UDIN Can be generated within 30 days of signing of Audit Report: ICAI

UDIN Can be generated within 30 days of signing of Audit Report: ICAI UDIN by CAs can be generated within 30 days of signing of Audit Report as against 15 days as decided by Council. Extension of time limit of UDIN generation from 15 days to 30 days - One Time Relaxation In response to the various representations received from Members at large for inability in generating UDIN due to floods in many parts of the Country and related internet issues, the Council at its 386th Meeting held on 18th and 19th September, 2019 has decided to permit generation of UDIN within 30 days in place of 15 days. Members may kindly note that this is a one-time relaxation available on the Certificate / Report / Document signed between 20th August, 2019 to 31st December, 2019. Further, UDIN so generated has to be communicated to Management or Those Charged with Governance for disseminating it to the stakeholders from their end. CA. Ranjeet Kumar Agarwal Convenor UDIN Monitoring Group

CA. Jay Chhaira Deputy Convenor UDIN Monitoring Group

As per ICAI Notification 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. As per existing requirements, UDIN is to be generated at the time of signing the Certificate/Audit reports. However, as per recent ICAI FAQ's where it has mentioned that UDIN can be generated within 15 days of the signing of the same (i.e within 15 days from the date mentioned at Certificates and not beyond that). Now UDIN can be now generated within 30 days from signing certificates / Reports issued till 31st December 2019.