Building Maintenance and Strata Management Act 2004

Audit of accounts of management corporation

45.—(1) Subject to section 134, the books and accounts of every management corporation in respect of each financial year of the management corporation must be audited.

(2) The audit of the books and accounts of a management corporation must be carried out only by a person who is a public accountant within the meaning of the Companies Act 1967.

(3) The auditor must be appointed by —

(a)	the management corporation at its annual general meeting; or
(b)	the council of the management corporation not later than the 90th day after the annual general meeting is concluded if no auditor is appointed during that annual general meeting,

and the auditor holds office until the conclusion of the next annual general meeting of the management corporation.

[35/2017]

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