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Initiatives

  • Jul, 01
    2019
  • Unique Document Identification Number (UDIN) being made mandatory from 1st July, 2019 for all Audit/Assurance/Attest function (01 Jul 2019)

    It has been noticed by the Institute of Chartered Accountants of India that Financial Documents / Reports / Certificates are being signed by Non-CAs misrepresenting themselves as CA Members thereby misleading the Regulators, Authorities and Stakeholders.

    To curb this menace and malpractices, ICAI has conceptualised and implemented an innovative concept called Unique Document Identification Number (UDIN). ICAI at its 379th Council Meeting held on 17th – 18th December, 2018 made generation of UDIN mandatory for every signature of Full time Practising Chartered Accountants in phased manner for the following services:


            1.    All Certificates with effect from 1st February, 2019
            2.    GST and Income Tax Audit with effect from 1st April, 2019
            3.    All Audit and Assurance Functions with effect from 1st July, 2019


    Therefore, 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

    Members are being advised to plan the Audits and Assurance functions accordingly as UDIN has to be generated on the date of signature dates of Certificates / Report / Audit Reports although a 15 days window is there for exceptional circumstances.

    Further, non-compliance of UDIN directive may attract Disciplinary Proceedings as per Clause 1 of Part II of Second Schedule of The Chartered Accountants Act, 1949.

    For any information/ clarification, members may visit www.udin.icai.org or email at udin@icai.in and follow Twitter @UDINICAI1


    CA. Ranjeet Kumar Agarwal                                 CA. Jay Chhaira  
    Convenor                                                               Deputy Convenor

     UDIN Monitoring Group                                       UDIN Monitoring Group

  • May, 27
    2019
  • E-book on “Quick Insights on Professional Opportunities For Chartered Accountants” (26 Apr 2019)

    We are pleased to inform that with an aim to provide heightened focus of Chartered Accountants who are in Practice on various emerging Professional Opportunities such as RERA, Ind AS, Companies Act, 2013, Artificial Intelligence, Blockchain, Cyber Security and Data Analytics (ABCD of Technology), GST, Registered Valuers, Forensic Audit, International Taxation, Insolvency Practice, PSU & Bank Audit etc. Professional Development Committee of the Institute of Chartered Accountants of India (ICAI) has brought out the publication ‘Quick Insights on Professional Opportunities for Chartered Accountants”.

     

    The above publication is an e-book available at http://icaitv.com/sites/default/files/FLIP/QuickInsightsBook/main/mobile/index.html and contains information about empanelment opportunities and other professional opportunities available at trending areas alongwith important contact web-links.


    Professional Development Committee

  • Apr, 12
    2019
  • FAQs on UDIN for GST & Tax Audit (12 Apr 2019)


    Institute of Chartered Accountants of India's 379th Council Meeting held on 17th and 18th December, 2018 made UDIN mandatory for all Tax Audit Reports issued under IT Act, 1961 and GST Audit Reports issued under CGST Act, 2017 with effect from 1st April, 2019.
     
    For the benefits of Members, UDIN Monitoring Group of ICAI has released detail FAQs on GST & Tax Audit which are available at https://udin.icai.org/faqs
     
     
    UDIN Monitoring Group of ICAI



  • Jan, 24
    2019
  • UDIN mandatory wef 1st Feb., 2019 for all Certificates (24 Jan 2019)

    It has been noticed that financial documents/ certificates attested by third person misrepresenting themselves as CA Members are misleading the Authorities and Stakeholders. ICAI is also receiving number of complaints of signatures of CAs being forged by non CAs. To curb the malpractices, the Professional Development Committee of ICAI has implemented in phased manner an innovative concept of UDIN i.e. Unique Document Identification Number. All Certificates are being made mandatory with effect from 1st February, 2019 asper the Council decision taken at its 379th Meeting held on 17th – 18th December, 2018. Full timePracticing CAs can register themselvesby and generate UDIN by registering the certificates attested/certified by them. For any other further assistance/clarification, you may reach us at 011–30110411/444 or email at udin@icai.in .  In case of emergency, you may also call Mr. Vishal Agarwal at 9911539260. MEMBERS ARE ADVISED TO REGISTER THE DOCUMENTS CERTIFIED BY THEM & GET THESE SECURED.  ProfessionalDevelopment Committee

  • Jan, 21
    2019
  • Suggestions from Members of ICAI for Publication on Professional Opportunities (17 Jan 2019)

    PDC invites the valuable suggestions from the Members of ICAI relating to Empanelment Opportunities available in India (District and State wise) and Abroad for Practising Chartered Accountants with complete details of opportunities,schemes,eligibility criteria,source  with weblink for its revised edition of Publication on Professional Opportunities.
     
    Members can share their suggestions by filing google form available at the link https://goo.gl/forms/y2fVBfA4o8PxKCN42  by 21st January,2019
     
     
    With Warm Regards,
     
    Chairman  & Vice-Chairman   
    Professional Development Committee 

  • Nov, 22
    2018
  • Hosting of Draft Bank Branch Auditors’ Panel for the year 2018-19 (17 Nov 2018)

            The Draft Bank Branch Auditors’ Panel of Chartered Accountants/firms for the year 2018-19 has been hosted at www.meficai.org 
    for indicating the category of the applicants of Multipurpose Empanelment Form for the year 2018-19.

            The applicants would be able to view the reasons, (wherever applicable) in the Draft Panel itself.  In case, if any applicant has any observation with the details given, a complaint can be logged at MEF PDC Query/ Complaint Center at www.meficai.org

            This is to further inform that the Draft Panel is available upto 22nd November, 2018.  Members can lodge their complaint, if any, on or before the 22nd November, 2018, thereafter, after finalisation, the panel will be sent to RBI.

            For any other query/issue, please contact PDC Secretariat on 011-30110444 and 011-30110480 or write at mefpdc@icai.in.



    With kind regards,
    Professional Development Committee

  • Sep, 10
    2018
  • EXTENSION OF LAST DATE OF FILLING MEF 2018-19 (02 Aug 2018)

    Considering the requests from various Members of ICAI, it has been decided by Professional Development Committee to extend the last date for submission of online Multipurpose Empanelment Form for the year 2018-19 including Declaration and Financial Documents till 12.00 am of 10th September, 2018
     
    Chairman, Professional Development Committee

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