The Sheldon B. Lubar School of Business at the University of Wisconsin−Milwaukee Earns AACSB Accounting Accreditation

TAMPA, Fla., June 30, 2016 /PRNewswire-USNewswire/ -- AACSB International (AACSB) announced today that the Sheldon B. Lubar School of Business at the University of Wisconsin−Milwaukee has earned accounting accreditation for Accounting Area. Founded in 1916, AACSB International is the longest serving global accrediting body for business schools that offer undergraduate, master's, and doctorate degrees in business and accounting.

"AACSB congratulates the University of Wisconsin−Milwaukee, dean V. Kanti Prasad, director of Accounting Programs Paul Fischer, and faculty from the Accounting Area on earning AACSB Accreditation for its accounting programs," said Robert D. Reid, executive vice president and chief accreditation officer of AACSB International. "They, along with many dedicated staff members, are to be commended for their respective roles in earning accreditation in accounting, as well as for maintaining excellence in their overall business programs."

AACSB Accreditation is the hallmark of excellence in business education, and has been earned by less than five percent of the world's business programs. Today, there are 761 business schools in 52 countries and territories that maintain AACSB Accreditation. Similarly, 184 institutions maintain an additional specialized AACSB Accreditation for their accounting programs.

Achieving accreditation is a process of rigorous internal review, engagement with an AACSB assigned mentor, and peer review. During the multi-year process the school focuses 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 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 accreditation standards that are specific to the discipline and profession of accounting.

"It takes a great deal of self-evaluation and determination to earn both accounting and business accreditation, and I commend the University of Wisconsin—Milwaukee for its dedication to business education, as well as its leadership in the community," said Reid. "Through accreditation, the Lubar School has not only met specific standards of excellence, but has also made a commitment to ongoing improvement to ensure that the institution will continue to deliver high quality education to its students."          

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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SOURCE AACSB International

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