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Collegiate Institutions Earn AACSB International Accounting and Business Accreditation
TAMPA, FL (December 22, 2008) ― Five institutions of
higher learning have earned initial accreditation in business from AACSB International – The Association to
Advance Collegiate Schools of Business. Additionally, 44 institutions have maintained their accreditation in business and 14 have maintained their accreditation
in accounting. Founded in 1916, AACSB International is the longest serving global accrediting body for business schools that offer undergraduate, master’s, and
doctoral degrees in business and accounting.
By achieving initial accreditation in business, China Europe International Business School – CEIBS (China),
Griffith University (Australia), Southeastern Oklahoma State University (USA),
SUNY Institute of Technology (USA), and Yonsei University
(South Korea) become part of an elite group that makes up less than 5 percent of the world’s business schools that have earned business and/or accounting accreditation.
The newest accreditations raise the total number of institutions that maintain specialized AACSB accreditation for their business schools to 559, with 460 based in the
United States and 99 based outside of the United States.
“AACSB commends the faculty, deans, directors, and administrative staffs of each institution for their exemplary work in helping their schools earn the
highest honor in business school accreditation,” said John J. Fernandes, president and chief executive officer of AACSB International. “We send our heartiest congratulations
to our newly accredited schools, and to those that have maintained their accreditation.”
Achieving accreditation is a process of rigorous internal review, evaluation, and adjustment and can take several years to complete. During these years,
the school develops and implements a plan to meet the 21 AACSB standards requiring a high quality teaching environment, a commitment to continuous improvement, and curricula
responsive to the needs of business. Accounting accreditation further requires the satisfaction of an additional set of 15 standards that are specific to the discipline and
profession of accounting. In addition, as required by AACSB standards, all accredited schools must go through a peer review every five years in order to maintain their accreditation.
“It takes a great deal of commitment and determination to earn AACSB accreditation,” said Jerry Trapnell, executive vice president and chief accreditation
officer of AACSB International. “Schools not only must meet specific standards of excellence, but their deans, faculties and staffs make a commitment to ongoing improvement
to ensure that the institution will continue to deliver high quality education to students.”
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