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Derek Li
Audit Partner
Fiona Sheng
Tax Partner
Audit Partner
Tax Partner
Derek Li is a public accountant and a chartered accountant. He is a seasoned audit professional with over 18 years of experience delivering audit and assurance services to SGX-listed entities and multinational corporations across a wide range of industries.
He began his career with PwC Singapore, where he started in the financial services group auditing investment funds and brokerages. During his tenure, he was seconded to Credit Suisse, where he contributed to the Basel reporting team, deepening his expertise in regulatory reporting and compliance. Derek subsequently served as the Asia Pacific lead manager for group audits, with a sector focus on transportation and logistics in the general assurance group.
Following his time at PwC, Derek assumed leadership roles in mid-tier accounting firms, where he managed audit engagements spanning diverse sectors, including education, commodities, healthcare, shipping, information technology, manufacturing, professional services, and trading. His client portfolio consistently included SGX-listed companies and multinational groups.
Prior to joining MilleniaTech Assurance PAC as Audit Partner, Derek held the position of Audit Director at BDO LLP.
As part of his commitment to continuous professional development, Derek is currently completing the capstone module of the Chartered Valuer and Appraiser Programme, driven by his interest in deepening his knowledge in business valuation.
Fiona has over 10 years of experience in corporate, personal and indirect tax, providing compliance and advisory services to a broad range of industries, including, investment companies, Single Family Offices (“SFO”) and Variable Capital Companies (“VCC”), shipping, property developer and others with tax incentives (DEI, GTP, MSI-AIS).
She has extensive experience addressing tax queries with Singapore tax authority. Fiona also has track record with IRAS compliance audit, application of VDP, stamp duty relief and withholding tax issues.
A key highlight of her career is helping a client re court appeal against Controller of Income Tax to Income Tax Board of Review (ITBR) until pre-trial conferences (PTC) for a disputed tax payable of SGD2.6 million.
In her last position, she expends company’s services into FATCA/CRS registration and filings for investment clients: SFO, VCC, CMS companies etc, as well as MASNET annual declaration.
Cases handled by Ms Fiona include: Wilmar group, Lippo group, Nanshan group, iQIYI, Bakrie group, Novozymes, Jangho Group, China Merchant groups, Pacific Gas, Chalco Trading, Worldwide Logistics Group, ZTE, NFC, Oriental Merchant, Global Car Group, Kaldwei, ADVA, Kuaishou, CIMC group etc.