ICAI has mandated that the mentioning of Unique Document Identification Number (UDIN) is mandatory for audit reports from 1st July 2019.
Unique Document Identification Number (UDIN) has been made mandatory as per the Council decision taken at its 379th Meeting held on 17th – 18th December, 2018 in the following phases:
- All Certification done by Practising CAs w.e.f. 1st Feb., 2019.
- All GST & Tax Audit Reports w.e.f. 1st April, 2019.
- All other attest functions w.e.f. 1st July, 2019.
Practising CAs have to register at UDIN portal (https://udin.icai.org/) to obtain UDIN. To authenticate the documents by various Regulators/Banks/Authorities/Other Stakeholders, practicing CAs have to provide some financial figures and details which are found in the certificate issued.
HOW TO GENERATE UDIN:
The generation of UDIN involves the following steps:
Step 1: Official Website
As obvious as it may seem, the process of UDIN generation must be pursued in the same website as that of its registration, https://udin.icai.org/
Step 2: Login Using Credentials
The user may log in to the portal using the credentials received on the e-mail address registered with ICAI.
Step 3: Generate UDIN
Click on the option “Generate UDIN.”
Step 4: Specification of Details
The following page mandates the specification of details such as Membership Registration Number, Name, E-mail ID, Firm Registration Number, Name of the Firm, Client Reference Code/Number, Document Description, Date of Document, Keywords and Values. Upon entering them, click on the “Send OTP” tab.
Note: Keyword, in this context, refers to any keyword and its corresponding value/amount as mentioned in the particular document. A minimum of three keywords and their corresponding values must be provided for a document. The values can be as high as five.
Step 5: Specification of OTP
An OTP will be addressed to the e-mail address and mobile number of ICAI. With the specification of the OTP in the specific column, a preview of the details entered for this purpose will be depicted on the screen. The same can be modified by clicking on the “Back” and “Submit” button. It may be noted that this is the final opportunity to make any corrections, as no further modifications are allowed. it cannot be modified any further.
Further, it is clarified that for generating UDIN, no certificates are required to be uploaded on the portal. For Process, FAQs and helpdesk you may visit https://udin.icai.org/.
Non-Compliance of UDIN directive will attract Disciplinary Proceedings as per Clause 1 of Part II of Second Schedule of Chartered Accountant Act, 1949.
