Accounting Firms in Singapore
Firms catering companies’ professional needs.
Singapore (SG) is a sovereign island country and city-state located in Southeast Asia. Known as the “Lion City,” or affectionately as a “Little Red Dot” or “Garden City,” Singapore has grown rapidly over the years into a highly-developed economy and one of four Asian Tigers.
A strategic location and an inherently business-friendly environment attributed to the low taxes and highly talented human capital, coupled with the government’s focus on bringing international companies to set up here, make it a hot spot for foreign investment.
As such, when many Fortune 500 companies set up local offices and operations within Singapore, it is no surprise that Singapore’s accounting and the advisory scene is well developed, catering to both MNCs and homegrown companies.
Such firms cater to companies’ professional needs, which must adhere to various local laws and regulations. Singapore’s laws and regulations are some of the strictest in the world, and such services are critical in ensuring firms don’t run afoul of them.
Apart from making sure the companies’ books make sense, they also ensure that firms can fully utilize Singapore’s advantageous tax code and provide a growing suite of professional services in areas such as digital consultancy.
Top Professional Services and Accounting Firms in Singapore
It is no surprise that the Big 4 (comprising Deloitte, EY, PwC, and KPMG) are featured prominently on this list, with their long-established history, the wealth of experience, and large-scale operations that involve thousands of employees.
They tend to be considered as a collective as they are similar in size (concerning revenue and manpower) and can provide a wide scope of professional services to their clients, which includes 99% of all Fortune 500 companies and many Singapore Exchange (SGX) companies.
Their reputation and exposure for employees make it a lucrative place to start and develop their careers, with many Accountancy fresh graduates in Singapore entering them.
In many parts of the world (Singapore included), regulated businesses such as audit and legal firms must be locally owned and independent. Big 4 member firms are generally locally owned and managed by their partners.
However, Singapore’s self-grown accounting firms have grown in size over the years, with many becoming middle-tier firms and providing a suite of services for both SGX-listed and private companies.
The below list (not ranked in any significance) represents the top 10 firms, including homegrown and local auditing firms such as Foo Kon Tan LLP etc.
PwC Singapore
In Singapore, over 3,500 employees within PwC help resolve complex issues for both public and private companies and the government and help various organizations explore future growth and opportunities.
With 284,000 professionals in the PwC network that spans 155 countries and territories, they are undoubtedly one of the top professional services networks globally that focus on catering to organizations and creating value.
While PwC started with audit and assurance services over a century ago, they have not sat on its laurels. As times changed, they developed specialized tax, advisory, and consulting capabilities.
Their professional services include helping companies address emerging business challenges ranging from digital transformation, mergers, and acquisitions to sustainability.
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Address: 7 Straits View, Marina One, Singapore 018936
Contact No: (+65) 6236 3388
EY Singapore
Through EY’s four significant services: Assurance, Consulting, Strategy and Transactions, and Tax, clients can capitalize on transformative opportunities. In addition, EY helps companies fulfill regulatory requirements, keep investors informed and meet all their stakeholders’ needs.
With over 700 office locations in over 150 countries, spanning over three geographic areas:
- Americas
- Europe, Middle East, India, and Africa (EMEIA)
- Asia-Pacific.
As such, EY can tap into its global network to provide local knowledge with global experience.
EY emphasizes an inclusive and diverse environment that enables the sharing of perspectives, which brings out growth and learning, as well as a breadth of experiences. Being able to leverage such expertise is key in delivering to clients.
With a focus on a better working world with sustainable economic growth and an employee-oriented culture that focuses on personal development and inclusiveness, EY strives to fulfill its purpose and create positive change.
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Business Contact Details:
Address: North Tower Level 18, 1 Raffles Quay, Singapore 048583
Contact No: (+65) 6535 7777
Deloitte Singapore
As a leading global provider of audit and assurance, consulting, financial advisory, risk advisory, tax & legal, and related services, Deloitte is the largest professional services organization by revenue, serving 4 out of 5 Global Fortune 500 companies.
With more than 150 years of hard work and commitment to developing leaders and preparing clients for future challenges, Deloitte has expanded to over 150 countries and territories with 312,000 people.
Through a focus on transparency, accountability, and reporting, in addition to its commitment to corporate responsibility and sustainability, Deloitte is focused on delivering the best of itself to the world.
Deloitte in Singapore started as Goh Tan & Co back in 1967 and came to be known as Deloitte & Touche LLP in 2008 after many mergers over the years.
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Address: 6 Shenton Way, #33-00 OUE Downtown 2, Singapore 068809
Contact No: (+65) 6224 8288
KPMG Singapore
Known as one of the members of the Big 4, KPMG is a multinational professional services organization that provides Audit, Tax, and Advisory services. With member firms in over 146 countries and territories worldwide, they employ over 227,000 staff.
In 1987, the respective member firms of Klynveld Main Goerdeler (KMG) and Peat Marwick International (PMI) came together and formed the KPMG we know today.
With a focus on people’s well-being, the workplace, and the marketplace, KPMG aims to support the holistic health of employees, achieve an inclusive and diverse workforce, and implement sustainable practices for the planet.
Their positive impact has also been recognized, with KPMG being recognized as a Champions of Good organization under the National Volunteer & Philanthropy Centre’s Company of Good program.
They have also received the Enabling Mark (Silver) award, national recognition for their workplace inclusivity strategies.
In Singapore, KPMG is led by Managing Partner Mr. Ong Pang Thye, also a board member of KPMG International.
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Address: 16 Raffles Quay, #22-00 Hong Leong Building, Singapore 048581
Contact No: (+65) 6213 3388
BDO LLP, Singapore
BDO LLP was established in 1972 and became a member firm of BDO International in 1979. It offers a full range of services, including audit, tax, and advisory services in corporate and digital fields, management consulting, secretarial & outsource accounting.
With public and private companies from local sectors and subsidiaries of multinational corporations (MNCs) as clients, BDO LLP serves a wide range of companies, from retail & distribution to financial reserves and natural resources.
Through its departments and network, BDO provides the flexibility, specialized expertise, and sincerity of a local firm, together with all the capabilities of the large-scale global players, offering the best of both worlds.
For 50 years, they have helped such businesses grow and expand by providing the highest quality tax, audit, assurance, financial and advisory services, further enhanced by their global reach and access to top subject matter experts (SMEs).
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Address: 600 North Bridge Rd, #23-01 Parkview Square, Singapore 188778
Contact No: (+65) 6828 9118
RSM Singapore
RSM Singapore is the largest professional services firm outside the Big Four in Singapore, and the sixth-largest globally, with a suite of services including audit, tax, advisory, and business support services.
Within Singapore, RSM focuses on growing businesses and enabling them to improve profits, business value, and internationalization.
RSM is also a Service Provider on the EDB Connections Concierge. This online service helps new businesses and tech companies set up in Singapore through EDB’s curated network of service providers.
It is a testament to their ability to help international businesses expand their operations in Asia regarding issues like corporate compliance and governance, payroll, accounting, staffing, and IT infrastructure and solutions.
With a reputation built on technical competence, proactive client servicing, and a commitment to uncompromising integrity, RSM offers a high standard of professional services.
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Address: 8 Wilkie Rd, #03-08 Wilkie Edge, Singapore 228095
Contact No: (+65) 6533 7600
Baker Tilly Singapore
Today, Baker Tilly Singapore operates with over 300 staff and 23 members in senior management, ranking it amongst the top 10 largest accounting and advisory firms locally, catering to clients from family companies and social enterprises to MNCs.
With a rich history since 1985, it was started when Teo, Foong, + Wong was founded. After name changes and merging with various firms over the decades, the firm arrived at the Baker Tilly name in 2005 when it joined the Baker Tilly International network.
As one of the top 10 professional business services networks globally, the firm can provide a whole suite of services such as assurance, tax, governance and risk, transaction advisory, restructuring and recovery, outsourcing, corporate secretarial services, and digital solutions.
With integrity, passion, and progressiveness as their core values, Baker Tilly strives to expand boundaries to grow for themselves and their clients by providing the best counsel possible.
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Address: 600 North Bridge Rd, #8 Parkview Square, Singapore 188778
Contact No: (+65) 6336 2828
Foo Kon Tan LLP
Foo Kon Tan LLP is one of Singapore’s most well-established and recognized accountancy practices, with roots tracing back to 1968 when the original firm was founded and became known as Foo, Kon & Tan.
Through the past decades, capable and influential leadership enabled the evolution and growth of the firm to provide comprehensive and holistic corporate and advisory solutions to discerning clients and is one of the top 7 accountancy practices in Singapore.
Clients get tailored and direct services from partners and senior management, a key characteristic of the FKT experience. For more than 40 years, FKT’s professionals have dedicated themselves to private and public companies to achieve success.
As a principal member of HLB International, Foo Kon Tan also has access to a wide global network of independent professional services firms and advisors.
Through the extensive and localized expertise of the member firms located in 130 countries, clients can take confidence that they are in good hands.
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Address: #07-03 Clifford Center, 24 Raffles Pl, 048621
Contact No: (+65) 6336 3355
Nexia TS Public Accounting Corporation
Nexia TS is an established mid-tier local accounting firm and has grown significantly over the years. It is also an independent member of Nexia International and is associated with Smith & Williamson in the United Kingdom.
As such, Nexia TS clients get to enjoy personalized, comprehensive, and good services at competitive rates in Singapore and globally.
Nexia’s quality has been recognized by clients and the industry alike, being one of the local pioneer firms accredited by the Institute of Chartered Accountants in Australia, the Institute of Chartered Accountants in England & Wales, and the Singapore Accountancy Commission.
Over the years, Nexia TS has worked with thousands of clients, from MNCs to SMEs, delivering global-standard advisory and audit solutions tailored to each business and have received many awards to show for it too.
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Address: 80, #25-00 Robinson Rd, Singapore 068898
Contact No: (+65) 6534 5700
Mazars Singapore
Over the years, Mazars has developed into a global professional services group comprising more than 44,000 professionals in over 90 countries.
Within Singapore, Mazars is an independent, globally-integrated firm that provides enriching audit, tax, and advisory advice to the world’s leading businesses. It involves more than 280 professionals providing valuable services to clients across APAC.
With a strong focus on personnel development, Mazars has been recognized and appointed as an Accredited Training Organization (ATO) by the Singapore Accountancy Commission (SAC) in the Singapore Qualification Programme (Singapore QP).
It is also recognized as one of the top places to work, being one of 27 Singapore companies to be honored at the HR Asia’s Best Companies to Work for in Asia Award 2021 and for the consecutive year (2017-2021).
Diversity is a key focus of Mazars, where it promotes an inclusive environment consisting of employees from all walks of life, each with their style and ethnic background, for said differences are key in bringing greater value and success.
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Address: 135 Cecil St, #10-01, Singapore 069536
Contact No: (+65) 6224 4022
Accounting and Advisory Scene in Singapore
As a top choice for FDI, Singapore attracts large investments and an increasing number of MNCs and family offices. With SMEs incentivized to expand and scale by the Singapore government, the professional services pie is huge enough for all to have a slice of it.
However, such firms are open to more than just the same few prevalent worldwide. The bigger players tend to service the larger firms locally due to their need for added expertise and other matters and the larger firm’s ability to bear the costs incurred.
The 291,600 SMEs in Singapore make up 99% of all enterprises and 71% of total employment.
These are the kind of businesses that the smaller scale accounting/advisory firms cater to, as they can also provide a more customized and relevant service that they will need, as the needs for the different demographics between SMEs and MNCs vary greatly.
Looking to enter the accounting and advisory industry? In such a competitive environment, every single advantage and edge matters. So equip yourself with the most desirable skills and learn more about them below!
Researched and authored by George Lee | LinkedIn
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