Straight admission
For straight admission into the general accountant level an applicant must have the
following qualifications and experience;
i. General Accounting Stage or equivalent
ii. CIPFA Diploma or equivalent
iii. CIMA stage…. Or equivalent
iv. Relevant honours qualifications or equivalent
v. Relevant Master’s Degrees, plus
Two years of relevant practical experience in public practice other occupation at a
supervisory/ managerial level
or
i. Bcomm Accounting degree plus six years relevant experience at either
officer or managerial levels.
b) Admission by Examination (incumbent must sit for LIA initial competency
examination)
For admission by examination into the general accountant level an applicant must have
the following qualifications and experience to qualify for the examination;
i. Relevant Postgraduate Diplomas regardless of the foundation degree,
ii. B.comm degree , plus
Three years of relevant practical experience in other occupation at a supervisory/
managerial level
Membership obligations
- Annual Membership Subscription Fees
Every Member of institute remains as such by payment of an annual membership fees which is prescribed by the Institute from time to time Membership fees are due in advance, that is on the last month of financial year of the Institute for the coming year. There are penalties for failure to pay membership fees which are as follows;
a) 50% of the membership fee after one (1) month,
b) 75% after two months
c) 100% of the subscription after three (3) months,
d) Deregistration from membership by general notice to the public on the fourth month. - Continuing Professional Development
Members are required to adhere to the CPD requirement as are contained in the CPD
Policy of the Institute. - Quality Assurance Reviews and Practice Inspections
Members shall be subjected to Quality Assurance Reviews and Practice Inspections as
contained in the QAR& I policy.