Auditor Quality Score

Audit independence and quality analysis for SGX-listed companies. Flags high non-audit fee ratios, overdue partner rotations, and fee spikes that may indicate auditor independence concerns.

Companies Tracked

with auditor fee data

Avg Non-Audit Ratio

1810.5%

Above 30% threshold

Big 4 Share

86%

32 of 37 companies

Red Flags

non-audit ratio >30%

Auditor Market Share

KPMGBig 4

13 clients

$146.7M

PwCBig 4

9 clients

$47.8M

DeloitteBig 4

6 clients

$7.7M

EYBig 4

4 clients

$24.3M

RSM SG Assurance LLP

1 client

$298K

Not specified in provided text

1 client

$316K

CLA

1 client

$510K

Moore Global Network Limited

1 client

$547K

Not specified in document

1 client

$33.6M

Company Audit Risk Table

Ticker	Company	Auditor	Audit Fees	Non-Audit %	Fee Trend	Grade
Q0F	IHH Healthcare Berhad	KPMG	$2,000,000	8333.0%	-	C
CC3	StarHub Ltd	KPMG	$1,400,000	6316.0%	-	C
BS6	Yangzijiang Shipbuilding Holdings Ltd	PwC	$823,500	5912.0%	-	C
BQF	Mewah International Inc	PwC	$485,000	5222.0%	-	C
J69U	Frasers Centrepoint Trust	KPMG	$318,400	3050.0%	-	C
C52	ComfortDelGro Corporation Ltd	EY	$1,500,000	2857.0%	-30.0%	C
A7RU	Keppel Infrastructure Trust	KPMG	$1,643,000	2589.0%	-	C
U11	United Overseas Bank Ltd	EY	$1,000,000	2537.0%	-	C
C09	City Developments Ltd	KPMG	$7,645,000	2425.0%	-	C
OV8	Sheng Siong Group Ltd	KPMG	$280,000	2350.0%	-	C
M1GU	Sabana Industrial REIT	Not specified in provided text	$248,850	2135.0%	-	C
1J5	Hyphens Pharma International Ltd	RSM SG Assurance LLP	$235,400	2113.0%	+2.0%	C
S68	Singapore Exchange Ltd	KPMG	$1,720,000	2063.0%	-	C
5E2	Seatrium Ltd	KPMG	$3,547,000	2029.0%	+60.0%	D
C07	Jardine Cycle & Carriage Ltd	PwC	$8,100,000	1818.0%	-	C
T14	Tuan Sing Holdings Ltd	Deloitte	$657,000	1662.0%	-5.2%	C
Z74	Singapore Telecommunications Ltd	KPMG	$6,200,000	1622.0%	-	C
CWCU	CapitaLand India Trust	Deloitte	$814,000	1479.0%	-	C
1B0	mm2 Asia Ltd	CLA	$435,000	1471.0%	-	C
T6I	Tiong Seng Holdings Ltd	KPMG	$513,000	1421.0%	-	C
EMI	Emperador Inc	Not specified in document	$29,560,072	1214.0%	-	C
A17U	CapitaLand Ascendas REIT	EY	$1,196,000	1199.0%	-	C
9CI	CapitaLand Investment Ltd	KPMG	$8,300,000	879.0%	-2.2%	C
D05	DBS Group Holdings Ltd	PwC	$11,000,000	833.0%	0.0%	C
VC2	Olam Group Ltd	EY	$18,045,000	767.0%	-	C
H30	Hutchison Port Holdings Trust	PwC	$17,353,000	572.0%	-	C
AU8U	CapitaLand China Trust	Deloitte	$632,564	524.0%	-	C
HMN	Ascott Residence Trust	Deloitte	$3,509,000	483.0%	-	C
C38U	CapitaLand Integrated Commercial Trust	Deloitte	$878,287	425.0%	-4.6%	C
S63	Singapore Technologies Engineering Ltd	PwC	$3,134,000	258.0%	-45.5%	C
Y92	Thai Beverage Public Company Ltd	KPMG	$92,100,000	171.0%	+26.1%	D
5WH	Rex International Holding Ltd	Deloitte	$708,100	145.0%	-	C
H02	Haw Par Corporation Ltd	PwC	$343,000	115.0%	-	C
DCRU	Digital Core REIT	KPMG	$400,000	0.0%	-	A
YK9	Yangzijiang Financial Holding Ltd	PwC	$468,000	0.0%	-4.7%	A
YF8	YZJ Financial Holdings Ltd	PwC	$468,000	0.0%	-4.7%	A
I07	ISDN Holdings Ltd	Moore Global Network Limited	$547,000	0.0%	-	A

Auditor Concentration

Big 4 vs Mid-Tier

Big 4: 32

Mid-tier: 5

Big 4 (86%) Mid-tier (14%)

Avg Non-Audit Ratio by Firm

KPMG

2557.5%

n=13

Not specified in provided text

2135.0%

n=1

RSM SG Assurance LLP

2113.0%

n=1

1840.0%

n=4

PwC

1636.7%

n=9

CLA

1471.0%

n=1

Not specified in document

1214.0%

n=1

Deloitte

786.3%

n=6

Moore Global Network Limited

n=1

30% non-audit threshold shown by colour: green (clean), amber (caution), red (flagged).

Analysis presented is based on available data and disclosed methodology. Observations may not account for all relevant factors. This content is provided for educational and informational purposes only.

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