UDIN Mandatory for All Audit Reports from July 1st 2019: ICAI

UDIN Mandatory for All Audit Reports from July 1st 2019: ICAI: Full time practicing Chartered Accountants have to mandatory generate UDIN for the documents certified/ issued by them. UDIN was made mandatory for all certificates from 1st Feb., 2019 onwards and for all GST & Tax Audit Reports from 1st April, 2019. UDIN will be mandatory for all other Attest / Assurance/Audit functions including Company Audit Reports from 1st July, 2019. Refer Below mail Communication sent by ICAI: Dear Professional Colleagues, UDIN already implemented As you are already aware that the full time practicing Chartered Accountants have to mandatory generate UDIN for the documents certified/ issued by them. As per the mandate schedule of ICAI, UDIN was made mandatory for all certificates from 1st Feb., 2019 onwards and for all GST & Tax Audit Reports from 1st April, 2019. From 1st July 2019 onwards The attention of Members is invited to the fact that with effect from 1st July, 2019, UDIN will be mandatory for all other Attest / Assurance/Audit functions including Company Audit Reports. With this communication, we wish to remind the members that they should chalk out the audit plans well in advance by sensitizing their clients so as to meet the last dates for filing of Annual Accounts and Annual Returns as UDIN will not be generated after the signature dates of Certificates/Report/Certificates/Audit Reports. We wish to further inform you that ICAI in near future may not allow the grace period of 15 days for generation of UDIN after signing the Certificates/Document/Audit Reports etc. which is in force right now. For the clarification of doubts in the minds of some Members we would like to submit that UDIN is applicable in all signature whether signed digitally or otherwise (For example All MCA Forms, 15CB Form etc.) Non-Compliance of UDIN directive will attract Disciplinary Proceedings as per Clause 1 of Part II of Second Schedule of Chartered Accountant Act,1949. We are pleased to share that the number of UDINs generated has already crossed One Million The members may visit the UDIN Portal https://udin.icai.org/ for the Process, FAQs and helpdesk. In case of any further information/ clarification, please email at [email protected] With warm regards, Convenor, UDIN Monitoring Group Source: Mail