The Institute of Chartered Accountants of India ICAI members must know that Unique Document Identification Number (UDIN) has been made mandatory by the Council after the unanimous decision that was made during the 379th meeting held on 17-18 December 2018, as per the following phases:
- All Certification done by Practising CAs w.e.f. 1st February 2019.
- All GST & Tax Audit Reports w.e.f. 1st April 2019.
- All other attest functions w.e.f. 1st July 2019.
An announcement, in this regard, has also been hosted on ICAI’s website dated 14th March 2019, and can also be retrieved from the given link. https://www.icai.org/new_post.html?post_id=15505
The Council has decided that all the members must mention the UDIN number immediately after the ICAI’s membership number while signing various audit reports. This will help the Council to bring uniformity in the manner according to which the members of ICAI sign audit reports.
The requirement to sign audit reports along with the UDIN number is added to the other requirements pertaining to auditor’s signature mentioned under the relevant law or regulation, and the Standards on Auditing.
The requirement of mentioning UDIN number will come into effect from 1st July 2019.