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The Council of Institute of Chartered Accountants of India in its 405th meeting held on 17th September 2021 has decided that the time limit of generating UDIN would be 60 days from the date of the signing of certificates/reports/document instead of 15 days henceforth. Read the official announcement below: UDIN Directorate The Institute of Chartered Accountants of India 17th September, 2021 ALIGNING THE TIME LIMIT OF GENERATING UDIN FROM 15 DAYS TO 60 DAYS Standard on Quality Control (
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FAQ :
The time limit for generating a UDIN has been extended from 15 days to 60 days from the date of signing certificates, reports, or documents.
The Council of the Institute of Chartered Accountants of India made this decision in its 405th meeting held on 17th September 2021.
The extension aligns the UDIN generation timeline with the Standard on Quality Control (SQC 1) and Standard on Auditing (SA)-230, which allow up to 60 days for the assembly of audit files.
Yes, if a regulator or other stakeholders require UDIN immediately upon signing or within a specified period, members must adhere to those immediate or specified timelines.
The generated UDIN must be communicated to 'Management' or 'Those Charged with Governance' for dissemination to stakeholders.
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