Singapore’s accountancy sector adds jobs, raises pay as firms prepare workers for AI

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Singapore accountancy sector adds jobs and pay as firms prepare workers for AI, with new training and flexible roles. Read more at straitstimes.com.

Singapore’s accountancy sector’s workforce grew by 579 positions, or 2.7%, from 21,783 in 2024 to 22,362 in 2025.

SINGAPORE – Singapore’s accountancy sector added jobs and raised median salaries across all surveyed seniority levels in 2025, even as artificial intelligence changes the work accountants do and the skills they need.

The sector’s workforce grew by 579 positions, or 2.7%, from 21,783 in 2024 to 22,362 in 2025, while revenue increased 5.1% to about $3.7 billion over the same period, according to the Accounting and Corporate Regulatory Authority’s (ACRA) Accounting Entities Survey 2026.

Accounting entities reported more than 1,200 job opportunities, around 80% of them in audit and assurance and business advisory services.

The growth comes as firms face the challenge of preparing employees for work that increasingly involves reviewing AI-generated analyses and making decisions based on them.

As routine tasks are automated, employers must consider how young accountants will develop the judgment traditionally gained through such work, said Acting Minister for Manpower Jasmin Lau in her speech at the Institute of Singapore Chartered Accountants (ISCA) Conference at Sands Expo and Convention Centre on Nov 11.

Reconciliations and first drafts are among the tasks AI is starting to handle, but they have also helped juniors traditionally learn their craft, she added.

Reconciliation involves comparing financial records and investigating any differences, while first drafts are initial versions of documents, such as reports, that require review.

“As firms automate these tasks, I hope they will think about how juniors can still develop a feel for when something does not look right,” Lau said.

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