The Institute of Chartered Accountants of India ( ICAI ) has mandated that the mentioning of Unique Document Identification Number ( UDIN ) is mandatory for audit reports from 1st July 2019.
The UDIN has been made mandatory as per the Council decision taken at its 379th meeting held on 17-18 December 2018 in the following phases, (i) All Certification done by the practising CAs w.e.f. 1st February 2019. (ii) All GST & Tax Audit Reports w.e.f. 1st April 2019 and (iii) All other attest functions w.e.f. 1st July 2019.
“With a view to bring uniformity in the manner of signing audit reports by the members of ICAI, it has been decided to require the members of ICAI to also mention the UDIN immediately after the ICAI’s membership number while signing audit reports. This requirement will be in addition to other requirements relating to the auditor’s signature prescribed in the relevant law or regulation and the Standards on Auditing. This requirement will come into effect from 1st July 2019,” the ICAI said in an announcement.
The detail FAQs on GST & Tax Audit released by the UDIN Monitoring Group of ICAI had earlier said that all Practicing CAs having full-time Certificate of Practice (CoP) can only register on the UDIN portal to generate UDIN and it is not required for certified true copies.
Unique Document Identification Number (UDIN) is 18-Digits system generated a unique number for every document certified/attested by Practicing Chartered Accountants.
