ICAI vide announcement dated April 13, 2020 announced the Use of Electronic Signature for Signing Audit Reports and Certificates. Key takeaways are:
• The members of ICAI may use electronic signature for signing audit reports, all reports issued pursuant to any attestation engagement and certificates.
• The requirement to mention UDIN is applicable both for manually and digitally signed reports/certificates including certificates uploaded online.
• However, the members need to ensure compliance with all the requirements relating to signature prescribed in the relevant law or regulation.
• This Announcement will come into force from immediate effect.