Singapore’s large accounting firms have continued to see strong growth in the past year.
In this blog post, we will highlight ten successful accounting firms in Singapore.
Table of Contents:
- Introduction
- PwC Singapore
- Ernst and Young
- KPMG
- Deloitte
- RSM
- BDO
- Baker Tilly
- FKT
- Nexia
- Mazars
- Conclusion
- Source
- FAQ
Introduction:
Accounting is an essential part of any business, big or small. It helps keep track of finances, ensures compliance with regulations, and provides insights into business performance. In Singapore, many accounting firms are offering a wide range of services to businesses of all sizes
PwC Singapore
The largest accounting firm in Singapore, PwC Singapore, operates closely with PwC offices in China, Hong Kong, and Taiwan.
Image source: https://www.pwc.com/
PwC Singapore focuses on building trust in the local community by solving important problems and delivering results. Whether through financial audits, advisory, tax, or other professional services.
PwC’s professionals value listening and embracing different vantage points to deliver optimal results and maximize opportunities for clients.
Headquarters: London, England, UK
Ernst and Young
Led by Max Loh, managing partner at EY Singapore, EY is another “Big Four” member with a large presence in Southeast Asia.
Image source: https://www.ey.com/
On top of tax, advisory, and other professional services, EY performs audits on many publicly-traded companies listed on the Singapore Exchange (SGX).
EY Singapore values a closely-knit team and a vibrant, respectful, and collaborative business environment. EY Singapore believes it is important to always work on improving client experiences.
Headquarters: London, England, UK
KPMG
Led by Ong Pang Thye, managing partner at KPMG in Singapore, the KPMG Singapore office is one of the most successful offices not only in Asia but globally as well.
Image source: https://kpmg.com/
KPMG operates as an international network of member firms all around the world and offers audit, tax, and advisory services to solve and mitigate risks for clients.
Clients include corporations, governments, and non-profit organizations. As the largest the accounting firm in Singapore.
KPMG Singapore emphasizes professionalism, social responsibility, and delivering the best results for its clients.
Headquarters: London, England, UK
Deloitte
Led by CEO Philip Yuen, Deloitte Singapore is one of the largest and most popular accounting firms in the country.
Image source: https://www2.deloitte.com/
With approximately 2,300 staff members and growing, Deloitte Singapore is celebrating its 50th anniversary in 2017.
The firm focuses on entrepreneurship, core values, innovation, and excellence. Deloitte Singapore provides excellent services in accounting, consulting, financial advisory, risk management, and tax services.
Headquarters: London, England, UK
RSM
RSM is also one of the largest accounting firms in Singapore. Founded in 1985, RSM Singapore primarily provides assurance, tax, and advisory services.
Image source: https://www.rsm.global/
Led by founding partner and CEO Chio Kian Huat, RSM Singapore also handles IPOs and audits of major companies in the region.
RSM is the fifth largest accounting and professional services firm worldwide.
Headquarters: London, England, UK
BDO
Another large professional accounting services firm in Singapore is BDO Singapore emphasizes the importance of creating and maintaining a mutually beneficial relationship to ensure the success of not only the firm but its clients as well.
Image source: https://www.bdo.com.sg/
By constantly focusing on building and maximizing the potential of its employees in the absence of bureaucracy, BDO Singapore provides numerous services such as audit and assurance, tax, advisory services, and business outsourcing.
Headquarters: Zaventem, Belgium
Baker Tilly
Baker Tilly TFW is among the biggest accounting and business advisory firms in Singapore.
Image source: https://www.bakertilly.com/
It is an independent member of Baker Tilly International and is constantly working to improve its expertise in business valuation, cybersecurity, and litigation.
Predominantly providing services in assurance, tax, and governance, and risk, Baker Tilly TFW is a strong advocate of passion and excellence in client service.
Headquarters: Chicago, Illinois, United States
FKT
Foo Kon Tan LLP is one of Singapore’s most well-established and respected accounting firms.
Image source: https://www.bakertilly.com/
The firm was originally founded in 1968 as Foo, Kon & Tan, and later changed brand and structure to become Foo Kon Tan LLP.
Foo Kon Tan LLP is a principal member of HLB International, a UK-based worldwide network of independent accounting firms and business advisors.
The firm proudly advertises its “I-CARE” motto which indicates an emphasis on integrity, commitment, accountability, respect, and excellence.
Headquarters: Singapore
Nexia
Nexia TS was founded in 1993 by Henry Tan and Sitoh Yih Pin, two highly experienced chartered professional accountants.
Image source: https://nexia.com/
With its clear vision and desire for growth, Nexia TS today is recognized as a well-established, mid-size accounting firm.
An independent member of Nexia International, Nexia TS focuses on providing personalized and comprehensive services to its clients.
For the fifth year in a row, Nexia TS was included on the 28th Annual Singapore 1000 & Singapore SME 1000 list in 2015.
The accolade is presented to the top 1% of corporations and SMEs in Singapore. The firm provides assurance, taxation, accounting, and consulting services.
Headquarters: London
Mazars
Mazars in Singapore is an international integrated firm that provides meaningful audit, tax, and advisory advice to the world’s leading organizations and fastest-growing businesses.
Image source: https://www.mazars.sg/
With more than 245 professionals, the firm is a fast-growing and independent firm servicing clients across Asia-Pacific.
Headquarters: Paris, France
Conclusion:
Singapore is home to many highly successful and reputable accounting firms. As Singapore continues to grow as a financial hub, it is likely that these firms, along with others in the industry, will play an important role in shaping the future of the accounting profession in the country.
Technology has revolutionized the accounting industry, and it’s important to stay up-to-date with the latest tools and accounting software. Embrace technology to increase efficiency, accuracy, and productivity, and provide better service to your clients.
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Source: The analysis is based on data from International Accounting Bulletin, Singapore Business Review, Wikipedia.org, and Consultancy.org.
FAQS:
Is an accounting firm a good business?
Whether an accounting firm is a good business or not depends on several factors, including the quality of services provided, the demand for those services, the competitiveness of the market, and the efficiency of the business operations.
What is the difference between an accountant and an accounting firm?
An accountant is an individual who is trained and qualified to provide financial services such as bookkeeping, tax preparation, and financial statements. On the other hand, an accounting firm is a business entity that provides accounting services to individuals and organizations.
How to choose the right accounting firm?
choosing the best accounting firm requires careful consideration of your specific needs, the firm’s qualifications and experience, its reputation, communication style, and pricing structure.
How to start an accounting firm?
Starting your own accounting firm requires careful planning and hard work, but with the right strategy, you can build a successful and profitable business. Here are some steps to help you get started: Develop a business plan, Choose a legal structure, Obtain necessary licenses and certifications, Set up your office, Develop a marketing strategy, Build a client base.