LESOTHO INSTITUTE OF ACCOUNTANTS / CHARTERED INSTITUTE PUBLIC FINANCE AND ACCOUNTANCY EXAMINATIONS

Brief introduction

Lesotho Institute of Accountants (LIA), Center for Accounting Studies (CAS) together with Chartered Institute of Public Finance and Accountancy (CIPFA) are jointly working together to equip accountants in the public sector.

The three organisations are jointly offering a qualification in public sector accounting called the Chartered Public Sector Finance and Accountancy Qualification

The aim of this qualification is to strengthen the public finance administration with relevant and appropriate skills. This program is fully financed by the government of Lesotho through the Ministry of Finance. LIA and CIPFA have the full responsibility registering students and administering examinations while CAS provide tuition.

The Center for Accounting Studies as the main tuition provider, also determines the admission requirements for eligible students to pursue the programme.

The Qualification

The qualification has four levels, each of which marks completion stage and certification. the four levels are comprised of a total twelve (12) examination papers to be sat as shown below:

Certificate in International Public Finance Management
Financial Accounting
Management Accounting
Public Finance Management
Diploma in International Public Finance Management
Public Sector Finance Reporting
Audit and Assurance
Financial Management
Business and Change Management
Advanced Diploma in International Public Finance Management
Governance, Public Policy and Ethics
Public Finance
Strategy and Policy Development
Company Financial Reporting
Strategic level
Strategic Public Finance
Strategic Case Study

Exam Sessions

The Lesotho Institute of Accountants currently administers two exam sessions:

June exam session
December exam session

Exam delivery method

LIA and CIPFA offer paper based exams (PBE) at a designated center.