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UNIQUE DOCUMENT IDENTIFICATION NUMBER (UDIN)

UDIN is a 18 digit Alpha-numeric figure which can be generated only by Chartered Accountants holding Certificate of Practice whenever they issue a report or a certificate.

UDIN has eliminated the possibility of a non-member misrepresenting as a Member and filing documents.

Regulatory authorities in India, viz. the tax regulator, banking regulator, financial markets regulator, real estate regulator have recognized UDIN.

UDIN has been made mandatory from the year 2019 for all certifications, GST filing, Tax Audit reports, Audit, Assurance & Attest functions.

UDIN enables online real time verification of authenticity of documents filed by Chartered Accountants

Every document filed gets a unique identity

Generation of UDIN is OTP based. Communication is sent on registered email ID and mobile number

Any regulator or stakeholder can any time verify the authenticity of documents filed

In case a document is revoked by the Chartered Accountant, the verifier gets message alert

Generation of UDIN has been on the increase year after year. So far, close to 50 million UDINs have been generated.

SUSTAINABILITY REPORTING MATURITY MODEL (SRMM)

SRMM is a maturity model based on scoring of Business Responsibility and Sustainability Reporting (BRSR) formats.

Released in the year 2021, SRMM 1.0 defines four levels of Sustainability Maturity of corporates based on scores – Level 1, Level 2, Level 3 and Level 4.

SRMM 2.0 released in the year 2023 aligns the Indian Corporate Sustainability Reporting with International Standards

Each corporate and professional accounting firms can self-assess their current maturity position vis-a-vis various sustainability reporting maturity levels, and identify areas where more focus is required, for upgrading to a higher level of maturity.

DIGITAL COMPETENCY MATURITY MODEL (DCMM)

DCMM enables Professional Accounting firms to rate their current level of maturity on digital competency, identify areas where competencies are strong or lacking, and develop a roadmap for achieving higher level of maturity.

Dimensions of Digital Maturity
Section A: Level of Automation of Firm’s internal Processes

Dimensions of Digital Maturity
Section B: Availability of Qualifies Resources Poll & Talent Development Relating to Digital Competencies

Dimensions of Digital Maturity
Section C: Discipline Specific Categorization:
Audit, Tax & Compliance, Accounting and Support Function, Other Management Consulting Services

Dimensions of Digital Maturity
Section D: Adaptation of Advanced and Emerging Technologies

Audit Quality Maturity Model (AQMM)

The Audit Quality Maturity Model (AQMM) is an attempt to evaluate the current level of Audit Quality Maturity at firm level.

AQMM is an amalgamation of a well- researched set of Audit Quality Indicators (AQIs).

AQMM provides a mechanism to help and guide the firms to improvise their audit quality.

AQMM helps identify strength and lacking areas of the firms, and accordingly develop a road map for upgrading to a higher level of maturity.

AQMM is a cross-functional evaluation model covering key areas of not only audit engagements but also audit practice at the firm level.

Digital Learning Hub (DLH)

Integrated Learning Management System introduced on 1st January 2019

Professional and Academic Content in multiple formats

Knowledge sharing platform accessible on personal digital assistant

Convenient learning from anywhere at any time at reasonable cost

A central repository of both professional and academic learning material for members and students

Who can access?
ICAI Members, ICAI Students, Bank Officials, ICAI’s MRA/ MoU Partners, ICAI Officials, Government Officials, Guest Users

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