Industry Insights

The Asia-Pacific accountancy services market is today the fastest-growing region for the global accountancy networks, and is forecasted to reach US$43.4 billion by 2014 ¹.

Singapore, located in the heart of the Asia-Pacific region, is suitably poised to ride on the growth possibilities that are opening up for the accountancy sector. Not only is the city catering to domestic demand, it is also experiencing strong growth opportunities on the export of its professional services to the region.

There is a strong base of accountancy services firms in Singapore with international players such as PricewaterhouseCoopers, Ernst & Young, Deloitte and KPMG creating a land of opportunities for the accountancy profession.

¹Source: Datamonitor (2010). Accountancy in Asia-Pacific: Industry Profile.

Talent Demand
According to Robert Half's Asia-Pacific Salary Guide for 2010/2011, companies are taking the opportunity to rethink staffing strategies despite the ongoing uncertainty. Many are in fact ramping up their hiring in order to lure valuable talent and position themselves for growth.

Hiring demand for specific finance and accounting talent in Singapore is increasing in response to the promise of better times ahead. Specifically, most employers have indicated that they are recruiting finance and accounting staff to fill new positions with regional opportunities.

Some of the areas where talent is in demand for the accountancy services sector include audit, internal audit, risk management, business valuation and tax expertise. This is consistent with the Ministry of Manpower's job vacancies report released in January 2012, where budgeting and financial accounting managers were leading the list of top managerial openings. These roles are more commonly found in Wholesale & Retail Trade, Professional Services and Financial & Insurance Services industries.

Find out more about some of the companies that are currently hiring and check out their positions in our Hot Jobs side bar.

www.bakertillytfw.com

Baker Tilly TFW is an independent member of Baker Tilly International, the world's 8th largest accountancy and business advisory network by combined fee income of its independent members. It is represented by 149 independent firms in 125 countries with combined fee income of US$3.2bn and more than 24,000 people worldwide. Baker Tilly TFW is part of a network of firms which is a member of the Forum of Firms.

The independent member firms of Baker Tilly International believe in providing exceptional client services and they all adhere to the same high quality standards and share skills, resources and expertise to create best practises.

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Ernst & Young Singapore has a history of 121 years, with 100 partners and over 2,000 people offering assurance, tax, transaction and advisory services to a wide-ranging clientele base consisting of multinational companies, private companies and public sector organisations. The Singapore firm is part of an integrated Asia-Pacific Area, which comprises 27,000 people in 20 countries. The Asia-Pacific Area is led by a single executive team that works closely with our Americas, Europe, Middle East, India and Africa, and Japan Areas to provide our clients with truly integrated global service.

HOT JOBS

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