Question ID :
44979
Stock Statement Certification
Can a Chartered Accountant certify the stock statement submitted to the bank with UDIN? Since only Bank of Maharashtra is insisting on submission of a CA-certified stock statement,
Posted by
Ninad Prataprao Shete
on
Apr 10, 2026
Filed Under
Audit
Yes, A CA can certify stock statements based on books of accounts, Stock records & MR. Since it is a professional certificate, you have to sign it with UDIN
Posted by
CA. SATISH CHAND GARG on
Apr 10, 2026
Answer ID :
86126
ICAI has made UDIN mandatory for all certificates and attestations issued by a practising CA. Since a stock statement submitted to a bank usually requires a CA to certify the value or existence of inventory, it falls under the category of "Certificates
Posted by
SIVADAS CHETTOOR on
Apr 13, 2026
Answer ID :
86136
Yes , a Chartered Accountant can certify a stock statement with a UDIN, but only when the bank specifically requires such certification. There is no ICAI restriction preventing a CA from issuing a UDIN-backed certificate for a stock statement.
Posted by
NAGAMALLA SHIVA KUMAR on
Apr 14, 2026