LEGAL BACKGROUND AND RAISON D’ETRE 

The Lesotho Institute of Accountants (L.I.A.) was established by the Accountants Act of 1977, which gives the Institute the mandate of regulating the Accountancy practice in Lesotho.  This responsibility can further be broken down into the following functions:

      To determine the qualifications of persons for admission as members:

      To provide training, educational and examination by the Institute or any other body of persons practising or intending to practice the profession of accountancy:

      To set the standards and rules governing the practice and ensure that compliance with these is maintained