Warrington maintains AACSB accreditation

Gainesville, Fla. – The University of Florida’s Warrington College of Business Administration was among 57 schools that maintained their accreditation in business, and 14 that have maintained their accreditation in accounting, AACSB International announced today. Additionally, eight institutions of higher learning from five countries have earned accreditation in business, and three have earned 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.

“It takes tremendous work and dedication not only on the part of faculty, but program directors and administrative staff, to achieve the standards necessary to maintain AACSB accreditation,” says Dean John Kraft. “The evaluation process itself is extremely rigorous, and we appreciate the efforts of everyone who helped to attain this hallmark. It’s an honor shared by only the best of the best schools worldwide.”

AACSB accreditation is the hallmark of excellence in business education and has been earned by less than five percent of the world’s business schools. Today, there are 567 business schools in 33 countries that maintain AACSB accreditation. Similarly, 171 institutions now maintain an additional specialized AACSB accreditation for their accounting programs.

“It takes a great deal of commitment and determination to earn and maintain 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.”

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. Since Warrington is also home to the Fisher School of Accounting, additional measures are necessary for the sanctioning of those programs. 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 21 business accreditation quality standards, accounting accreditation requires the satisfaction of an additional set of 15 standards that are specific to the discipline and profession of accounting.