The Institute of Chartered Accountants of India (ICAI) has made it mandatory to mention the Unique Document Identification Number (UDIN) for audit reports from 1 July, Tax Scan reports.
UDIN is an 18-digit unique number generated for documents that are certified and attested by practising Chartered Accountants (CA) in the country.
The decision was made according to the council decision at the 379th meeting held on 17 and 18 December 2018. The mandate would be in three phases- all certification done by practising Chartered Accounts (CA), w.e.f. 1 February 2019; all GST and tax audit reports w.e.f. from 1 April 2019; and all other attest functions w.e.f. 1 July 2019.
“With a view to bring uniformity in the manner of signing audit reports by the members of ICAI, it has been decided to require the members of ICAI to also mention the UDIN immediately after the ICAI’s membership number while signing audit reports,” the ICAI said in a statement.
“This requirement will be in addition to other requirements relating to the auditor’s signature prescribed in the relevant law or regulation and the Standards on Auditing. This requirement will come into effect from 1st July 2019,” the institute adds.