MAS' financial statements are audited by the Auditor-General. The main companies in the GIC Group and the Government's portfolio managed by GIC are also audited by the Auditor-General.

To enable him/her to do his work without fear or favour, the position of the Auditor-General is safeguarded under the Constitution – the appointment and removal of the Auditor-General is subject to President’s concurrence.

Temasek's consolidated financial statements are audited by leading international audit firms. In addition, Temasek's financial performance is analysed by bond rating agencies, which have given it a AAA credit rating.

Find out more about the management of our reserves.