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 section 134, the books and accounts of every management corporation in respect of each financial year of the management corporation shall be subject to audit.
- The audit of the books and accounts of a management corporation shall be carried out only by a person who is a public accountant within the meaning of the Companies Act (Cap. 50).
- The auditor shall be appointed by the management corporation at its annual general meeting or the council of the management corporation within 90 days after the annual 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