TAMPA, Fla., Aug. 17, 2015 /PRNewswire-USNewswire/ -- AACSB International (AACSB) announced today that Nicolaus Copernicus University in Toruń (Poland), the University of Chile (Chile), the University of Sarajevo (Bosnia and Herzegovina), and WU (Vienna University of Economics and Business) (Austria) have earned accreditation in business.
Through the most recent ratifications, AACSB is also pleased to announce that business accreditation is now represented by 740 academic institutions, across 50 countries and territories. 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. Similarly, 182 institutions maintain an additional specialized AACSB Accreditation for their accounting programs.
"AACSB's accreditation standards are designed to help schools discover—and deliver on—their differentiated mission, so they can foster meaningful change through engagement, innovation, and impact," said Robert D. Reid, executive vice president and chief accreditation officer of AACSB International. "We commend each of the four schools for their exemplary work, and are excited that students in both Austria and Bosnia-Herzegovina can now pursue an AACSB-accredited business degree for the first time their home country."
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.
"AACSB accreditation is a globally recognized standard for the highest-quality in business education," continued Reid. "Across this multi-year review process, schools must not only meet the initial standards of excellence, but they must demonstrate their on-going commitment to quality and distinction by participating a continuous improvement review process every five years."
For more detailed information about AACSB Accreditation, please visit www.aacsb.edu/accreditation.
SOURCE AACSB International