Top 10 Audit Firms in Singapore
For any business conduct be it within a country or internationally, AUDITING has always remained a very important area. It is a way to reveal your professional dealings with companies of high repute and then to portray you as a worthy partner amongst all potential associates.
The city of Singapore has a repute of being one of the most dynamic business and economic hubs of the world with people from various regions exchanging products and services. Because of Singapore’s friendly business policies and tight regulations, participants find the city to be a place that is:
- Fair and
- Highly profitable
Apart from other legal requirements in Singapore, one that is most important is for all companies to have a proper audit of their accounts and further to have strict financial controls. In Singapore, there are many internationally recognized auditing firms to respond to these regulations and the most common strategy is to choose partners on the basis of good ‘brand recognition’, which could often lead to the choice being very wrong.
Being one of the most renowned auditing firms, we have put together the below list of top audit firms in Singapore which can be used for any size and/or type of organization:
- PricewaterhouseCoopers – PWC is best for public listed and large companies, with an audit team that is exceptionally qualified, however with a significantly higher audit fee level
- Deloitte – Deloitte is considered best for public listed and large companies, with an audit team that is exceptionally qualified, however with a significantly higher audit fee level
- KPMG (Klynveld Peat Marwick Goerdeler) – KPMG is best suited for public listed and large companies, with an audit team that is exceptionally qualified, however with a significantly higher audit fee level
- EY (Ernst & Young) – EY is best for public listed and large companies, with an audit team that is exceptionally qualified, however with a significantly higher audit fee level
- Push Digits Global – Push Digits Chartered Accountants is an ISO-certified audit firm, BEST for large enterprises and SMEs, reasonably low and affordable audit fee, with an audit team that is exceptionally qualified.
- BDO (Binder Dijker Otte) – BDO is best suited for public listed and large companies, with an audit team that is exceptionally qualified, however with a significantly higher audit fee level
- Grant Thornton – GT is best for large enterprises and most SMEs, with an audit team that is exceptionally qualified, however with a significantly higher audit fee level
- Crowe – Crowe is suitable for large enterprises and SMEs, with an audit team that is exceptionally qualified, audit fee ranging from medium to high
- RSM – RSM is best for large enterprises and most SMEs, with an audit team that is exceptionally qualified, audit fee ranging from medium to high
- Baker Tilly – Baker Tilly is best for large enterprises and most SMEs, with an audit team that is exceptionally qualified, however with a significantly higher audit fee level
These accounting firms are internationally recognized and are well known to provide high quality auditing, taxation, business consulting, and bookkeeping services in Singapore. The reasons for these firms to be in the top 10 list are:
- They have proved themselves to be highly qualified
- They have gained tremendous reputation and
- They have earned immense repute in the financial community world-wide
1. PricewaterhouseCoopers (established since 1998): Operating in almost 100 countries around the Globe, on the top of the list we have PwC. It aids every kind of business organization in creating value and achieving growth. They are excellent in providing audit, advisory, assurance and taxation services. Banking communities have trust in them because of their high reputation. This makes the audited Financial Statements and accounts accepted and trusted by any interested partner that looks forward to your products and services. 84% of the Global Fortune are served through them making a figure of about more than 100 private and entrepreneurial businesses and an estimated 500 companies are served through them. This makes PwC serving the Global Fortune with an 84% share with a total of US$43 billion gross annual revenue.
2. Deloitte: Likewise, Deloitte is also a company that is well-known in Singapore and elsewhere. It provides reliable financial advisory, audit, taxation and services of risk management. Being one of the ‘Big4’ accounting firms, Deloitte is known to be amongst the largest finance professional recruiter. At present, it has a recruited population of nearly 225,000 in employment. They are internationally experienced at auditing large companies’ financial records. They generate almost $50 billion in revenue annually and operates in almost 100 different countries all around the world. Many around the globe trust them and they are one of the most reliable firms.
3. KPMG (established since 1987): KPMG is another trusted and reliable firm with a brand image very well-known in the auditing field. It is famous for high quality audit and assurance services. Apart from that KPMG also provides various other services, handling departments of international and local taxation, consultancy, risk management and advisory in nearly 155 countries around the world. Having access to all services under a single roof not only saves time but money too. Their annual clientele revenue is around $30 billion.
4. EY (Ernst & Young): And then there comes EY, a firm with a great amount of international and local experience. They provide the services of audit, assurance, consultancy, advisory and taxation. EY is well-known among its clients for professionalism, client respect and integrity of work. They have a work force comprising of a population from various cultures. Their team of specialists are honest, trustworthy, reliable and most of all hard working. With their reach in most regions of the world, EY is able to generate an annual revenue of $35 billion.
5. Push Digits Global Chartered Accountants: PD Global has been featured as fifth best firm by various independent international rating agencies like Ready Ratios With regional offices in all the continents, it is considered as one of the best accounting firms in Singapore. Among many financial and business enterprises around the globe, Push Digits Global has gained an undisputed reputation due to its work ethics and reliability. Featured and highlighted in numerous famous media outlets such as USA TODAY, the well-known ENTREPRENEUR and also FORBES for being one of the TOP accounting firms in Singapore and around the world! Here a question arises:
‘How can a company having its revenue in millions make a place in the list of companies generating billions of revenue from their client’s accounts?’
Well, the answer is, although being famous internationally this firm puts great value in EACH of its clients, small or big. Its aim is to build long-lasting and reliable relationships with its clients. Then having close affiliations and connections with the Big4 firms, it gives the SAME level and quality of service but at a cost that is nearly 20% LESS than many of the other Firms in the list. Having extensive international experience, this firm is definitely an excellent choice to fulfil all your auditing and accountancy needs. In particular, it can prove to be most beneficial to struggling or small companies that are in need of every advantage that they can get. Further, large companies can also benefit from Push Digits’ personalized services in any area from real estate to oil and gas; from free zone management to transhipping and importing; from gold, diamond and commodities to entertainment industry and movie making. In comparison with other firms, it is extremely cost effective while providing the identical level of service and quality. No wonder international banks have complete trust in the firm. The remaining 5 of the list namely BDO, Crowe Horwath, GT, Baker Tilly and RSM, are nearly same as the first four of the list.
6. BDO (since 1963): With an annual income of nearly $10 billion from its client’s accounts, it has helped many international clients with auditing and financial matters. They have a proactive and extremely flexible approach allowing the firm to handle and overcome any obstacle in the way of client services. It has branches in every continent, giving ease of conduct of global business to their clients. Operating in nearly 165 countries the firm promises a decent professional exposure and experience to all its clients.
7. Grant Thornton: Being a firm that provides good quality service in the departments of audit, advisory, taxation and professional financial accounting services, GT is well-reputed among national and international clients. The firm has good experience at working with clients from different industries and is known to provide customized experience to cater the need of all its clients. The annual revenue generation of the firm is about $2.7 billion.
8. Crowe: The accounting firm Crowe is among the top 10 accountancy and audit firms around the world. Operating in 130 various countries with almost 220 operating offices the firm proudly has grip on a client portfolio of versatile, huge and known reputable companies. Generating an annual revenue of $4.5 billion, Crowe takes extra care to efficiently meet all its clients’ needs.
9. RSM: Next in line is RSM Chartered Accountants that aims at providing services in the department of audit, consultancy and taxation. With offices scattered around the globe, working in almost 120 countries providing good professional and quality services with high experience. With a growing and diverse clients portfolio showing their aptitude to work for any type of client and handle any kind of accounting, financial and audit assignment. The firm generates an annual revenue of $6.7 billion and has 800 operating offices present around the world.
10. Baker Tilly: Making to the top 10 list, Baker Tilly is also a very well-known audit and accountancy firm. It possesses a good international reputation. Baker Tilly is able to handle all the present financial matters of their clients while helping them to tackle and forecast the future ones. They offer experience that is personalized to each client in services like audit, assurance, advisory and taxation. They operate in almost 148 countries around the globe and have a diverse client portfolio. Their annual revenue in the year 2019 was more than $3.4 billion.
The Best Auditing Company?
The main goal of your business should be choosing a firm that is able to make a changing impact on your business and also certify an excellent management of your finances because only that is able to make or break your enterprise. For the promotion and protection of your business enterprise, hiring a reputable, qualified and reliable audit firm could prove to be the best decision you’ve ever made.
Selecting the right audit firm is a task so important that it must be done with extreme care. Your requirement is a firm that:
- Is able to propose value addition to your overall business,
- Identifies internal controls and staff weaknesses,
- Keeps an eye to wrongdoings,
- Is able to provide valuable recommendations to the identified issues during an audit,
- And most importantly COSTS YOU LESS.
Looking at all the options available and taking account of all the given factors, the BEST choice apparently is our economical and well experienced firm positioned in middle of this list namely: Push Digits Chartered Accountants.
Call us now to have an insight and detailed discussion with our accounting, financial and audit experts today. Avail the TOP rated firm with the most diverse and extraordinary experience. Banks, big or small, know us, trust us…So should you! We’re 24/7 at your service, just waiting to hear back from you!