Accounting firms in Singapore have contributed a great deal of economic growth and stability. These firms are in big demand locally and internationally. Singapore is known as one of the biggest financial hubs in Asia. Mentioned below are the top 4 accounting firms in Singapore:
- KPMG
- PwC
- EY (Ernst and Young)
- Deloitte
KPMG
KPMG is one of the leading accounting firms in Singapore, established in 1987 by the merging of two accounting firms. There are four members who brought up the company, and their first initials are included in the company’s name.
K- Klynveld
P- Peat
M- Marvick
G- Goerdeler
KPMG is a global network of member firms that caters to the needs of clients by providing them with the best services consisting of tax, audits, and advisory. Most of these clients are associated with non-profit organisations, business corporations, and public sector agencies. KMPG has a broad variety of clients with member firms in over 154 countries. The organisation’s responsibility is to keep its clients alongside the changing markets, industry, and regulations. Since KPMG is a global network, it helps its clients from all around the world to overcome issues that are thrown in their ways such as business culture, language barriers, and legal matters.
KPMG not only offers services in accounting but also in healthcare, real estate, energy, natural resources, and many more. KPMG was illustrated as one of the best financial companies that are aligned with the SFRS and SCA in the Singapore illustrative financial statements 2018.
PwC (PricewaterhouseCoppers)
PwC is the second-largest, leading accounting firm in Singapore. PWC is originally a private limited company based in the United Kingdom. It operates in different countries, and one of them is Singapore. PwC Singapore is a limited liability partnership. The company offers flexible services in different industries. Their services include tax, consultation, audits, world trade, food supply, corporate services, and many more. Their main agenda is to offer proper business advice and consultation in line with the fast-changing technology, markets, and regulations. They help their clients control their needs and businesses in a very unique and innovative way. PwC won an award for their excellent services in accountancy in the 2018 people and talent award at the biennial Singapore accountancy awards.
EY (Ernst and Young)
EY was originally founded in the 19th century by Alwin Ernst and Arthur Young, who were operating their own separate businesses in England. However, a merger took place in 1989. At the time, alliances were being formed in Singapore. EY was one of the first British accounting firms that started running in Singapore. EY provides services in Tax assurance, advisory, and transactions. They provide excellent strategies for their clients in these areas. These services are not only limited to accountancy and finance but they also span across different industries including telecommunications, media, health, transportation, and many more, ensuring growth and productivity in all these industries. EY was awarded the Asia tax firm of the year in 2019. In 2018, they were presented with the best innovation award at the Singapore accountancy awards 2018.
Deloitte
Deloitte is one of the largest global organisations. It was originally established in the Philippines in 1967. After a few years, they expanded to Singapore as well. It is now run as Deloitte Southeast Asia Ltd. The main services they provide are tax, audit, consultation, assurance, and risk advisory services. They are affiliated with many industries, including the government, healthcare, technological, consumer, energy, and financial services. Deloitte is a very efficient research provider on the latest changes.
Conclusion
You will find numerous accounting firms in Singapore that offer flexible services. Singapore is very developed in its economic resources and services, especially with all the internationally recognised firms that run here.
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