Tampa, Fla., USA (June 30, 2016)—AACSB International announced today that the Massey Business School at Massey University (New Zealand) and the Sheldon B. Lubar School of Business at the University of Wisconsin-Milwaukee (United States) have earned accounting accreditation.
Similarly, The University of Texas of the Permian Basin (United States), Universidad del Turabo (Puerto Rico), and the University of Maryland (United States) have extended their accreditation in business, and Middle Tennessee State University (United States), the University of Washington (United States), and the College of William and Mary (United States) have extended their accreditation in accounting.
Founded in 1916, AACSB International (AACSB) is the longest-serving global accrediting body for business schools that offer undergraduate, master's, and doctoral degrees in business and accounting.
AACSB Accreditation is the hallmark of excellence in business education and has been earned by less than 5 percent of the world's business schools. Today, 761 business schools in 52 countries and territories have earned AACSB Accreditation. Similarly, 185 institutions hold an additional specialized AACSB Accreditation for their accounting programs.
“AACSB commends each institution for their exemplary work in holding the highest honor in business school accreditation,” said Robert D. Reid, executive vice president and chief accreditation officer of AACSB International. “During this peer-review process schools must demonstrate alignment with AACSB’s global accreditation standards, as well as how they encourage engagement, innovation, and impact across the communities they serve.”
Achieving accreditation is a process of rigorous internal review, engagement with an AACSB-assigned mentor, and peer review. During this multi-year continuous improvement review process, 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 realize 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 an additional set of standards specific to the discipline and profession of accounting.
About AACSB International
As the world’s largest business education network connecting academe with business, AACSB provides business education intelligence, quality assurance, and professional development services to more than 1,500 member organizations across 91 countries and territories. Founded in 1916, AACSB Accreditation is the highest standard of quality in business education, with over 760 business schools accredited worldwide. AACSB’s global headquarters is located in Tampa, Florida, USA; its Asia Pacific headquarters is located in Singapore; and its Europe, Middle East, and Africa headquarters is located in Amsterdam, the Netherlands. For more information, visit www.aacsb.edu.
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