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AACSB Accreditation

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In April 2004 the Faculty received accreditation by AACSB International for its business administration and specialised accounting programs. Following submission of its fifth-year maintenance report and the international Peer Review Team (PRT) visit in October 2008, Faculty programs were reaccredited for another 5 years. The PRT strongly commended the Faculty for its achievements over the last five years, including:

  • the unique multi-disciplinary environment, resulting in research and teaching that is truly innovative, distinctive and “arguably … represents a new global paradigm for research in this regard”.
  • the Faculty’s global efforts and reach. International study tours to India, Europe and Silicon Valley were recognised, as well as the MMgt/CEMS MIM collaboration with the Community of European Management Schools. In addition, the Discipline of Accounting was commended for its “global reach in terms of their faculty presence in almost all continents and major universities in the world”.
  • the multi-disciplinary composition of the Learning & Teaching Committee and its achievements in “reinforcing continuous improvement in teaching and assurance of learning”.
  • the commitment of the Faculty Board of Advice, the Pacioli Society and the Accounting Foundation to supporting Faculty/Discipline initiatives, advocating within the University environment, and ensuring broader community participation with the Faculty.

As part of its ongoing reporting requirements for AACSB, the Faculty and Discipline of Accounting will complete annual reports outlining progress against strategic priorities. The next fifth-year maintenance review will take place in 2013.

As of December 2008, AACSB has accredited 560 institutions internationally, of which 168 have also been awarded specialised accreditation of their accounting programs. Of the accredited schools, 99 are based outside the US.

The University of Sydney remains the only institution in Australia to have achieved both business and accounting accreditations, and one of only five in our region. Others are the Hong Kong University of Science & Technology, the Chinese University of Hong Kong, Nanyang Technological University Singapore, and Tsinghua University in China.

In Australia, only five other institutions currently hold AACSB business accreditation: the AGSM (now part of the University of New South Wales), Griffith University, the University of Queensland, Queensland University of Technology, and the University of Technology Sydney.

The full list of AACSB-accredited schools is available on the AACSB website. For each school, a summary profile is available by clicking on the *.

Benefits of Accreditation

The continuing benefits of AACSB accreditation for the Faculty include:

  • enhanced national and international recognition and strategic advantage;
  • further access to, and facilitation of, international benchmarking and networking;
  • enhanced outcomes and innovation in teaching and learning, research and scholarship;
  • assurance of quality to prospective students, employers and other stakeholders; and
  • maintenance of our rigorous program of strategic development and continuous improvement.

AACSB and Assurance of Learning – Related links for Staff

One of the areas upon which the Faculty will need to report annually is implementation of its emerging Assurance of Learning processes. For further information, please click on the links below (available to Faculty staff only):

For further information

For further information on AACSB accreditation, please contact Amanda Lockett on x16227 or a.lockett@econ.usyd.edu.au