Conducting an MCST audit is an essential part of maintaining transparency and financial accountability in strata-titled properties across Singapore. With increased expectations from Management Councils and regulatory authorities, preparing thoroughly for this audit ensures compliance, accuracy, and peace of mind for all stakeholders. This guide will walk you through effective steps to prepare for a hassle-free MCST audit, along with tips for managing a GTO audit where applicable. Understanding MCST and GTO Audits An MCST audit involves an independent examination of the financial accounts of a Management Corporation Strata Title (MCST). It ensures that funds collected for property maintenance, such as the sinking fund and maintenance fund, are used properly and reported accurately, as required under the Building Maintenance and Strata Management Act (BMSMA). A GTO audit, or Gross Turnover Audit, applies to commercial properties or mixed-use developments where tenants pay rent based ...