Best Accounting Firms for Financial Service Companies in Singapore 2027

The financial services industry presents unique challenges for accountants. Whether you’re managing a fund, operating a payments platform, acting as a lender, or serving as an insurance intermediary, your financial records are rarely viewed by you alone. Regulators, auditors, investors, and banking partners may all want to see them

This guide will focus on the specific needs of financial services companies. We will examine a selection of firms individually, allowing you to find one that aligns with your company’s size and current development stage. The order in which firms are presented does not reflect a ranking; the most suitable choice will ultimately depend on your specific business requirements.

Running a financial services business means your accounting needs are a bit more complex than your average small operation. While a typical company might manage with basic bookkeeping and yearly tax returns, financial services firms often have a lot more to deal with.

Regulatory reporting: If your business is licensed or overseen by the Monetary Authority of Singapore (MAS), you’ll likely need to file regular reports and maintain more stringent records.
Mandatory audits: Many regulated entities don’t qualify for the audit exemption that smaller companies can use, meaning an audit becomes a standard part of the yearly financial cycle.
Specialized revenue: Income from fees, commissions, interest, and investments each have their own set of rules for when and how they can be recorded.
Client money: When you hold client money, safeguarding those funds and performing reconciliations demand careful handling.
Tax and GST treatment: Many financial services are GST-exempt, which affects what you can claim back.

It’s worth remembering that licensing conditions, reporting requirements, and tax regulations can change. It’s recommended to check the latest requirements with MAS, ACRA, and IRAS, or consult with your accountant, before making any decisions based on information you find.

When you’re looking at audit and accounting, it’s worth noting that these services are often provided by different companies. Sure, some firms offer both, but a lot of accounting services actually partner with a separate audit firm.

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Duellix

Duellix is a corporate service provider that covers several back-office functions in one place. Its services include company incorporation, corporate secretary, registered address, nominee director, accounting and bookkeeping, management accounts, unaudited financial statements, corporate income tax compliance, GST services, payroll and CPF, and Employment Pass applications.

Duellix is a good option for small to medium financial service companies that want incorporation, accounting, tax, payroll, and visas handled together instead of managing several vendors. It tends to work well for a young company with a small team and no in-house finance person. With one provider covering the registered address, bookkeeping, GST, tax filing, payroll, and Employment Pass applications, there are fewer contracts to sign and fewer people to chase.

BDO

BDO is an international accounting and advisory network with an office in Singapore. It serves a range of industries, including financial services clients, and its Singapore practice covers areas such as audit, tax, and advisory work.

It may be a good fit for growing companies that want a broader service range and an international network without paying Big Four fees. A typical example is a financial services company that has moved past the startup stage, has outside investors or lenders asking for properly audited numbers, and needs more than basic bookkeeping. In that situation, working with a firm that can cover audit, tax, and advisory under one name can simplify things, especially if the business also has operations or reporting links in other countries.

RSM

RSM is another international accounting and advisory network with a presence in Singapore. Its services include audit, tax, and advisory work, and it serves clients across a range of industries.

Another good option for companies heading into a moment where their numbers will be looked at closely. That might be a licence application, a due diligence review ahead of a funding round, or a first-time audit. In those cases, the quality of the financial records and how well they’re explained matter as much as the figures themselves. A firm with an audit and advisory practice can help you tidy up reporting beforehand and then stand behind the numbers when someone else reviews them. Of course, not every financial services company needs this level of support. A smaller business that’s mainly looking for bookkeeping, tax filing, payroll, and company administration might prefer a more streamlined provider like Duellix, rather than engaging a larger accounting and advisory firm from the start.

Baker Tilly

Baker Tilly is an international network with a Singapore practice covering accounting, tax, and advisory work. Its clients include a mix of local and regional businesses.

For companies that expect their needs to change over the next few years and want a firm that can change with them. Think of a financial services business that is mostly Singapore-based today but is planning to open an office in another Southeast Asian market, add a new product line, or bring in a regional investor. A mid-sized firm with a regional outlook can be a practical middle ground in that kind of situation. You aren’t paying for the full weight of a global brand, but you also aren’t starting over with a new provider the moment your structure gets more complicated.

The Big Four (Deloitte, PwC, EY, KPMG)

Deloitte, PwC, EY, and KPMG are the four largest professional services firms in the world, and each has a sizeable Singapore practice. Their financial services teams cover audit, tax, and regulatory advisory, and they tend to work with banks, insurers, asset managers, and other regulated businesses.

For a business that is already large or heading there fast, working with the Big Four might be worth the cost. If your company group has entities in several countries, preparing for an IPO or a large funding round, or licensed business whose investors and counterparties expect a household-name auditor on the accounts. In those situations, the name on the audit report carries weight, and the depth of the firm matters too. If your business touches complicated areas such as cross-border tax, group consolidation, or new regulatory requirements, these firms usually have specialist teams you can pull in without going looking for another provider

The best accounting firm for a financial services company in Singapore is the one that fits your regulatory obligations, your size, and your budget today, and can keep up as you grow. Start with what your licence requires, compare a few providers on the same scope, and revisit the choice once a year. The same questions apply to every firm on this list.