The BMSMA requires it, and only a registered public accountant may carry it out. MCST audits through Enston are performed by our associated audit firm, Precise Accountant Company.
Owners of strata-titled developments expect good governance from their management councils, and the Building Maintenance and Strata Management Act (BMSMA) backs that expectation with a clear rule: the books and accounts of every management corporation must be audited each financial year, and the audit may only be carried out by a registered public accountant. The auditor is appointed at the annual general meeting, or by the council within 90 days after it, and holds office until the conclusion of the next AGM.
MCST audits through Enston are performed by our associated audit firm, Precise Accountant Company — a practice led by a registered public accountant and specialising in MCST audits of residential condominiums and mixed-use developments. Send us your development's details and we'll come back with a fee proposal from the audit team.
An MCST audit examines the management corporation's financial statements for the year, including:
The signed audit report accompanies the financial statements presented to subsidiary proprietors at the annual general meeting.
The audit runs fastest when the managing agent or treasurer has these ready:
Send us your development's details — number of units, financial year end, and your latest financial statements if available.
Receive a fee proposal from the audit team, usually within a few working days.
On confirmation, the audit team works directly with your managing agent or treasurer on the records.
You receive the draft financial statements and audit report for the council's review.
The signed audit report is issued in time for your AGM.
Residential condominiums, mixed-use developments, and management corporations of all sizes — whether professionally managed or self-managed by the council. Send us your development's details and we'll take it from there.
