Singapore legislation
Regulation 4
of Building Maintenance and Strata Management (Strata Management Accounts — Exemption) Order
Regulation 4
Exemption from annual audit by public accountant
Amended byG.N. No. S 199/2005
A management corporation for a strata title plan with at least 5 but not more than 10 lots shall be exempt from section 45(2) of the Act in respect of its books and accounts for any financial year where, pursuant to a resolution by consensus, the management corporation approves that its books and accounts in respect of that financial year may be audited by any of its subsidiary proprietors in place of a public accountant within the meaning of the Companies Act (Cap 50).