The College of Business and Economics (CBE) was the first college of business in the Middle East to be accredited by AACSB International – The Association to Advance Collegiate Schools of Business (AACSB). This accreditation includes all undergraduate programs, as well as the MBA, MPA, and DBA programs.
In 2012, the accounting program earned separate accreditation from AACSB. The Accounting Department was the first ever to make such an achievement in the GCC and MENA Region and the 10th worldwide outside USA at the time.
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. 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. As of May 2016, there are 761 institutions across 52 countries and territories that have earned AACSB Accreditation in business. Similarly, 183 institutions maintain an additional specialized AACSB Accreditation for their accounting programs.
Achieving and maintaining accreditation is a process of rigorous internal review, evaluation, and improvement. AACSB’s Accreditation standards require a mission-driven plan to achieve the quality standards in order to ensure a high quality teaching environment, innovative programming, and active engagement with industry. In addition, all accredited schools must go through a continuous improvement peer review process every five years in order to retain their accreditation.
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 standards that are specific to the discipline and profession of accounting.
“In today’s global world of management education, it takes a great deal of determination for institutions to earn and maintain AACSB Accreditation,” said Robert D. Reid, executive vice president and chief accreditation officer of AACSB International. “Schools must not only meet specific standards of excellence, but all parties involved—deans, heads of business units, academic and non-academic staff—must make the commitment to ongoing improvement to ensure that the institution will continue to deliver the highest quality of education to every student.”
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