Big 4 Accounting Firms In Singapore 2024

Revenue of the Big Four accounting/audit firms worldwide in 2023 (Source:Statista)

Introduction: Singapore’s dynamic economic landscape owes much of its stability and growth to the invaluable contributions of its accounting firms. Serving as pillars of financial integrity and advisory services, these firms play a pivotal role in shaping Singapore’s reputation as a global financial hub. In this comprehensive analysis, we delve into the profiles, services, and impact of the four leading accounting firms in Singapore: KPMG, PwC (PricewaterhouseCoopers), EY (Ernst and Young), and Deloitte. By examining their origins, service offerings, industry recognition, and contributions to Singapore’s economic ecosystem, we gain insight into the multifaceted roles these firms play in driving economic excellence and professional expertise in audit services in the region.

 

 

KPMG Singapore

Founded in 1987 through the merger of two prominent accounting firms, KPMG Singapore has emerged as a stalwart in the industry landscape. The firm’s name, an acronym derived from the initials of its four founding members – Klynveld, Peat, Marvick, and Goerdeler – reflects its commitment to excellence and global reach. As part of the extensive KPMG network spanning 154 countries, KPMG Singapore offers a diverse array of services, including taxation, audits, advisory, and more. Its client base encompasses non-profit organizations, corporations, and public sector agencies, showcasing its versatility and adaptability to varied client needs. Moreover, KPMG’s alignment with Singapore’s financial reporting standards underscores its commitment to upholding transparency and regulatory compliance.

• Address: 12 Marina View, #15-01, Asia Square Tower , Singapore, 018961
• Contact:
  • Telephone: +65 6213 3388
  • Fax: +65 6225 0984
• Highlights:
  • Part of KPMG International, a Swiss Entity.
  • Offers taxation, audit, management, corporate advisory, cybersecurity, and risk consulting services.
  • Available in 153 countries and territories across the world.

 

PwC Singapore (PricewaterhouseCoopers)

 

Ranked as the second-largest accounting firm in Singapore, PwC boasts a rich legacy dating back to its origins as a private limited company in the United Kingdom. Operating as a limited liability partnership within the global PwC network, PwC Singapore delivers a comprehensive suite of services, ranging from tax and consultation to audits and corporate services. Its emphasis on providing tailored business advice in alignment with technological advancements and regulatory changes underscores its commitment to driving client success in a rapidly evolving landscape. Recognized for its excellence in accountancy services, PwC’s accolades highlight its dedication to innovation and client satisfaction.

• Address: 7 Straits View, Marina One, East Tower, Level 12, Singapore 018936, Singapore
• Contact:
  • Telephone: +65 6236 3388
  • Fax: +65 6236 3715
• Highlights:
  • Boasts more than 2800 staff members.
  • Focuses on helping organizations maximize business potential within regulatory environments.
  • Works collaboratively with PwC Taiwan, China, and Hong Kong.

 

EY Singapore (Ernst and Young)

With roots tracing back to the 19th century, EY stands as a testament to enduring excellence and innovation in the accounting industry. Established through a merger between Alwin Ernst and Arthur Young’s independent firms, EY expanded its operations to Singapore in 1989, establishing itself as a pioneer in the region. EY Singapore’s service offerings encompass tax assurance, advisory, and transactions, catering to diverse industries such as telecommunications, media, and transportation. Its commitment to driving growth and productivity across sectors has earned it prestigious accolades, including the Asia Tax Firm of the Year and the Best Innovation Award at the Singapore Accountancy Awards.

• Addresses:
  • EY: Level 18 North Tower, One Raffles Quay, Singapore 048583
  • EY wavespace Singapore: 77 Robinson Road, Level 32, Singapore 068896
  • EY: 25 Serangoon North Avenue 5, #06-01A Keppel Digihub, Singapore 554914
• Contact:
  • Telephone: +65 6535 7777
  • Fax: +65 6532 7777
• Highlights:
  • Fosters a vibrant team environment with a focus on collaboration.
  • Emphasizes enhancing the client experience through innovative solutions.
  • Conducts audits for a significant portion of public trade companies in Singapore.

 

Deloitte Singapore

Originally established in the Philippines in 1967, Deloitte’s journey to prominence in Singapore reflects its unwavering commitment to excellence and innovation. Operating as Deloitte Southeast Asia Ltd., the firm offers a wide range of services, including tax, audit, consultation, and risk advisory. Deloitte’s extensive global presence, coupled with its diverse workforce and deep industry expertise, positions it as a trusted advisor and research provider in the accounting landscape. Its contributions to various sectors, including government, healthcare, and financial services, underscore its pivotal role in driving economic growth and regulatory compliance.

• Address: 6 Shenton Way, #33-00 OUE ,Downtown 2 Singapore 068809
• Contact:
  • Telephone: +65 6224 8288
  • Fax: +65 6538 6166
• Highlights:
  • Offers vast experience in the audit and accounting industry.
  • Presence in 150 countries and territories globally.
  • Boasts a diverse workforce comprising over 312,000 employees.

Conclusion

In conclusion, top accounting firms in Singapore, including KPMG, PwC, EY, and Deloitte, embody excellence, innovation, and professionalism in the accounting industry. Through their extensive service offerings, global reach, and commitment to regulatory compliance, these firms play a crucial role in driving economic excellence and professional expertise in Singapore and beyond. As pillars of financial integrity and advisory services, they contribute significantly to the region’s reputation as a leading global financial hub. Moving forward, their continued innovation and dedication to client success will further solidify their position as leaders in the accounting landscape, shaping the future of finance and business in Singapore.