Ato Spotlight by UHY Lee Seng Chan

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With its corporate shades of blue and green, UHY Lee Seng Chan comes with an esteemed history. It is a family business that is now sprawled across 3 countries with plans to expand operations in the region with globalised yet localised services

UHY Lee Seng Chan has come a long way since its inception in 1967. It has grown from a 5-manned firm to a thriving and established organisation with over 200 staff in 5 offices. These offices are spread out in Singapore, Malaysia and China (Shanghai).

Under the prestigious UHY Network, UHY Lee Seng Chan is not just resting on the laurels of this accounting and consultancy network, which is incidentally ranked 25th in the world by fee income.

Multi-disciplinary & Focused

The firm has 10 partners who look after a multitude of professional services such as audit and assurance, income tax advisory, internal audit and risk management, corporate finance, China Business Desk and IT and business consulting.

Even though there is a wide spectrum of services offered, the division of work among the 10 partners, which includes Mr Lee Sen Choon, Head of Audit and Mr Lee Seng Suan, Head of Tax, the focus of the firm has never been clearer – a client-oriented approach.

Loyal Clients

Perhaps, the most accurate description of a company stems from none other than its most important stakeholders – their clients.  UHY Lee Seng Chan is the first firm in the ATO Spotlight to feature their customers.

Analabs, a consultancy and laboratory services in Kaki Bukit has been utilising their services for many years. An especially memorable working experience with UHY Lee Seng Chan was the period when they were trying to enter the China market (specifically Wuxi). The firm was roped in to help with the initial setup regarding compliance, reporting and auditing procedures, which to a new venture in a new environment, can be an intimidating experience.

Managing Director of Analabs, Mr Chua Boon Chun, voiced his opinions of the firm, saying, “UHY Lee Seng Chan places a strong emphasis on reliability and credibility, allowing our company to fully concentrate on our business.”

Mr Jeremy Fong, Managing Director of Fong’s Engineering, another of the firm’s clients and one of Singapore’s leading high precision engineering companies, agrees, “Even though I have only known the firm for 5 to 6 years, with their strong background in audit and international network, I can only keep recommending them to other organisations!”

 

A people’s firm

While we look outwards for gratification, one must also look inwards for feedback to improve oneself. UHY Lee Seng Chan’s staff has widely varied backgrounds but are armed with similar praises for the firm that has groomed them since the day they stepped in.

Take Mr Vincent Tang, a senior manager who hails from one of the Big 4. He is grateful for UHY Lee Seng Chan on its family-friendly policy which allows him to juggle family and work commitments. Another fine example is Ms Christina Tee, who has worked with the firm for an astounding 44 years. She cited her journey with the firm as happy, satisfying and memorable, especially when she could see ideas being implemented to create the UHY Lee Seng Chan as it is today. That and the fact that she saw through numerous office location changes – from South Bridge Road to Keypoint to its present address, The Concourse.

The 69th ATO

As one of the Accredited Training Organisations (ATOs), UHY Lee Seng Chan is fully committed to encourage staff to participate in activities organised by the Singapore Accountancy Commission (SAC).

Mr Lee Sen Choon says, “Being accredited helps in attracting more and better candidates. We hope to leverage on the resources provided by the SAC to retain quality staff, keep abreast of sector developments and contribute to the development of sound practices in the accountancy profession.”

Non-accountancy graduates – Leading by example

Armed with a degree in Science, Mr Lee Sen Choon switched profession by taking up the UK chartered accountancy. Now a senior partner in charge of audit as well as the firm’s training principal for the Singapore QP, he is a strong believer in going for what you want as long as you have the passion and aptitude to succeed.

With more than 8 approved mentors in the firm and following a structured training programme, Singapore QP candidates in the firm will find themselves in a favourable position to work towards the Chartered Accountant of Singapore qualification.

The firm has so far recruited 4 UniSIM graduates who have expressed keen interest in pursuing the Singapore QP in January 2014 and is looking to hire both accountancy and non-accountancy graduates.

Overseas Exposure – Fulfiling your personal aspirations

If you are keen on overseas rotation, UHY Lee Seng Chan provides attachments to overseas offices such as China. Says Mr Lee Seng Suan, Head of Tax in the firm with over 45 years in the industry, “We cover almost all Asian countries on a varied portfolio such as manufacturing, trading, logistics and property development.”

“More importantly, there are no restrictions in years of service for staff to be able to be assigned overseas. Possessing overseas working exposure will help staff to work and think globally and enable them to serve our clients on an international basis.”

For today’s Generation Y professionals who most value the experience of acquiring skills and making friends/connections in a different environment while fulfiling their own personal aspirations, UHY Lee Seng Chan is indeed a great place to make their mark in.

To learn more about UHY Lee Seng Chan, visit their homepage and their personal page on the Singapore QP website.

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