With the increasing numbers of private and industrial/commercial projects being built in recent years, Management Corporation Strata Titles (MCST) have been constituted, creating a growing demand for service expectations from Management Councils. Managing agents are tasked with meeting these challenges to remain highly competitive. Since 1982, we have been providing MCST auditing services and consulting MCST accounts, and we would like to share our knowledge and experience in Accounting and Auditing requirements under the Provisions of the Building Maintenance and Strata Management Act (BMSMA).
FUNDAMENTALS OF MCST AUDIT
An MCST audit includes examining, on a test basis, evidence supporting the amount and disclosures in the financial statements. An MCST audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. In addition to our audit report on the financial statements, as your chosen MCST auditor, we also include a separate letter concerning any material weaknesses in accounting and internal control systems, which arise from the audit.
OUR CLIENT PORTFOLIO
We are currently one of the few auditors specialising in MCST audit and liquidation. Our client portfolio, benefiting from our expert MCST auditing services, consists of more than 400 MCs comprising residential (condominium), commercial (shopping centres, industrial buildings) or residential cum commercial properties. Our expertise as an MCST auditor has positioned us as a leading choice for MCST entities seeking specialized auditing services.
More Information on MCST Audit?
For more information on our MCST auditing services, please fill up the online enquiry form below for a non-obligatory quote or give us a quick call at +65 6533 7393. A representative from our team of experienced MCST auditors will reach out to you at the earliest convenience.