UDINs generated by ICAI Members cross the mark of 3 CRORES

UDINs generated by ICAI Members cross the mark of 3 CRORES The Institute of Chartered Accountant of India (ICAI) is proud to inform that the Unique Documentation Identification Number (UDINs) generated by ICAI Members cross the mark of 3 Crores.

What is UDIN?

It has been noticed by the Institute of Chartered Accountants of India that 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.