Chartered accountant allowed to use electronic signature for signing audit / other reports
ICAI has advised its member chartered accountant that e members of ICAI may use electronic signature for signing audit reports, all reports issued pursuant to any attestation engagement and certificates.
The advise came as the relevant provisions of the Information Technology Act 2000 and the Indian Evidence Act, 1872 allow use of electronic signature for authentication of various documents. The IT Act 2000 also prescribes certain conditions to be fulfilled for an electronic signature to be considered as reliable.
However, the Institute has advised the members to ensure compliance with all the requirements relating to signature prescribed in the relevant law or regulation, Standards on Auditing and relevant announcements/ clarifications issued by ICAI on the matter including the requirement to mention UDIN.
It is to be noted that the requirement to mention UDIN is applicable both for manually and digitally signed reports/certificates including certificates uploaded online.
The above said advisory of the ICAI has come into force from immediate effect.
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