Skip to main content
16,400+ monthly visitors to Terris Recommends Featured on a guide? Get your badge Get your badge

Terris Recommends 16,400+ monthly visitors Business Services

11 Best Audit Firms in Singapore (August 2026)

My picks of the 11 best audit firms in Singapore for 2026 for SMEs, plus whether you even need a statutory audit. Starting with RSM Singapore and BDO.

An auditor reviewing financial statements and figures at a desk in a Singapore accounting office

This guide is part of Terris Recommends, my researched, hands-on picks of the best local businesses and services in Singapore. Every recommendation is researched and ranked by me.

See all recommendations

Choosing an audit firm in Singapore should start with a question most SMEs never ask: do you actually need a statutory audit at all? Since the small-company exemption, most private companies do not, so the real decision is not which Big Four firm, but which ACRA-registered accountant fits your size and budget if you do need one.

A private company is exempt from a statutory audit if it qualifies as a small company, meeting at least two of three thresholds over the past two financial years: revenue up to S$10 million, total assets up to S$10 million, and up to 50 employees. If you are above that, or a group, or you need audited accounts for a bank, investor or tender, then you engage a firm, and only an ACRA-registered public accountant can legally sign the audit. I will explain the exemption and how to choose, then give you my picks.

This is part of my Terris Recommends Business Services series. It pairs with my guides to company incorporation and corporate secretarial services. For the registered address question specifically, my guide to serviced and virtual offices in Singapore covers the ACRA rules and the Home Office Scheme.

What I look for in an audit firm

Beyond the brand, here is what actually matters when you choose an auditor.

  • Do you need one. First confirm whether you are exempt as a small company. If you are, you may not need a statutory audit at all, though you still prepare financial statements and file your annual return and tax.
  • ACRA-registered public accountant. A valid statutory audit can only be signed by an ACRA-registered public accountant through a registered firm. Ask for the signing accountant's name and verify it on the ACRA register.
  • The right tier for your size. A small owner-managed company does not need a Big Four firm. Boutiques offer lower fees and direct partner attention, mid-tier firms suit established SMEs and groups or an IPO plan, and the Big Four are for listed and complex entities.
  • Industry and niche experience. Some audits are specialised, such as a gross-turnover, charity or management-corporation audit. Choose a firm that knows your kind of engagement.
  • Fees and timeline. Ask for a clear fee quote and a realistic timeline, and understand what drives the cost, mainly your transaction volume, complexity and the state of your records.

One tip: good, clean bookkeeping through the year is the single biggest thing that keeps your audit fee down and your audit smooth.

How the best audit firms in Singapore compare

FirmTierBest for
RSM SingaporeMid-tierEstablished SMEs and groups
BDOMid-tierGrowing and listed companies
Baker TillyMid-tierIPO aspirants
Forvis MazarsMid-tierEuropean-linked MNCs
CroweMid-tierInternational clients
Foo Kon TanMid-tierRisk-based audits
Paul Wan & CoMid-tierSMEs to listed groups
Ackenting GroupBoutiqueSMEs wanting fast turnaround
PrecursorBoutiquePure-play SME audit
Koh & LimBoutiqueAffordable and niche audits
BestarBoutiqueFixed-fee SME audit

How much does a statutory audit cost in Singapore?

Fees track the firm tier and your complexity. Here is what to expect in 2026.

Firm typeTypical audit feeBest for
Boutique / SME firmAround S$1,500 to S$5,000Owner-managed SMEs
Mid-tier firmAround S$5,000 to S$15,000Established SMEs, groups, IPO track
Big FourS$15,000 and upListed, complex, fundraising

The main cost drivers are your transaction volume, group structure and how clean your records are, not just the firm's name. A boutique firm can audit a straightforward SME perfectly well and for far less than a Big Four firm, so match the tier to your actual needs.

1. RSM Singapore

RSM is my mid-tier pick for established SMEs and groups. It is the largest firm outside the Big Four here, so it offers Big-Four-comparable audit quality with mid-market fees, and it is a strong fit for family businesses, growing private companies, smaller listed entities and cross-border ASEAN work.

Best known for
The largest non-Big-Four firm, at mid-market fees
Tier
Mid-tier
ACRA registered
Yes, registered public accounting entity
Website
rsm.global

2. BDO

BDO is my pick for a growing or newly listed company. Often called Singapore's leading mid-tier firm, it delivers audit quality comparable to the Big Four for SGX-listed and fast-growing private companies, with a clean regulatory track record.

Best known for
A leading mid-tier firm for growing and listed companies
Tier
Mid-tier
ACRA registered
Yes
Website
bdo.com.sg

3. Baker Tilly

Baker Tilly is my pick for IPO aspirants. A top-ten firm here, it is a well-known choice for companies preparing to list, with strong capital-markets and IPO experience alongside its assurance and advisory work, plus a solid reputation in valuation and litigation support.

Best known for
Capital markets and IPO-track audits
Tier
Mid-tier
ACRA registered
Yes
Website
bakertilly.sg

4. Forvis Mazars

Forvis Mazars, formerly Mazars, is my pick for European-linked businesses. As a single integrated global network, it is particularly strong with European MNCs and fast-growing Asian startups, so if your company has European ownership or reporting needs, the cross-border alignment is valuable.

Best known for
European-linked MNCs and growing startups
Tier
Mid-tier
ACRA registered
Yes

5. Crowe

Crowe is my pick for an internationally connected mid-tier audit. A member of one of the larger global accounting networks, Crowe Singapore serves public-listed entities, MNCs and financial institutions, bringing international standards with a mid-tier fee profile.

Best known for
Internationally connected mid-tier audits
Tier
Mid-tier
ACRA registered
Yes
Website
crowe.com

6. Foo Kon Tan

Foo Kon Tan is my pick for a risk-based approach from an established name. Founded in 1968, it is one of the oldest practices here, part of the HLB global network, and it positions its audits as cost-effective and risk-based, focusing effort where it matters.

Best known for
Cost-effective, risk-based audits since 1968
Tier
Mid-tier
ACRA registered
Yes
Website
fookontan.com

7. Paul Wan & Co

Paul Wan & Co, or PWCO, is my pick for a firm spanning SMEs to listed groups. Part of the Morison Global network with 40-plus years of history, it audits both listed and non-listed companies and offers IPO advisory, ESG and even blockchain and crypto assurance.

Best known for
Audits from SMEs to listed groups
Tier
Mid-tier
ACRA registered
Yes
Website
pwco.com.sg

8. Ackenting Group

Ackenting Group is my pick for an SME that wants speed and strong reviews. A boutique, SME-first firm, it holds one of the best review records of any auditor here and markets a fast, KPI-driven audit turnaround, alongside accounting, tax and secretarial services.

Best known for
A well-reviewed SME audit with fast turnaround
Tier
Boutique, SME-focused
Google Rating
Strongly rated across 250+ reviews

9. Precursor

Precursor is my pick for a pure-play SME audit house. It is a dedicated audit and assurance firm for SMEs, giving you focused audit expertise without the overhead of a Big Four or large mid-tier firm, backed by ISCA membership, Singapore Quality Class certification and industry awards.

Best known for
A dedicated SME audit and assurance house
Tier
Boutique
ACRA registered
Yes

10. Koh & Lim Audit

Koh & Lim is my pick for an affordable audit with useful niches. A boutique public accounting corporation, it markets affordable SME audits and a fast response, and it handles specialised engagements like gross-turnover, charity, management-corporation and group audits that some firms shy away from.

Best known for
Affordable SME and niche audits
Tier
Boutique
ACRA registered
Yes, public accounting corporation
Website
kohlimaudit.sg

11. Bestar

Bestar rounds out the list as a fixed-fee SME auditor. It offers statutory audits with transparent fixed fees from around S$2,800 for active SMEs, alongside accounting, tax and incorporation, and it markets a data-analytics approach that tests full populations rather than samples.

Best known for
Fixed-fee SME audits with data analytics
Tier
Boutique
ACRA registered
Yes
Website
bestar-sg.com

How I put this list together

I focused on firms an SME would realistically engage, so I leaned towards mid-tier and boutique practices rather than only the Big Four, and I checked that each is an ACRA-registered firm able to sign statutory audits. I spread the list across tiers so you can match the firm to your size, complexity and budget.

Details are checked when I publish and revisited as things change. Always confirm the signing public accountant, verify the firm on ACRA, and get a clear fee quote and timeline before you appoint an auditor.

Does my Singapore company need to be audited?

Not necessarily. A private company is exempt from a statutory audit if it qualifies as a small company, which means meeting at least two of three criteria in each of the past two financial years: annual revenue of S$10 million or less, total assets of S$10 million or less, and 50 or fewer employees. For a group, the test is applied on a consolidated basis. If you qualify, you are exempt from the audit itself, though you still prepare financial statements, hold your AGM, and file your annual return and tax. Many small companies choose an audit anyway for banks, investors or tenders.

Who can legally sign a statutory audit in Singapore?

Only an ACRA-registered public accountant, signing through an ACRA-registered accounting entity, can perform and sign a valid statutory audit in Singapore. An audit signed by anyone who is not a registered public accountant is not a valid statutory audit, regardless of how it is presented. So before appointing a firm, ask for the name of the public accountant who will sign your audit and verify both the individual and the firm on the ACRA register. This is a simple, important check that protects you.

What is the difference between the Big Four and mid-tier audit firms?

The Big Four are the four largest global accounting networks, and they audit most listed companies, large corporates and complex or high-profile entities, at premium fees. Mid-tier firms, like RSM, BDO and Baker Tilly, offer audit quality that is comparable for most purposes at noticeably lower fees, and they are well suited to established SMEs, groups and companies heading towards a listing. Boutique firms serve smaller, owner-managed businesses with direct partner attention and the lowest fees. For most SMEs, a mid-tier or boutique firm is the right fit, and a Big Four firm is unnecessary unless you are listed or complex.

What are the small company audit exemption criteria in Singapore?

A private company qualifies for audit exemption as a small company if, for the immediate past two consecutive financial years, it meets at least two of these three thresholds: total annual revenue of not more than S$10 million, total assets of not more than S$10 million, and not more than 50 employees. A newly incorporated company can qualify based on its first year. If the company is part of a group, the whole group must also qualify as a small group on a consolidated basis. The framework applies to financial years beginning on or after 1 July 2015. The exemption removes only the audit requirement, not the duty to prepare financial statements and file returns.

Selling to businesses? The buyer researches you first

A company shortlisting audit firms in Singapore will look you up before anyone speaks to you, often several people independently.

They want to see relevant work, the certifications that apply, and some sign you have handled a company their size. B2B sites tend to be heavy on adjectives and light on proof, and that is the gap. I build websites for Singapore B2B firms that lead with the evidence, and I run the SEO so you show up for the specific searches procurement actually types.

If most of your pipeline is referral and you want inbound to pull its weight, tell me what you sell and I will give you a straight read.

The best audit firm in Singapore for you starts with whether you even need an audit, then matching the tier to your size. RSM and BDO are my mid-tier picks for established SMEs and growing companies, while Ackenting, Precursor and Koh & Lim are excellent boutiques for owner-managed businesses. Whichever you choose, confirm the signing public accountant is ACRA-registered and get a clear fee quote.

A good auditor at the right tier gives you credible accounts without overpaying, and keeps you compliant with the least fuss.

If you run an accounting or professional-services firm and your website is not bringing in enquiries, that is what I do. I design websites for businesses across Singapore. Get in touch for a free consultation.

Spotted something out of date in this guide? Suggest an edit or a business to add. This guide is pre-filled for you.
Sources and references (11)
  1. rsm.global › singapore
  2. bdo.com.sg
  3. bakertilly.sg
  4. forvismazars.com
  5. crowe.com › sg
  6. fookontan.com
  7. pwco.com.sg
  8. ag-singapore.com
  9. precursor.com.sg
  10. kohlimaudit.sg
  11. bestar-sg.com
Back to top

Professional Opinion-haver

Terris

Chief Recommender · I do the digging so you don't have to

I've built websites and run marketing for Singapore businesses full-time since 2018, across 290+ projects. That work has me talking to business owners every week, reading their reviews and seeing which providers actually deliver. Terris Recommends is where I turn that legwork into plain shortlists.

570+ articles written

I need a website designer

Share this guide

Need a website for your own business? Browse my work or get in touch about your project.

Terris Recommends

Think your business belongs on this list?

I only feature businesses I'd genuinely point a friend to. If that sounds like yours, put it forward and tell me what you do and why you're among the best in Singapore at it.

View the 11 picks now