Find Accountancy, Audit and Tax expertise in Lesotho

Overview

Lesotho possesses a variety of small accountancy firms in the capital, Maseru. Despite none of the ‘Big Four’ firms having an established presence, KPMG in South Africa undertakes assignments in the country. Lesotho is part of the International Federation of Accountants (IFAC), which works in conjunction with the International Accounting Standards Board (IASB) by setting implementation guidelines for the practitioners.Adoption of the International Financial Reporting Standards (IFRS) is permitted for listed companies in Lesotho. In the World Economic Forum’s Global Competitiveness Report (2012-13) Lesotho placed 121st in the world (out of 183 countries) for the strength of its auditing and reporting standards, with a value of 3.8 out of 7, compared to a world mean of 4.6. In the 2011 World Bank’s Ease of Doing Business Index the nation came 71st in relation to resolving insolvency, placing it above South Africa in 77th place.

Accountancy, Audit and Tax organisations in Lesotho
Deloitte & Touche
Lesotho Institute of Accountancy
MNM Chartered Accountants
Office of the King
Sheeran & Associates