Institute of Chartered Accountant of India (ICAI) has observed that financial documents/ certificates attested by third person misrepresenting themselves as CA Members are misleading the Authorities and stakeholder. “ICAI is also receiving number of complaints of forged signatures” said the release issued by ICAI. To curb the malpractices, the Professional Development Committee of ICAI has implemented an innovative concept of UDIN i.e. Unique Document Identification Number to secure the certificates/documents attested/certified by practicing Chartered Accountants which will be made mandatory with effect from 1st January 2019.
Every Practising CA will need to register at https://udin.icai.org/ and generate UDIN by registering the certificates/ documents attested/ certified by them.
To generate UDIN, Members are required to provide only 3-5 key fields of the certificate/ document which is being attested and there is no need to upload it.
“Through UDIN and the key fields as mentioned by CAs, the Regulators/ Banks/ third parties will be able to check the authenticity of the documents/reports/certificate. Further, this portal would help in tracing forged/wrong documents prepared by any third person misrepresenting himself as a Chartered Accountant, as any person other than Chartered Accountant will not be able to upload the documents.” explained the release issued by ICAI.
The dedicated website for UDIN is also released by ICAI and members can visit https://udin.icai.org/ to understand how UDIN will work or for Frequently Asked Questions. Also the dedicated number viz. 011–30110411/444 and email address viz. udin@icai.in is made available for members to address the queries, if any faced by the Member.
Source: www.icai.org
The author is the Founder and Partner at JMJA & Associates LLP. With over 10 years of work experience in various listed companies and conglomerates, CS Jigar Shah has a rich and varied experience in his portfolio.
Disclaimer: "This material and the information contained herein are prepared by JMJA & Associates LLP, Practising Company Secretaries (JMJA) is intended to provide general information on a particular subject or subjects and is not an exhaustive treatment of such subject(s). None of JMJA, its associate firms, or its members/employees is, by means of this material, rendering professional advice or services. The information is not intended to be relied upon as the sole basis for any decision which may affect you or your business. Before making any decision or taking any action that might affect your personal finances or business, you should consult a qualified professional adviser. JMJA shall not be responsible for any loss whatsoever sustained by any person who relies on this material."
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