Introduction to AACSB Accreditation
AACSB International—The Association to Advance Collegiate Schools of Business advances quality management education worldwide through accreditation, thought leadership, and value-added services. Through its accreditation standards and processes, AACSB recognizes institutions that uphold its mission and core values, work to advance the interests of global management education, and participate in AACSB’s community of leading business schools. In this context, AACSB focuses on continuous quality improvement in management education through engagement, innovation, and impact.
The association was founded in 1916 and established its first standards for degree programs in business administration in 1919. AACSB adopted additional standards for undergraduate and graduate degree programs in accountancy in 1980 to address the special needs of the accounting profession. The association regularly reviews its accreditation standards and processes for opportunities to improve relevance, maintain currency, and increase value. The association most recently adopted major revisions to the business standards in 1991 and 2003. This edition of the standards was adopted by the AACSB Accreditation Council in April 2013.
A collegiate business school offering degrees in business administration or accounting may volunteer for an AACSB Accreditation review. As a first step, the business school must establish its eligibility for accreditation. During the initial accreditation process, the school is evaluated on how well it achieves AACSB’s accreditation standards, through a process of self-evaluation and peer review. After earning AACSB Accreditation, the business school undergoes periodic peer reviews of its strategic improvement to continue its accreditation.
AACSB is a non-profit corporation of business schools, accounting programs, corporations, and other organizations devoted to the promotion and improvement of higher education in business administration and accounting.
AACSB supports and upholds the Code of Good Practice for Accrediting Bodies of the Association of Specialized and Professional Accreditors (ASPA). www.aspa-usa.org
business-accreditation-2017-update (Effective January 1, 2018)*
*A track changes version of this document is available upon request