Auditing and accounting firms are cornerstones of Singapore’s strong financial landscape. These firms offer a broad range of services- from audit and assurance to tax and consulting- serving both national and multinational clients as well as small to medium-sized enterprises (SMEs).
“I don’t own a huge corporation, do I still need the help of an accounting firm?” Self-employed individuals as well as small businesses can benefit from these firms. They offer tailored accounting solutions that ease the burden of financial management, allowing entrepreneurs to focus on their core operations. From tracking revenues and expenses, to managing payroll, to offering financial planning advice, these firms offer a comprehensive range of services that allow small businesses to thrive.
Whether you’re struggling to separate personal and business finances or want to accurately account for unforeseen expenses, availing of the services from these reputable auditing firms can help enhance financial decision-making.
Benefits of Hiring an Auditing & Accounting Firm
- Customized Auditing Services: The auditing firm can assess your business needs and will adapt its services to suit your specific needs. This also allows for a more thorough analysis of your company’s financial situation.
- Identifying Weak Areas in Business Finances: With their expertise in accounting and financial management, these firms can help businesses identify and rectify weak areas in their financial operations. As such, you can better use your resources and make better financial decisions.
- Avoid Fraud or Money Laundering: Accounting firms employ sophisticated techniques and technologies to detect and prevent financial fraud or money laundering. This not only protects you and your business from legal repercussions but also helps maintain its reputation and integrity in the industry.
- Comply with Relevant Laws: Regulatory compliance is a major challenge for many businesses. A business consulting firm as well as an accounting firm in Singapore is well-versed in local and international financial regulations. That said, they can help your business stay compliant with relevant laws and standards, minimizing the risk of regulatory issues and potential penalties.
Top 5 Auditing Firms in Singapore
1. KPMG Singapore
Formed in 1987, the KPMG network is a global organization of independent accounting firms. It provides Audit, Tax, and Advisory services, and operates in 143 countries with more than 265 partners and employees. Over the course of its extensive history, it has solidified its position within the Big 5 accounting firms in the xounrey, renowned for its deep-rooted professionalism and broad industry expertise.
KPMG Singapore is committed to quality and integrity in service delivery. It is particularly distinguished for its exemplary audit services, underpinned by rigorous methodologies and deep sector knowledge.
Services:
- Audit
- Tax
- Advisory
- Enterprise
- Management Consulting
- Corporate Secretarial Services
- Risk Consulting
- Cyber Services
- And more
Contact Info:
- Address: Asia Square Tower 2 12 Marina View, #15-01
- Website: https://kpmg.com/sg/en/home/
- Phone: +65 6213 3388
- Social Media: Facebook
- Youtube
2. PwC Singapore
PwC Singapore is the second-largest accounting firm in the country. It is known for its dedication to solving the complex problems of businesses in a rapidly evolving commercial landscape. Its services started with audit and assurance over a century ago. Throughout the years, they have developed specialized capabilities in tax, advisory, and consulting.
PwC Singapore is especially renowned for its strong consulting services and its exceptional record in managing large, high-profile audits. It combines global expertise with a thorough understanding of local markets. This firm has more than 3,500 partners and staff in Singapore with a network of nearly 328,000 people in 152 countries, making them the leading professional services network in the world.
Services:
- Audit and Assurance
- Risk services
- Deals
- Entrepreneurial and private businesses
- Consulting Tax
- Corporate Support Services
- And more
Contact Info:
- Address: 7 Straits View, Marina One, Singapore 018936
- Website: https://www.pwc.com/sg/
- Phone: +65 6236 3388
- Social Media: Facebook
3. EY Singapore
Ernst & Young (EY) Singapore is a leading player in the professional services sector, part of EY’s globally integrated network. EY Singapore is renowned for its emphasis on fostering innovation and its commitment to building a better working world. It’s particularly recognized for its top-tier advisory services and its sector-leading tax and transactions advice.
It is a pioneer in providing tax advisory, and other professional services for its clients. Its office in Singapore performs audits on many publicly-traded companies listed on the Singapore Exchange (SGX).
Services:
- Auditing & Consulting
- People and workforce
- Transactions and corporate finance
- Assurance
- Tax
- Law
- Managed Services (Tax, Finance, Risk, Legal)
Contact Info:
- Address: Level 18 One Raffles Quay, Singapore 048583
- Website: https://www.ey.com/en_sg/
- Phone: +65 6535 7777
- Social Media: Facebook
4. Deloitte Singapore
Deloitte Singapore is a member firm of the Deloitte Touche Tohmatsu Limited network. With over 150 years of experience, Deloitte is a leading global provider of audit and assurance, consulting, financial advisory, and more.
Deloitte Singapore has earned its reputation through a consistent commitment to helping clients excel in an increasingly complex business world. It’s well-known for its extensive services, especially its vast experience in the audit and accounting industry.
Services:
- Audit and Assurance
- Consulting
- Financial Advisory
- Risk Advisory
- Tax
- Legal
- Deloitte Private (Family Enterprise, Best Managed Companies)
Contact Info:
- Address: 6 Shenton Way, OUE Downtown 2 #33-00 Singapore 068809, Singapore
- Website: https://www2.deloitte.com/sg/
- Phone: +65 6224 8288
- Social Media: Facebook
5. RSM Singapore
Established in 1985, RSM Singapore is the largest firm outside the Big 4 in Singapore. It prides itself on its strong client-focused approach and its ability to provide a comprehensive suite of services to diverse industry sectors. It currently has a workforce of over 1,000 professionals and it specializes in audit, corporate strategy, risk advisory, and taxation.
While it might not hold the number one spot overall, RSM is often considered the leading choice for small to medium-sized businesses due to its tailored solutions and the emphasis on building deep and enduring relationships with its clients.
Services:
- Auditing & Consulting
- Advisory
- Assurance
- Tax Advisory
- Business Solutions
- Data Science
- ESG Practice
Contact Info:
- Address: 8 Wilkie Rd, #03-08 Wilkie Edge, Singapore 228095
- Website: https://www.rsm.global/singapore/
- Phone: +65 6533 7600
- Social Media: Facebook
Conclusion
With decades of experience as well as a wide network, the firms listed above offer a broad range of services such as audit, tax, and consulting. Plus, they are renowned for their top-quality services, professionalism, and ethical conduct. Their expertise is indispensable in supporting businesses of all sizes, from multinational corporations to small and medium-sized enterprises.
Key Takeaways:
- Accounting and audit firms offer tailored accounting solutions that ease the burden of financial management.
- Choose accounting firms that offer a wide range of services, including audit, tax, and consulting.
- Seeking the expertise of auditing and accounting firms will help enterprises navigate financial complexities, ensure compliance, and provide support for growth and stability.
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