The Association to Advance Collegiate Schools of Business (AACSB International) announced that 17 business schools have extended their accreditation in business and five have extended their accreditation in both business and accounting. Currently, over 870 institutions across 57 countries and territories have earned AACSB accreditation, while 190 institutions hold supplemental AACSB accreditation for their accounting programs.
“AACSB congratulates each institution on their achievement,” said Stephanie M. Bryant, executive vice president and chief accreditation officer of AACSB. “Every AACSB-accredited school has demonstrated a focus on excellence in all areas, including teaching, research, curricula development, and student learning. The intense peer-review process exemplifies their commitment to quality business education.”
Achieving accreditation is a process of rigorous internal focus, engagement with an AACSB-assigned mentor, and peer-reviewed evaluation. During this multiyear path, schools focus on developing and implementing a plan to align with AACSB’s accreditation standards. These standards require excellence in areas relating to strategic management and innovation; student, faculty, and staff as active participants; learning and teaching; and academic and professional engagement.
To achieve accounting accreditation, an institution must first earn AACSB business accreditation. Then, in addition to developing and implementing a mission-driven plan to satisfy the business accreditation quality standards, accounting accreditation requires the satisfaction of a supplemental set of standards specific to the discipline and profession of accounting. Once accreditation is achieved, each institution participates in a five-year continuous improvement peer-review to maintain high quality and extend its accreditation.