Deloitte and KPMG are raising salaries in Singapore to attract talent to the accounting sector. Deloitte will increase starting pay by up to 20% for new graduates, with first-year audit associates earning SGD4,500 (USD3,348) a month from September 1. Other first-year auditors will receive SGD4,100. KPMG will invest SGD30m to raise salaries for eligible employees in audit, tax, and enterprise risk services from October, following a 20% pay hike in 2022. These moves follow a report by the Finance Ministry’s Accountancy Workforce Review Committee, recommending higher salaries, skill development, and more pathways for non-accounting graduates. KPMG will invest over SGD100m in salary adjustments, technology, and talent development, while Deloitte will invest SGD62m in audit talent over the next five years.