The increase in MCST (Management Corporation Strata Title) being constituted over the years in Singapore lead to higher expectation of Management Councils and Management agents. We provide MCST audit service to ensure that you stay compliant under Building Maintenance and Strata Management Act (BMSMA).
The BMSMA which comes into force on 1 April 2005 provides a legal framework for MCST. Under section 45(1) of the BMSMA,
- Subject to segment 134, the books and accounts of each administration organization in regard of each financial year of the organization will be liable to audit.
- The audit of company’s books and accounts will be completed distinctly by an individual who is an open bookkeeper inside the significance of the Companies Act (Cap. 50).
- The elevator will be designated by the management corporation at its yearly broad meeting inside 90 days after the yearly general meeting.
We specialize in the provision of MCST audit to diverse clientele covering residential (condominiums) to commercial and industrial buildings.
For more information about our MCST (Management Corporation Strata Title) audit services, please feel free to contact us.