Executive Summary:
This notification from the Institute of Chartered Accountants of India (ICAI) mandates the generation of a Unique Document Identification Number (UDIN) for various documents to curb malpractice. This applies to certifications, GST and tax audit reports, and other attestation functions. The mandate was implemented in phases, with deadlines in February, April, and July 2019.
Key Points / Main Content:
* **Purpose:** To curb false certification and attestation by unauthorized persons.
* **UDIN Requirement:** Members of the ICAI in practice must generate a UDIN for the following:
* All certifications.
* GST and Tax Audit Reports.
* Other Audit, Assurance, and Attestation functions.
* **Effective Dates:**
* Certificates: February 1, 2019.
* GST and Tax Audit Reports: April 1, 2019.
* Other Audit, Assurance, and Attestation functions: July 1, 2019.
Impact Analysis:
* **ICAI Members:**
* Impact: Required to generate UDINs for all applicable documents.
* Action Required: Implement UDIN generation for certifications, GST/tax audit reports, and other relevant functions from the specified dates.
* **Regulators, Banks, Stakeholders:**
* Impact: Benefit from reduced instances of misleading or bogus certifications.
* Action Required: Verify UDINs on relevant documents to ensure authenticity.
* **Public:**
* Impact: Increased confidence in certified documents and reports.
* Action Required: Be aware of the UDIN system and its purpose.
Key Entities Referenced
Institute of Chartered Accountants of India: Professional accounting body that issued the notification.
New Delhi: The city where the notification was issued.
Chartered Accountants Act, 1949: The Act of Parliament that established the Institute of Chartered Accountants of India.
Unique Document Identification Number (UDIN): A system to generate unique identification numbers for certificates and reports issued by members of the ICAI.
GST: Goods and Services Tax
Tax Audit Reports: Reports related to tax audits conducted by chartered accountants.
Rakesh Sehgal: Acting Secretary who signed the notification.
Mayapuri, New Delhi: Location of the Government of India Press.
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3969 GI/2019 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC. 4]
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राकेश सहगल, काय?कारी सिचव
[िव(cid:3)ापन-III/4// असा..../170/19]
THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA
(set up by an Act of Parliament)
NOTIFICATION
New Delhi, the 2nd August, 2019
No.1-CA(7)/192/2019.—Whereas, to curb the malpractice of false certification/attestation by the unauthorized
persons & to eradicate the practice of bogus certificates and to save various regulators, banks, stakeholders etc. from
being misled, the Council of the Institute decided to implement an innovative concept to generate Unique Document
Identification Number (UDIN) mandatorily for all kinds of the certificates/GST and tax audit reports and other attest
function in phased manner, for which members of the ICAI were notified through the various announcements published
on the website of ICAI www.icai.org at the relevant times.
Now, in exercise of the powers conferred on it under Item No.(1) of Part- II of the Second Schedule to the Chartered
Accountants Act, 1949, the Council of the Institute of Chartered Accountants of India hereby issue the following
guidelines for information of public and necessary compliance by members of the Institute -
(i) A member of the Institute in practice shall generate Unique Document Identification Number (UDIN) for all
kinds of the certification, GST and Tax Audit Reports and other Audit, Assurance and Attestation functions
undertaken/signed by him which made mandatory from the following dates through announcements published
on the website of the ICAI www.icai.org at the relevant time: -
• For all Certificates w.e.f. 1st February, 2019.
• For all GST and Tax Audit Reports w.e.f. 1st April, 2019.
• For all other Audit, Assurance and Attestation functions w.e.f. 1st July, 2019.
(ii) The above Guidelines shall come into force from the above dates for the various services respectively.
RAKESH SEHGAL, Acting Secy.
[ADVT.III/4//Exty./170/19]
Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.