Quick Summary
The ICAI announced that the members of ICAI may use electronic signature for signing audit reports, all reports issued pursuant to any attestation engagement and certificates. However, the members need to ensure compliance with all the requirements relating to signature prescribed in the relevant law or regulation, Standards on Auditing and relevant announcements/ clarifications issued by ICAI on the matter including the requirement to mention UDIN. Announcement Auditing and Assurance Standar
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FAQ :
Yes, members of the ICAI can now use electronic signatures for signing audit reports, all reports issued pursuant to any attestation engagement, and certificates.
The use of electronic signatures is supported by the Information Technology Act, 2000, and the Indian Evidence Act, 1872.
Yes, members must ensure compliance with all requirements relating to signatures prescribed in relevant law or regulation, Standards on Auditing, and ICAI announcements. The electronic signature must also be considered reliable as per the IT Act 2000.
Yes, the requirement to mention UDIN is applicable for both manually and digitally signed reports and certificates, including those uploaded online.
This announcement comes into effect immediately.
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