Unique Document Identification Number (UDIN) is 18 digit unique number generated by UDIN Application for every certifications and audits by a Practicing Chartered Accountant/Registered Auditor Member of ICAN. It is may be reflected in the related certification/audited financial statement for which UDIN is generated. UDIN application assigns unique identification number to every legitimate document issued by Practicing Chartered Accountants/Registered Auditors Members of ICAN after certification and every audit report accompanying audited financial statement by a Practicing Chartered Accountant Member/Registered Auditor Member of ICAN.
It’s objective is to provide assurance of authenticity of document certified by practicing ICAN members to investors, lenders, regulators and other stakeholders by simply entering UDIN in UDIN application. UDIN application provides the specific details related to certification / audited financial statement entered by practicing Chartered Accountant/ Registered Auditor member of ICAN which can be cross verified with document presented to various parties.
The objective of UDIN Application is also to identify and take legal actions against nonmembers misrepresenting themselves as members of ICAN and providing services authorized to be delivered by ICAN members only as mandated by Nepal Chartered Accountants Act, 1997.
The objective of UDIN is also to take legal action against ICAN members who certify/audit multiple statements without observing due procedures and standards prescribed by ICAN.
Unique document identification numbers will be generated every audit/certifications for number of audits/ certifications performed by an ICAN member to the extent of limit allowed as per directive issued by the Institute. As such, members are automatically checked before providing audit/certifications service beyond the prescribed limit.