[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"detail-sidebar-cat-1-en-105":3,"doc-seo-179532-105":53,"doc-detail-179532-en":126},{"code":4,"msg":5,"data":6},0,"success",[7,14,19,24,29,34,39,44,49],{"id":8,"doc_module":9,"doc_module_name":10,"category_name":11,"show_sort_weight":12,"slug":13},11,1,"Template","Presentations",90,"presentations",{"id":15,"doc_module":9,"doc_module_name":10,"category_name":16,"show_sort_weight":17,"slug":18},12,"Resumes",80,"resumes",{"id":20,"doc_module":9,"doc_module_name":10,"category_name":21,"show_sort_weight":22,"slug":23},14,"Invoices",70,"invoices",{"id":25,"doc_module":9,"doc_module_name":10,"category_name":26,"show_sort_weight":27,"slug":28},15,"Posters",60,"posters",{"id":30,"doc_module":9,"doc_module_name":10,"category_name":31,"show_sort_weight":32,"slug":33},16,"Social Media",50,"social-media",{"id":35,"doc_module":9,"doc_module_name":10,"category_name":36,"show_sort_weight":37,"slug":38},17,"Forms",40,"forms",{"id":40,"doc_module":9,"doc_module_name":10,"category_name":41,"show_sort_weight":42,"slug":43},18,"Letters",30,"letters",{"id":45,"doc_module":9,"doc_module_name":10,"category_name":46,"show_sort_weight":47,"slug":48},21,"Paper Templates",5,"papers-templates",{"id":50,"doc_module":9,"doc_module_name":10,"category_name":51,"show_sort_weight":4,"slug":52},158,"General","general-158",{"code":4,"msg":54,"data":55},"ok",{"site_id":56,"language":57,"slug":58,"title":59,"keywords":60,"description":61,"schema_data":62,"social_meta":119,"head_meta":121,"extra_data":123,"updated_unix":125},105,"en","practice-bylaws-foreword-introduction","Practice Bylaws - Foreword - Introduction","","Practice Bylaws define how the Lesotho Institute of Accountants regulates the practice of the accountancy profession in Lesotho, supporting the Institute’s public protection mandate. The foreword explains the legal foundation under the Accountants Act No. 9 of 1977 and references provisions enabling the Institute to develop and distribute standards. The text also clarifies governance processes, approval by AGM, and review timing, while highlighting risks from unregistered practitioners.",{"@graph":63,"@context":118},[64,80,101],{"@type":65,"itemListElement":66},"BreadcrumbList",[67,71,74,77],{"item":68,"name":69,"@type":70,"position":9},"https://docshare.wps.com","Home","ListItem",{"item":72,"name":10,"@type":70,"position":73},"https://docshare.wps.com/template/",2,{"item":75,"name":41,"@type":70,"position":76},"https://docshare.wps.com/template/letters/",3,{"item":78,"name":59,"@type":70,"position":79},"https://docshare.wps.com/template/practice-bylaws-foreword-introduction/179532/",4,{"url":78,"name":59,"@type":81,"image":82,"author":87,"headline":59,"publisher":90,"fileFormat":93,"inLanguage":57,"description":61,"dateModified":94,"datePublished":95,"encodingFormat":93,"isAccessibleForFree":96,"interactionStatistic":97},"DigitalDocument",{"url":83,"@type":84,"width":85,"height":86},"https://docshare.wps.com/thumbnails/practice-bylaws-foreword-introduction/179532.png","ImageObject",442,249,{"name":88,"@type":89},"River Wang","Person",{"url":68,"name":91,"@type":92},"DocShare","Organization","application/vnd.openxmlformats-officedocument.wordprocessingml.document","2026-10-19","2026-09-02",true,{"@type":98,"interactionType":99,"userInteractionCount":47},"InteractionCounter",{"@type":100},"ViewAction",{"@type":102,"mainEntity":103},"FAQPage",[104,110,114],{"name":105,"@type":106,"acceptedAnswer":107},"What legal basis supports the Institute’s power to develop bylaws?","Question",{"text":108,"@type":109},"The bylaws are grounded in the Accountants Act No. 9 of 1977 and the Institute’s authority to regulate and administer the profession. The companies Act 2011 also references the Institute’s power to develop standards for companies operating in Lesotho.","Answer",{"name":111,"@type":106,"acceptedAnswer":112},"How are the bylaws developed, approved, and brought into force?",{"text":113,"@type":109},"The Secretariat develops and/or initiates the bylaws on behalf of the Council, and the AGM approves them. They enter into force on the AGM approval date and may be reviewed every two years or when necessary.",{"name":115,"@type":106,"acceptedAnswer":116},"Why does the Institute emphasize regulation of practicing accountants?",{"text":117,"@type":109},"Unregistered accountants may present themselves as practicing members of LIA to the public, creating significant risk to the LIA Secretariat and limiting streamlined discharge of its public protection mandate.","https://schema.org",{"og:url":78,"og:type":120,"og:title":59,"og:site_name":91,"og:description":61},"article",{"robots":122,"canonical":78},"index,follow",{"doc_id":124,"site_id":56},179532,1790217568,{"code":4,"msg":5,"data":127},{"doc_id":124,"user_id":128,"nickname":88,"user_avatar":129,"doc_module":9,"category_id":40,"category_name":41,"doc_title":59,"doc_description":61,"doc_content":130,"file_id":131,"file_url":132,"file_type":133,"file_size":134,"view_count":47,"is_deleted":4,"is_public":9,"is_downloadable":9,"audit_status":9,"page_count":135,"language":136,"language_code":57,"site_id":56,"html_lang":57,"table_of_contents":137,"faqs":138,"seo_title":139,"seo_description":61,"update_tm":140,"read_time":40},1099514067438,"https://ap-avatar.wpscdn.com/avatar/100002539ee87300030?x-image-process=image/resize,m_fixed,w_180,h_180&k=1780474512215547542","Practice Bylaws\n1st Edition – Published 2024\n\u0003Contents\n\u0013 TOC \\o \"1-3\" \\h \\z \\u \u0014\u0013 HYPERLINK \\l \"_Toc158803766\" \u0014Foreword\t\u0013 PAGEREF _Toc158803766 \\h \u00143\u0015\u0015\n\u0013 HYPERLINK \\l \"_Toc158803767\" \u0014Introduction\t\u0013 PAGEREF _Toc158803767 \\h \u00144\u0015\u0015\n\u0013 HYPERLINK \\l \"_Toc158803768\" \u00141.\tScope\t\u0013 PAGEREF _Toc158803768 \\h \u00145\u0015\u0015\n\u0013 HYPERLINK \\l \"_Toc158803769\" \u00142.\tNormative references\t\u0013 PAGEREF _Toc158803769 \\h \u00145\u0015\u0015\n\u0013 HYPERLINK \\l \"_Toc158803770\" \u00143.\tTerms and definitions\t\u0013 PAGEREF _Toc158803770 \\h \u00146\u0015\u0015\n\u0013 HYPERLINK \\l \"_Toc158803771\" \u00144.\tAcronym list\t\u0013 PAGEREF _Toc158803771 \\h \u00147\u0015\u0015\n\u0013 HYPERLINK \\l \"_Toc158803772\" \u00145.\tLicensing\t\u0013 PAGEREF _Toc158803772 \\h \u00148\u0015\u0015\n\u0013 HYPERLINK \\l \"_Toc158803773\" \u00146.\tIndependent Regulatory Committee for Accountants and Auditors\t\u0013 PAGEREF _Toc158803773 \\h \u00148\u0015\u0015\n\u0013 HYPERLINK \\l \"_Toc158803774\" \u00147.\tPractice Designation\t\u0013 PAGEREF _Toc158803774 \\h \u00149\u0015\u0015\n\u0013 HYPERLINK \\l \"_Toc158803775\" \u00148.\tPractice License Renewal\t\u0013 PAGEREF _Toc158803775 \\h \u00149\u0015\u0015\n\u0013 HYPERLINK \\l \"_Toc158803776\" \u00149.\tPractice Restrictions\t\u0013 PAGEREF _Toc158803776 \\h \u001410\u0015\u0015\n\u0013 HYPERLINK \\l \"_Toc158803777\" \u001410.\tQuality Assurance Reviews and Practice Inspections\t\u0013 PAGEREF _Toc158803777 \\h \u001410\u0015\u0015\n\u0013 HYPERLINK \\l \"_Toc158803778\" \u001411.\tProfessional Indemnity Insurance (PII)\t\u0013 PAGEREF _Toc158803778 \\h \u001411\u0015\u0015\n\u0013 HYPERLINK \\l \"_Toc158803779\" \u001412.\tTerms of engagement\t\u0013 PAGEREF _Toc158803779 \\h \u001411\u0015\u0015\n\u0013 HYPERLINK \\l \"_Toc158803780\" \u001413.\tBusiness Continuity Partner (BCP)\t\u0013 PAGEREF _Toc158803780 \\h \u001411\u0015\u0015\n\u0013 HYPERLINK \\l \"_Toc158803781\" \u001414.\tComplaints Handling Procedure\t\u0013 PAGEREF _Toc158803781 \\h \u001412\u0015\u0015\n\u0013 HYPERLINK \\l \"_Toc158803782\" \u001415.\tMoney Laundering and Proceeds of Crimes Act, 2008\t\u0013 PAGEREF _Toc158803782 \\h \u001413\u0015\u0015\n\u0013 HYPERLINK \\l \"_Toc158803783\" \u001416.\tComply with LIA’s Code of Ethics\t\u0013 PAGEREF _Toc158803783 \\h \u001413\u0015\u0015\n\u0013 HYPERLINK \\l \"_Toc158803784\" \u001417.\tContinuing Professional Development (CPD)\t\u0013 PAGEREF _Toc158803784 \\h \u001413\u0015\u0015\n\u0013 HYPERLINK \\l \"_Toc158803785\" \u001418.\tQuality Manual and policies\t\u0013 PAGEREF _Toc158803785 \\h \u001414\u0015\u0015\n\u0013 HYPERLINK \\l \"_Toc158803786\" \u001419.\tMandatory Audit Practices/ Partners Rotation of PIE\t\u0013 PAGEREF _Toc158803786 \\h \u001415\u0015\u0015\n\u0013 HYPERLINK \\l \"_Toc158803787\" \u001420.\tDocuments Retention\t\u0013 PAGEREF _Toc158803787 \\h \u001416\u0015\u0015\n\u0013 HYPERLINK \\l \"_Toc158803788\" \u001421.\tPractice File Archive\t\u0013 PAGEREF _Toc158803788 \\h \u001416\u0015\u0015\n\u0013 HYPERLINK \\l \"_Toc158803789\" \u001422.\tComplaints\t\u0013 PAGEREF _Toc158803789 \\h \u001416\u0015\u0015\n\u0013 HYPERLINK \\l \"_Toc158803790\" \u001423.\tDisciplinary\t\u0013 PAGEREF _Toc158803790 \\h \u001416\u0015\u0015\n\u0013 HYPERLINK \\l \"_Toc158803791\" \u001424.\tPenalties and Sanctions\t\u0013 PAGEREF _Toc158803791 \\h \u001416\u0015\u0015\n\u0013 HYPERLINK \\l \"_Toc158803792\" \u001425.\tCessation of membership\t\u0013 PAGEREF _Toc158803792 \\h \u001416\u0015\u0015\n\u0013 HYPERLINK \\l \"_Toc158803793\" \u001426.\tPublication of active and sanctioned members\t\u0013 PAGEREF _Toc158803793 \\h \u001418\u0015\u0015\n\u0013 HYPERLINK \\l \"_Toc158803794\" \u001427.\tRehabilitation\t\u0013 PAGEREF _Toc158803794 \\h \u001418\u0015\u0015\n\u0013 HYPERLINK \\l \"_Toc158803795\" \u001428.\tApplication for Readmission to membership\t\u0013 PAGEREF _Toc158803795 \\h \u001419\u0015\u0015\n\u0013 HYPERLINK \\l \"_Toc158803796\" \u001429.\tAppeal\t\u0013 PAGEREF _Toc158803796 \\h \u001420\u0015\u0015\n\u0013 HYPERLINK \\l \"_Toc158803797\" \u001430.\tTraining Partner of LIA\t\u0013 PAGEREF _Toc158803797 \\h \u001421\u0015\u0015\n\u0013 HYPERLINK \\l \"_Toc158803798\" \u001431.\tMarketing & Advertising\t\u0013 PAGEREF _Toc158803798 \\h \u001421\u0015\u0015\n\u0013 HYPERLINK \\l \"_Toc158803799\" \u001432.\tAnnual Practice Management Survey and analysis\t\u0013 PAGEREF _Toc158803799 \\h \u001423\u0015\u0015\n\u0013 HYPERLINK \\l \"_Toc158803800\" \u001433.\tANNEX 1 SAMPLE AUDIT ENGAGEMENT LETTER\t\u0013 PAGEREF _Toc158803800 \\h \u001423\u0015\u0015\n\u0013 HYPERLINK \\l \"_Toc158803801\" \u001434.\tANNEX 2 - SAMPLE ENGAGEMENT LETTER- NON-AUDIT ENGAGEMENTS\t\u0013 PAGEREF _Toc158803801 \\h \u001428\u0015\u0015\n\u0013 HYPERLINK \\l \"_Toc158803802\" \u001435.\tANNEX 3- SCHEDULE OF SERVICES\t\u0013 PAGEREF _Toc158803802 \\h \u001433\u0015\u0015\n\u0013 HYPERLINK \\l \"_Toc158803803\" \u001436.\tANNEX 4 - BUSINESS CONTINUITY PARTNER AGREEMENT\t\u0013 PAGEREF _Toc158803803 \\h \u001434\u0015\u0015\n\u0013 HYPERLINK \\l \"_Toc158803804\" \u001437.\tANNEX 5– COMPLAINTS PROCEDURE\t\u0013 PAGEREF _Toc158803804 \\h \u001439\u0015\u0015\n\u0013 HYPERLINK \\l \"_Toc158803805\" \u001438.\tANNEX 6--PRACTITIONER’S ANNUAL RETURN FORM\t\u0013 PAGEREF _Toc158803805 \\h \u001441\u0015\u0015\n\u0013 HYPERLINK \\l \"_T","cbCaigrxt3Jkplde","https://ap.wps.com/l/cbCaigrxt3Jkplde","docx",148050,52,"English","# Foreword\n## Introduction\n## 1. Scope\n## 2. Normative references\n## 3. Terms and definitions\n## 4. Acronym list\n## 5. Licensing\n## 6. Independent Regulatory Committee for Accountants and Auditors\n## 7. Practice Designation\n## 8. Practice License Renewal\n## 9. Practice Restrictions\n## 10. Quality Assurance Reviews and Practice Inspections\n## 11. Professional Indemnity Insurance (PII)\n## 12. Terms of engagement\n## 13. Business Continuity Partner (BCP)\n## 14. Complaints Handling Procedure","[{\"question\":\"What legal basis supports the Institute’s power to develop bylaws?\",\"answer\":\"The bylaws are grounded in the Accountants Act No. 9 of 1977 and the Institute’s authority to regulate and administer the profession. The companies Act 2011 also references the Institute’s power to develop standards for companies operating in Lesotho.\"},{\"question\":\"How are the bylaws developed, approved, and brought into force?\",\"answer\":\"The Secretariat develops and/or initiates the bylaws on behalf of the Council, and the AGM approves them. They enter into force on the AGM approval date and may be reviewed every two years or when necessary.\"},{\"question\":\"Why does the Institute emphasize regulation of practicing accountants?\",\"answer\":\"Unregistered accountants may present themselves as practicing members of LIA to the public, creating significant risk to the LIA Secretariat and limiting streamlined discharge of its public protection mandate.\"}]","Practice Bylaws - Foreword - Introduction | DOCX",1788337330]