Singapore's accountancy sector revenue rises 5.1 pct to 2.89 bln USD in 2025
Detailed summary
Singapore's accountancy sector total revenue rose by 5.1 percent to approximately 3.7 billion Singapore dollars (about 2.89 billion U.S. dollars) in 2025, from about 3.5 billion…
SINGAPORE, Nov. 11 (Xinhua) -- Singapore's accountancy sector total revenue rose by 5.1 percent to approximately 3.7 billion Singapore dollars (about 2.89 billion U.S. dollars) in 2025, from about 3.5 billion Singapore dollars in 2024, a survey showed on Wednesday.
Growth was led by business advisory services, which recorded a yearly increase of 12.9 percent, the Accounting and Corporate Regulatory Authority (ACRA) said in its latest survey.
Audit and assurance services followed, with revenue rising by 3.3 percent annually. Audit and assurance remained the largest service category, accounting for nearly half of the sector's total revenue.
Meanwhile, revenue from tax advisory and compliance services increased by 3 percent.
The accountancy workforce also expanded by 579 positions, or 2.7 percent, to 22,362 in 2025, compared with 21,783 in 2024. ■
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