Accounting Firms In Singapore

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What Are The Accounting Firms In Singapore

Accounting firms in Singapore are those firms that provide accounting services to individuals, organizations, and other entities in Singapore and include firms such as KPMG, Ernst and Young, PwC Singapore, FOO KON TAN, Baker Tilly TFW, etc.

Accounting Firms in Singapore

Singapore is a small island nation located on the southern tip of Peninsular Malaysia and is a highly developed country in Southeast Asia, having one of the world’s strongest economies. It is a global financial center and offers immense opportunities in the Accounting Domain.

Accounting Firms In Singapore Explained

The accounting firms in Singapore play a vital role in expansion and development of accounting, finance and advisory services in Singapore. They assist both individuals and corporates to carry out the above functions. Services like accounting, auditing, financial consulting, etc are extremely important for economic and financial development of any country. The firms operating in Singapore in this field are proficient and adept in handling the task.

However, a Singapore accounting firm needs to strictly comply with the laws and regulatory requirements of the country while offering their valuable services. Their experience, skill and knowledge contribute significantly to the growth and success of their clients, because Singapore is a global financial hub where there is a high level of competition in the accounting industry.

Their clients range from individuals to start-ups, small and medium sized firms to multinational corporations. The services of top accounting firms in Singapore are customized to meet the requirements of clients as per their size and needs. The regulatory requirements are very strong to maintain the transparency, credibility and high professional standards.

To make an informed choice and get associated with the top accounting firms in Singapore, we have a collated a list of top accounting firms in Singapore where one can make a start of their Accounting career and achieve greater heights as these places offer a perfect stepping stone for those who wish to make a mark in their Accounting career.

Top Accounting Firms In Singapore

Below mentioned is the list of Accounting firms in Singapore, the list of which has been taken from Singapore Business Review (https://sbr.com.sg/):

#1. KPMG

Rank1
2017 Total Staff Strength3000
Managing PartnerOng Pang Thye
Websitelink
Office LocationHong Leong Building, 16 Raffles Quay

KPMG Singapore is a part of the global network of KPMG International, a Swiss entity. It is a Singapore accounting firm that provides services in Audit, Taxation, Corporate Advisory, Management, Risk Consulting, and Cybersecurity.

The name KPMG is derived from the four founding members, namely:

  • Klynveld
  • Peat
  • Marwick
  • Goerdeler

#2. PwC Singapore

Rank2
2017 Total Staff Strength2800
Managing PartnerYeo Oon Jin
Websitelink
Office Location7 Straits View, Marina One, East Tower, Level 12, Singapore

PwC Singapore is the second-largest accounting firm in Singapore, and it works together on a collaborative basis with PwC China, Hong Kong, and Taiwan. It is one of the top accounting firms in Singapore that provides industry-focused services for private and public clients in Assurance, Taxation, Consulting, and digital solutions for all-size organizations.

#3. EY (Ernst and Young)

Rank3
2017 Total Staff Strength2760
Managing PartnerMax Loh
Websitelink
Office LocationNorth Tower Level 18, 1 Raffles Quay, Singapore

Founded in 1849 in England with the forming of Harding and Pullein, the current Ernst and Young were formed by a merger of Ernst & Whinney and Arthur Young & Co. in 1989. In 2013 the company underwent a rebranding to EY.EY Singapore has a history of 129 years. The firm is a part of an integrated Asia-Pacific area. It offers assurance, taxation, and transaction advisory services to all types of an organization, be it public-private or Multinational Companies.

#4. Deloitte & Touche

Rank4
2017 Total Staff Strength2300
Managing PartnerPhilip Yuen
Websitelink
Office Location6 Shenton Way, Oue Downtown 2, Singapore

Deloitte & Touche LLP are affiliates of Deloitte Southeast Asia Limited and is a member firm of Deloitte Touche Tohmatsu Limited and provides services to its clients in the areas of audit & assurance, financial and risk advisory, consulting, and the List of accounting firms in Singapore, it is a part of a globally connected network of member firms which serves four out of five fortune global 500 companies.

#5. RSM

Rank5
2017 Total Staff Strength954
Managing PartnerPaul Lee
Websitelink
Office Location8 Wilkie Road, #Wilkie Edge, Singapore

RSM is the sixth-largest accounting firm globally and comes 5th in Singapore after the Big 4 firms we discussed earlier. It provides services in Audit, Taxation, Corporate, and Risk Advisory, and its focus is more on growing businesses. It was founded in 1985 and boasted major clients such as Q&M Dental group, Mega Chem Limited, San The Limited, etc.

#6. BDO

Rank6
2017 Total Staff Strength460
Managing PartnerFrankie Chia
Websitelink
Office Location600 North Bridge Road,#23-01 Parkview Square Singapore

BDO Singapore was established in 1972 and has been a member firm of BDO International since 1979 and offers services in the areas of Audit, Corporate Finance, restructuring, management advisory, and risk consulting.

#7. FOO KON TAN

Rank7
2017 Total Staff Strength290
Managing PartnerKon Yin Tong
Websitelink
Office Location600 North Bridge Road,#23-01 Parkview Square Singapore

Founded in 1968, Foo Kon Tan is one of Singapore’s most established and respectable accounting firms in Singapore, which provides services in tax advisory and compliance, International business services, IFRS and Advisory Services. Among the list of accounting firms in Singapore, it is a people-focused organization with bold leadership and inspired individuals.

#8. Baker Tilly TFW

Rank8
2017 Total Staff Strength290
Managing PartnerSim Guan Seng
Websitelink
Office Location600 North Bridge Road,#05-01 Parkview Square, Singapore

Baker Tilly TFW is an independent member of Baker Tilly International, one of the world’s 10th largest accounting and business advisory networks among the the big accounting firms in Singapore. It provides assurance, tax, corporate advisory, corporate governance, and risk consulting services. It was founded in 1985 when Teo, Foong+ Wong was founded. It joined the Baker Tilly International network in 2005.

#9. Nexia TS Public Accounting Corporation

Rank9
2017 Total Staff Strength242
Managing PartnerHenry Tan
Websitelink
Office Location100 Beach Road, Singapore

Nexia TS was founded in 1993 by Henry Tan and Sitoh Yih Pin, who are chartered accountants by profession. It is an established mid-tier local accounting firm. It provides services in assurance, taxation, risk advisory, valuation, and financial advisory and caters to varied sectors such as Oil and Gas, Construction, Electronics, Marine, and Shipping, to name a few.

The above details give us an insight into some of the top accounting firms in Singapore and their history, services offered and other important data along with the link to their website and office location, which may be useful for anyone who wishes to avail their services. It is to be noted that due to tough competition, the big accounting firms in Singapore tries its best to ensure the delivery of top class solutions to clients in order to stay ahead of competition in the market.