About Centre For Accounting Studies Lesotho
By the year 2020, CAS shall be an autonomous training institution and a world class provider of professional accountancy and related services; and shall have contributed to the economic development in Lesotho.
Our business is to provide quality professional accountancy education and training for aspiring and professional accountants in the private and public sectors. This is achieved by using highly skilled personnel, modern technology and practices in an innovative way. We strive to be a proactive and responsive institution contributing to the country’s economy through the development and advancement of the accountancy profession.
The Centre for Accounting Studies, normally referred to as “CAS” or “The Centre”, was established in 1979 through a memorandum of understanding between the Government of Lesotho and the Government of Ireland. Its establishment was a result of a felt need to strengthen the Accountancy profession in Lesotho. CAS was handed over to the Government of Lesotho under the umbrella of the Ministry of Finance in September 2000.
CAS’s mandate is to provide tuition leading to the attainment of a professional accounting qualification, for both private and public sectors. CAS has fulfilled this mandate effectively since 1979 when it was established. This is evidenced by the fact that most top financial positions both in Public and Private Sectors are filled by graduates of CAS.
From 1979 until 2000, CAS provided tuition for the examinations of Lesotho Institute of Accountants (LIA) programme with its three tier qualifications Licensed Accountant, Registered Accountant and Chartered Accountant. From 2000 to date CAS has been providing tuition for the new Joint Scheme examination programme of LIA and the Association of Chartered Certified Accountants (ACCA) based in UK under a new three tier qualification of Technician Accountant, General Accountant and Chartered Accountant that replaced the old programme. Graduates under this new programme are recognised internationally under the ACCA brand.
Apart from providing tuition for professional Accountancy, CAS provides training through short term courses on various topics but notably in finance and management issues for private and public sectors and consultancy services. CAS has delivered several tailor-made courses on Finance for non-finance managers for a number of institutions including the Ministry of Communications, Science and Technology (MCST) and the Ministry of Public Service. Other courses on Financial Reporting and Budgeting have also been offered several times in the past. In 2007, CAS was identified to partner the Government of Lesotho in the Public Financial Management reforms as the trainer for the International Accounting qualification in public finance, known as CIPFA and CAS is currently running this program.