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

CLARIFICATIONS OF PRE-BID MEETING HELD WITH CA FIRMS AT CORPORATE OFFICE ON 29TH APRIL, 2019 AT 11:00 A.M

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.

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

Considering the difficulties faced by Chartered Accountant firms/LLPs in submitting the online empanelment for audit of PSUs for the year 2019-20, the office of C&AG at the request of ICAI has extended the last date for submission of the said application from 15^th February, 2019 to 22^nd February, 2019 as a onetime relief. Further, the last date for receipt of hard copy of documents at O/o C&AG remain same i.e. 28^th February, 2019. Interested members may avail the online application at the following URL: http://care.cag.gov.in/Authorised/Default.aspx
For any query/issue, please contact O/o C&AG at sao2ca5@cag.gov.in, 011-23509223, 011-23509269, 011-23509240 and PDC Secretariat, ICAI at pdc@icai.in or at 011-30110444.

Professional Development Committee is organising a Live Webcast on UDIN - An Easy Way to Secure Certificates" on 11th February, 2019 from 2.00 pm to 4.00 pm at ICAI Bhawan, New Delhi

Professional Development Committee isorganising a “Gyan Kumbh“National Conference 2019 hosted by Varanasi Branch of CIRC of ICAI on 03rd  &04th  February, 2019(Sunday & Monday) at Shatabdi Bhawan Instituteof Agricultural Science (Auditorium),Varanasi

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

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 

Live Webcast on “UDIN- A Way toSecure Certificates”

We are pleased to informyou that the Professional Development Committee of  ICAI is organizing  a Live Webcast on “UDIN- A Way to Secure Certificates” on 27^th December, 2018 in the premises of ICAI Bhawan, I.P. Marg, New Delhi  from4:00 PM to 6:00 PM. wherein Live Demo on the concept of UDIN would begiven by Team TCS.

The details of theprogramme are as follows:

For any clarification/assistance about the Live Webcast, kindlycontact PDC Secretariat of ICAI on 011-30110444 or 30110440 at pdc@icai.in

The Final Bank Branch Auditors’ Panel of Chartered Accountants/firms forthe year 2018-19 has been hosted at www.meficai.org and will be availabletill 14th December, 2018. Thereafter the panel will be submitted to RBI. 


Professional Development Committee

        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

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 10^th September, 2018. 
 
Chairman, Professional Development Committee

We are receiving queries from Members regarding the changes in norms of Appointment of Statutory Bank Branch Auditors for the year 2017-2018. We wish to clarify that the said norms continue to be same and there are no changes.

Bank Branch Auditors' Panel for the year 2017-18 has been sent to all Public Sector Banks by RBI. Banks have started allotment process. Members are advised to please check the registered email id and SMS regularly to respond to the Banks within the stipulated time.

As you are aware, as per the norms for Selection of Statutory Branch Auditors issued by RBI, banks will have to make the appointment of branch auditors for the continuous period of four years subject to the firms satisfying the eligibility norms each year. In case the audit firm is the continuous auditor of the bank and four year audit cycle has not been completed, but not reappointed, please write to the Professional Development Committee at pdc@icai.in to enable us to take the matter further with RBI

A letter dated 12th March, 2018 was submitted to RBI wherein it is requested to RBI to revise the audit fees being paid to auditors of Public Sector Banks to ensure improvement in the overall functioning and also, to provide a level of satisfaction to the professional accountants.

Letter dated 28th March, 2018 was submitted to National Highways Authority of India wherein a request was made to NHAI to kindly modify the notice issued for Empanelment for their Internal Audit and issue the revised one with liberal eligibility criteria for chartered accountants or a parity be made in the eligibility criteria for all professionals.