Find Accountancy, Audit and Tax expertise in Singapore

Overview

All of the ‘Big Four’ firms, Deloitte, Ernst & Young, KPMG and PwC, have a presence within Singapore, whilst some native firms such as RSM Chio Lim LLP are also meaningful players. The Audit Act of 1965 makes provisions for the audit of the accounts of Singapore and of other public authorities and bodies administering public funds. The Companies Act set out similar guidelines to the International Financial Reporting Standards (IFRS), the Singapore Financial Reporting Standards (SFRS). Adoption of the IFRS is considered to be advanced with all companies and foreign incorporated companies in Singapore required to compile their financial reports in accordance with SFRS. Singapore ranks second in the world in relation to resolving insolvency, coming between Japan in first place and Canada in third place, according to the World Bank Ease of Doing Business Index (2011). The World Economic Forum Global Competitiveness Report (2012-2013) ranks Singapore 5th out of 143 countries with regards to strength of auditing and reporting standards with a score of 6.1, above the world mean of 4.6. 

Accountancy, Audit and Tax organisations in Singapore
Association of International Accountants