ICAI Compliance Update: Previous Auditor NOC Now Mandatory in UDIN
The Institute of Chartered Accountants of India (ICAI) has recently introduced a new mandatory disclosure on the DigiCA platform at the time of UDIN generation for audit reports.
Members are now required to furnish details of the previous year’s auditor and confirm whether the required No Objection Certificate (NOC) or prior communication has been obtained, as mandated under the Code of Ethics, wherever applicable.
Major Mandatory Requirements
The following are some key requirements that members must provide while generating a UDIN for audit reports:
- Previous Auditor Details: Capture the name or particulars of the auditor from the preceding financial year.
- NOC Confirmation: Declare whether a No Objection Certificate or necessary communication has been obtained from the previous auditor as mandated by the ICAI Code of Ethics.
- Audit Opinion Disclosure: Every UDIN for GST, tax audit, or audit & assurance functions must also specify the auditor’s opinion type.
Members are advised to ensure that proper communication with the previous auditor is completed and the correct particulars are captured on the DigiCA platform before generating UDIN, as any incorrect or incomplete disclosure may lead to compliance issues or disciplinary consequences.