Non-applicability of UDIN

Last updated on May 9th, 2021 at 01:26 pm

Non-applicability of UDIN

ICAI has recently mandated the use of UDIN ( Unique Document Identification Number ) from February 1, 2019. All the practicing Chartered Accountants are required to generate UDIN for all Certificates issued. Especially, when the CAs are supposed to certify that the Financial Information/related contents is  True and Fair / True and Correct, the UDIN is mandatory. (Click here to know more about UDIN, why and how to register or generate UDIN).

Non-applicability of UDIN

However, the applicability of UDIN is omitted in a few cases in the first phase. The UDIN is was not applicable while issuing the following certificates before Jule 1, 2019:

• Auditor’s Opinions or reports issued under any Statute with respect to any entity or any person. For example
  • Tax Audit report, (UDIN mandatory from April 1, 2019)
  • Transfer Price Audit report, (UDIN mandatory from July 1, 2019)
  • VAT Audit report, (UDIN mandatory from July 1, 2019)
  • GST Audit report, (UDIN mandatory from April 1, 2019)
  • Company Audit report, (UDIN mandatory from July 1, 2019)
  • Trust Audit report, (UDIN mandatory from July 1, 2019)
  • Society Audit report, etc., (UDIN mandatory from July 1, 2019)
• Valuation Reports, (UDIN mandatory from July 1, 2019)
• Quarterly Review Reports, (UDIN mandatory from July 1, 2019)
• Limited Review Report (UDIN mandatory from July 1, 2019)
• Information System Audit, (UDIN mandatory from July 1, 2019)
• Forensic Audit, (UDIN mandatory from July 1, 2019)
• Revenue / Credit / Stock Audit, (UDIN mandatory from July 1, 2019)
• Borrower Monitoring Assignments, (UDIN mandatory from July 1, 2019)
• Concurrent / Internal Audit and the like, (UDIN mandatory from July 1, 2019)
• Any report of what so ever nature issued including Transfer Price Study Report, Viability Study Report, Diligence Report, Due Diligence Report, Management Report, etc. (UDIN mandatory from July 1, 2019)

Update: From July 1, 2019, UDIN is being made mandatory for all Audit and Assurance Functions like Documents and Reports certified/issued by full time Practising Chartered Accountants from 1st July 2019 

Time limit for generating UDIN

It is to be generated at the time of signing the certificate. Or it can be generated within 15 days from the date mentioned on the certificate which is signed by a Chartered Accountant.

Who is eligible to register and generate UDIN?

Only practicing Chartered Accountants having Certificate of Practice can register on UDIN portal and generate UDIN.

A Chartered Accountancy Firm cannot register itself on UDIN portal. So, in case if an assignment is done by the firm, concerned partners signing the certificate shall generate the UDIN and mention the same below his signature.

UDIN for true copies or duplicate copies?

For duplicate copies, the same UDIN needs to be used which was generated while issuing an original certificate.

For true copies, UDIN is not required to be generated.

(Source: udin.icai.org)

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CA Janhavi Phadnis

Chartered Accountant and Fintech Professional. She has worked with corporates for 14 years with expertise in Forex-Treasury, Accounting, and Corporate Tax.
She can be contacted at info.financepost@gmail.com

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