Understanding ICAN UDIN: Verification Guide for Bankers and Corporate Stakeholders

1. Background of the UDIN Mandate\n\nTo combat the circulation of unverified or fraudulent audit reports and enhance stakeholder trust in financial statements, **The Institute of Chartered Accountants of Nepal (ICAN)** mandated the implementation of the **Unique Document Identification Number (UDIN)**.\n\nEvery practicing Chartered Accountant holding a valid Certificate of Practice (COP) must generate an 18-digit UDIN for every formal document signed.\n\n---\n\n## 2. Structure of the 18-Digit UDIN\nAn authentic UDIN follows a standardized cryptographic structure:\n- **Digits 1–2**: Fiscal Year identifier of issuance.\n- **Digits 3–8**: Practicing Member's ICAN Registration Number (e.g. `001612` for CA. Sima Rijal).\n- **Digits 9–10**: Document Type Code (e.g., Audit Report, Tax Certificate, Due Diligence Opinion).\n- **Digits 11–18**: Unique randomized cryptographic alphanumeric sequence.\n\n---\n\n## 3. Step-by-Step Verification Procedure for Lending Officers\nCommercial banks evaluating loan applications must independently verify the authenticity of audited balance sheets:\n1. Navigate directly to the official ICAN portal: `https://udin.ican.org.np`.\n2. Enter the **18-digit UDIN** printed on the face of the Independent Auditor's Report.\n3. Verify the displayed parameters against the physical document:\n - Name of the Practicing Chartered Accountant (**CA. Sima Rijal**)\n - Name of the Audit Firm (**Sima & Associates**)\n - Client Entity Name and PAN\n - Audited Turnover and Net Asset figures\n4. If figures match, the document is officially verified. If the portal returns no record, the document is not recognized by ICAN.