UDIN by CAs can be generated within 30 days of signing of Audit Report as against 15 days – Read ICAI Announcement
Now UDIN can be generated with 30 days. Recently ICAI had issued UDIN notification prescribing timeline for all certificates, GST/Tax Audit Reports & Attestation functions.
As per the said Notification, w.e.f. 1st July, 2019 UDIN is compulsory for all Corporate/ Non- Corporate Audit, Attest and Assurance Functions.
As per existing requirements, UDIN is to be generated at the time of signing the Certificate/Audit reports. However, the same can be generated within 15 days of the signing of the same (i.e within 15 days from the date mentioned at Certificates and not beyond that).
However, now the ICAI has given one time relaxation to permit generation of UDIN within 30 days in place of 15 days for the Certificate / Report / Document signed between 20th August, 2019 to 31st December, 2019.
In response to the various representations received from Members at large for inability in generating UDIN due to floods in many parts of the Country and related internet issues, the Council at its 386th Meeting held on 18th and 19th September, 2019 has decided to permit generation of UDIN within 30 days in place of 15 days.
Members may kindly note that this is a one-time relaxation available on the Certificate / Report / Document signed between 20th August, 2019 to 31st December, 2019.
Further, UDIN so generated has to be communicated to “Management” or “Those Charged with Governance” for disseminating it to the stakeholders from their end.
| CA. Ranjeet Kumar Agarwal Convenor UDIN Monitoring Group |
CA. Jay Chhaira Deputy Convenor UDIN Monitoring Group |
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