University of Canterbury Earns International Accreditation
University of Canterbury Earns AACSB International
TAMPA, Fla, USA (18 August 2014)—AACSB International announced today that theUniversity of Canterbury has earned accreditation for its School of Business and Economics. Founded in 1916, AACSB International (AACSB) 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 Canterbury (UC), PVC Sonia Mazey and Dean Ross James on earning accreditation, and we welcome them into the family of AACSB-accredited business schools," said Robert D. Reid, executive vice president and chief accreditation officer of AACSB International. "AACSB Accreditation represents the highest achievement for an educational institution that awards business degrees. The PVC, Dean, and the faculty, directors, and staff of UC are to be commended for their role in earning accreditation."
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 716 business schools in 48 countries and territories that maintain AACSB Accreditation. 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 meet AACSB’s Accreditation Standards, which require a high quality teaching environment, innovative programming, and active engagement with industry. All accredited schools must go through a peer review process every five years in order to retain their accreditation.
"It takes a great deal of self-evaluation and determination to earn AACSB Accreditation, and I commend the University of Canterbury for its dedication to management education, as well as its leadership in the community," said Reid. "Through accreditation, UC 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.”
AACSB International also announced that ESPAE-Graduate School of Management(Ecuador), Indian Institute of Management Calcutta (India), National Central University(Chinese Taipei) and Newcastle University (United Kingdom) have earned accreditation in business, and Northumbria University (United Kingdom) has earned accreditation in accounting.