AACSB Announces the Most Recent Schools to Earn Business or Accounting Accreditation

TAMPA, Fla., Aug. 18, 2014 /PRNewswire-USNewswire/ -- AACSB International (AACSB) announces today that ESPAE-Graduate School of Management (Ecuador), Indian Institute of Management, Calcutta (India), National Central University (Chinese Taipei), Newcastle University (United Kingdom) and the University of Canterbury (New Zealand) have earned accreditation in business, and Northumbria University (United Kingdom) has earned accreditation in accounting.

"AACSB is pleased to congratulate the newly accredited institutions on achieving this globally recognized hallmark of excellence," said Robert D. Reid, executive vice president and chief accreditation officer of AACSB International. "We commend each institution for their exemplary work, and are pleased that students in Ecuador can now pursue a business degree for the first time in their home country at an AACSB-accredited business school."

Founded in 1916, AACSB is the longest serving global accrediting body for business schools that offer undergraduate, master's, and doctoral degrees in business and accounting. Today, there are 716 institutions across 48 countries and territories that have earned AACSB Accreditation in business. Similarly, 181 institutions maintain an additional specialized AACSB Accreditation for their accounting programs.

Achieving accreditation is a process of rigorous internal review, evaluation, and improvement, and can take multiple years to complete. During these years, the school develops and implements a plan to align with AACSB's Accreditation standards which require a high quality teaching environment, innovative programming, and active engagement with industry.

To realize Accounting Accreditation, an institution must first earn or maintain 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 that are specific to the discipline and profession of accounting.

"In today's global world of management education, it takes a great deal of determination for institutions to earn AACSB Accreditation," said Reid. "Schools must not only meet specific standards of excellence, but all parties involved—deans, heads of business units, academic and non-academic staff—must make the commitment to ongoing improvement to ensure that the institution will continue to deliver the highest quality of education to every student."

About AACSB International

AACSB International (The Association to Advance Collegiate Schools of Business), founded in 1916, is an association of more than 1,430 educational institutions, businesses, and other organizations in 89 countries and territories. AACSB's mission is to advance quality management education worldwide through accreditation, thought leadership, and value-added services. As the premier accreditation body for institutions offering undergraduate, master's, and doctorate degrees in business and accounting, the association also conducts a wide array of conferences and seminar programs at locations throughout the world. AACSB's global headquarters is located in Tampa, Florida, USA and its Asia Pacific headquarters is located in Singapore.

For more information, please visit: www.aacsb.edu.

SOURCE AACSB International

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