Top Accounting Firms in Singapore
Being a leading business hub of the Southeast Asian region, Singapore boasts of thousands of accounting firms which provide a bunch of services on general accounting, bookkeeping, tax services, business advertisement and auditing.
Prior to engaging a firm, it is evident that you would like to know the list of the top accounting firm in Singapore. This write-up is outlining the list and brief details of these top firms. It would help you to know some unheard stories about the giants of accounting industry in Singapore.
Big 4 viz. KPMG, PwC, EY and Deloitte will undoubtedly appear in the first four spots when it comes to the top accounting firms in Singapore. Along with these four giants, one of the prominent accounting firm in the world i.e. RSM has also been added to the list. Here is the list of 5 largest accounting firms in Singapore 2015. Please note that the list is based on the research published by Singapore Business Review in January 2016.
According to the report, PwC is no longer in the top position as KPMG has beaten the PwC in terms of total staff number. Previously ranked at third place, KPMG increased its staff from 2400 to 2900 in 2015.
Accounting Firm Name
|KPMG||1||2900||THAM SAI CHOY|
|PwC Singapore||2||2579||YEOH OON JIN|
|EY (ERNST & YOUNG)||3||2360||MAX LOH|
|DELOITTE & TOUCHE||4||2200||PHILIP YUEN|
KPMG is the acronym to Klynveld, Peat, Marwick and Goerdeler. It is a fastest growing company of the Big Four. The history of KPMG dates back to 1987 when it was first set up as KPMG Peat Marwick. It has a strong presence in 155 countries worldwide, and its service offering includes auditing, tax, and advisory to business entities, government, public sector agencies globally.
PwC is the abbreviations of Price Water House Cooper. It is the most reputed accounting firm in the world. PwC Singapore is the branch of world’s renowned brand PwC. The giant has established a strong network by setting up accounting firms in 157 countries in the world. Mr. Yeoh Oon Jin has been appointed as the Executive Chairman of PwC Singapore since 2013. Under the wings of a strong leader like him, PwC Singapore has managed to receive the prestigious CFO Innovation Awards 2015 for being the top performer of Audit Services for the second year in a row.
EY (Ernst & Young)
Ernst & Young, also known as EY, is headquartered in London. Founded in 1989, EY operates in over 150 countries worldwide. This renowned Big 4 accounting firm is a pioneer in providing tax advisory, assurance and transaction services for business across the industry. The firm is globally acclaimed for facilitating a favorable working environment, and it has been voted as one of the best organizations in the world to work for.
Deloitte & Touche
The list of Big 4 would not be complete without the inclusion of Deloitte & Touche. Deloitte Touche Tohmatsu Limited, popularly referred as Deloitte, is headquartered in Newyork, USA. It came into existence after a series of mergers. Deloitte is a global leader in offering audit, consulting, financial advisory, risk advisor, and tax & legal advice to corporates, government and public sectors.
RSM is one of the leading accounting firms in Singapore other than Big 4. It has been offering an array of services including tax & business advisory, assurance since 1985. The name RSM has been derived from the initials of three founding partners of the firms of the organization. It stands for Robson Rhodes (UK), Salustro Reydel (France), McGladrey (USA).
RSM, a multi-national network of accounting firms, is the sixth largest accounting service network in the world. The Singapore branch of the organization manages to reach the fifth position in the list of largest accounting firms in Singapore, compiled by Singapore Business Review 2016.
Not all businesses could afford to hire the services of above-listed accounting giants due to the budget constraints, especially the Small and Medium Enterprises (SMEs) who run their businesses on a shoe-string budget. Nevertheless, there are good pocket friendly accounting firms delivering high-end services at affordable fees.
Our team of accountants makes every possible effort to match the standards of accounting services with that of top accounting firms (Big 4).