Country profile

Singapore

9 entries from 9 of our maps, in one place. Open a map to see Singapore beside the rest of the world.

Accounting News

Global regulatory & profession weekly updates.

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Scandals & RiskRegional2026-09-28

$2bn Glencore-linked lawsuit advances

Sapphire Minmetals is seeking to expedite a US$2 billion Singapore lawsuit against Glencore alleging fraud, breach of contract and conspiracy; Glencore denies the allegations. KPMG was appointed interim judicial manager of Radiant World amid questions over invoices and financial integrity.

Audit Oversight Bodies

Public audit-oversight bodies (POBs) and IFIAR membership by country

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IFIAR member

Accounting and Corporate Regulatory Authority (ACRA)

PAO: Institute of Singapore Chartered Accountants (ISCA) · 761 registered audit firms · 1253 registered auditors · IFIAR member. ACRA is the integrated regulator. Institute of Singapore Chartered Accountants (ISCA) is the PAO (voluntary)

Sustainability Framework Adoption

Sustainability-reporting standards adopted by country (ESRS, ISSB, GRI, TCFD)

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IFRS SDS (ISSB)

IFRS SDS

SGX-listed companies (climate mandatory); large non-listed (phased) · FY 2025 (listed, climate); some delays granted Q3 2025 · Singapore delayed application for some companies (Q3 2025)

Professional Accountancy Organisations

Accountancy bodies (PAOs) and their IFAC membership, by country

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IFAC member

Institute of Singapore Chartered Accountants (ISCA)

IFAC member · ASEAN Federation of Accountants (AFA) · Founded 1963

Members: 43,000 · Market penetration: 0.7167

Company Registry Portals

Where company financial statements are filed and published, by country

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All entities

ACRA – Bizfile+ (Accounting & Corporate Regulatory Authority)

All Singapore incorporated companies; exempt private companies (EPC) may file with limited disclosure · Annual returns and financial statements filed with ACRA; some public access; listed also via SGX

Accountant & Auditor Salaries

Gross annual pay of accountants and external auditors, in US dollars (2026)

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$50,000 and over

Accountant: $52,383 a year

  • Accountant: $52,383 a year (official occupational statistics)
  • External auditor: $55,472 a year (modelled estimate)
  • Average for all jobs: $54,384 a year

Modelled values use global occupational multipliers; use as directional estimates.

Gross pay in nominal US dollars (2026), not adjusted for living costs.

Country Challenges

The main challenge for accounting and audit in each country, from public evidence (2026)

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Skills & workforce

Talent shortage

  • Evidence: Direct evidence — the selected source reports this issue directly
  • Scope: Accounting and audit

ISCA identifies declining accounting graduate numbers and pressure to meet additional workforce demand.

Source: Content Item (professional body)

Annual Report Awards

National & global awards for the best annual reports and corporate reporting

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National

Singapore Corporate Awards – Best Annual Report Award

ISCA, Singapore Institute of Directors and The Business Times · Annual report; corporate reporting · Listed companies / Singapore corporate reporting ecosystem

GDP per Capita

GDP per capita (current US$), 2025 — World Bank Open Data

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High income · over $14,005

$98,814

GDP per capita (current US$), 2025 · High income · over $14,005

Business opportunities

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Not on these maps yet: Accounting History.

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