UDIN will be mandatory for all Audit/Assurance/Attest function w.e.f 1st July'19: ICAI

UDIN will be mandatory for all Audit/Assurance/Attest function w.e.f 1st July'19: ICAI Unique Document Identification Number (UDIN) being made mandatory from 1st July, 2019 for all Audit/Assurance/Attest function It has been noticed by theInstitute of Chartered Accountants of Indiathat Financial Documents / Reports / Certificates are being signed by Non-CAs misrepresenting themselves as CA Members thereby misleading the Regulators, Authorities and Stakeholders.

To curb this menace and malpractices, ICAI has conceptualised and implemented an innovative concept called Unique Document Identification Number (UDIN). ICAI at its 379th Council Meeting held on 17th 18th December, 2018 made generation of UDIN mandatory for every signature of Full time Practising Chartered Accountants in phased manner for the following services:

• All Certificates with effect from 1st February, 2019
• GST and Income Tax Audit with effect from 1st April, 2019
• All Audit and Assurance Functions with effect from 1st July, 2019

Therefore, UDIN is being made mandatory for all Audit and Assurance Functions like Documents and Reports certified / issued by full time Practising Chartered Accountants from 1st July, 2019. Members are being advised to plan the Audits and Assurance functions accordingly as UDIN has to be generated on the date of signature dates of Certificates / Report / Audit Reports although a 15 days window is there for exceptional circumstances. Further, non-compliance of UDIN directive may attract Disciplinary Proceedings as perClause 1 of Part II of Second Scheduleof The Chartered Accountants Act, 1949. For any information/ clarification, members may visit www.udin.icai.org or email at[email protected]and follow Twitter@UDINICAI1 . CA. Ranjeet Kumar Agarwal Convenor UDIN Monitoring Group

Jay Chhaira Deputy Convenor UDIN Monitoring Group