The Association to Advance Collegiate Schools of Business (AACSB) promotes continuous quality improvement in management education. The association was founded in 1916, and standards for business administration were first set in 1919. In 1980, AACSB adopted additional standards for undergraduate and graduate degree programs in accountancy to address special needs of the profession. The association regularly reviews its accreditation standards for opportunities to improve their relevance and currency.
A collegiate institution offering degrees in business administration or accounting may volunteer for AACSB Accreditation review. The institution applies for a decision on its eligibility for accreditation. The initial accreditation process includes a self-evaluation, as well as a peer review. Having achieved AACSB Accreditation, an institution enters into a program of periodic reviews of strategic improvement progress to maintain its accreditation.