Additional Details Required for UDIN Generation

• On 20th June 2025, UDIN Directorate of ICAI announced that the information regarding Auditor’s Opinion
• Auditor’s Opinion on financial statements is a compulsory field for two categories only – ‘GST & Tax Audit’ and ‘Audit & Assurance Functions.
• Information entered by members on the UDIN portal will remain confidential and will not be accessible to any third-party verifiers.
• The portal displays the question: “Is Auditor’s Opinion on financial statements applicable to this audit

Two options are available: Yes / No.

1. If “Yes”: Select any one type of opinion from the dropdown (Unmodified, Qualified, Adverse, or Disclaimer).

1. Select Yes/No for one or more of the additional reporting in Auditor’s Report — Key Audit Matter (KAM), Emphasis of Matter (EOM), Other Matter, and Material Uncertainty related to Going Concern.
2. Select Entity Type from the dropdown — Listed or Non-Listed Entity.
3. If Listed Entity is selected, proceed further.
4. If Non-Listed Entity is selected, another dropdown will appear. Choose the appropriate type   from the list, or select “Others” if not listed, and proceed further.

2. If “No”

1. No additional fields will appear, and the member can proceed further.

• In accordance with SA 705 (Revised) – Modifications to the Opinion in the Independent Auditor’s Report, a modified opinion can be of three types – “Qualified Opinion”, “Adverse Opinion”, or “Disclaimer of Opinion” for giving a true and fair view on financial statements.
• The following is an extract from SA 705 (Revised): Types of Modified Opinions (Ref: Para. 2) A1. The table below illustrates how the auditor’s judgment about the nature of the matter giving rise to the modification, and the pervasiveness of its effects or possible effects on the financial statements, affects the type of opinion to be expressed.

• During ICAI UDIN generation, the portal asks whether ‘Opinion is applicable to this audit.
• The option “No” should be selected only where true and fair view of the financial statements is not required. SA 700 (Revised) – Forming an Opinion and Reporting on Financial Statements deals with the auditor’s responsibility to form an opinion on the financial statements. In order to form that opinion, the auditor shall conclude as to whether the auditor has obtained reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error.
• Under Rule 11(g) of the Companies (Audit and Auditors) Rules, 2014, the auditor is required to report on certain aspects of audit trail by making specific assertion in the audit report under ‘Report on Other Legal and Regulatory Requirements’. While reporting on audit trail, the auditor may modify his opinion under this clause. However, the same may not require modification under the main Auditor’s Opinion on the financial statements and hence, would not be required to be reported under this functionality of UDIN.
• Section 143(3)(i) requires the auditor’s report to state whether the company has adequate internal financial controls system over financial reporting in place and the operating effectiveness of such controls. If there are deficiencies that, individually or in combination, result in one or more weaknesses, the auditor must evaluate the need to express a modified opinion on the company’s internal financial controls over financial reporting. A modified report on internal financial controls over financial reporting does not in effect imply that the audit report on financial statements should also be modified and hence, would not be required to be reported under this functionality of UDIN.

*Please refer:-   https://udin.icai.org/announcement/2025-06-21