The Securities and Exchange Commission of Pakistan (SECP) has introduced a new requirement for auditors to include a Unique Document Identification Number (UDIN) on all relevant documents and audit reports.

This regulatory change is outlined in S.R.O. 1481 (I)/2023, which presents draft amendments to the Auditors (Reporting Obligations) Regulations of 2018.

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The amended regulations specify that UDIN, which is generated from the designated portal of the Institute of Chartered Accountants of Pakistan or the Institute of Cost and Management Accountants of Pakistan, must be included by auditors on all reports issued under the Auditors (Reporting Obligations) Regulations of 2018.

It’s important to note that this requirement will also apply to practicing members of the Institute of Cost and Management Accountants of Pakistan once the Commission has notified the specific date.