAs. To curb the malpractices, the Professional Development Committee of ICAI has implemented in a phased manner an innovative concept of UDIN i.e. Unique Document Identification Number.
