The Faculty of Economics and Business is actively involved in quality assurance and accreditation activities aimed at further enhancing the quality of our teaching, research and community-related programs, as well as our processes for continuous review and improvement.

In April 2004 the Faculty received accreditation by AACSB International for its business and specialised accounting programs. AACSB is a premier international accrediting agency for bachelors, masters and doctoral degree programs in business administration and accounting. As of April 2008, AACSB has accredited 555 institutions internationally, of which 169 have also been awarded specialised accreditation of their accounting programs.

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 February 2008, the Faculty was awarded an additional five years accreditation a by EQUIS (European Quality Improvement System), the quality assurance arm of the European Foundation for Management Development (EFMD). The EQUIS scheme aims to raise the standard of management education worldwide by facilitating standard setting, benchmarking, mutual learning, and the dissemination of good practice.

These self-evaluation and accreditation initiatives indicate that the Faculty is judged to be of international standing. They have been extremely beneficial in assisting the Faculty to:

• confirm our commitment to quality, continuous improvement, international peer review and excellence in business and accounting education.


• identify and articulate our intellectual distinctiveness, mission and strategic imperatives, in close consultation with our key stakeholders.


• develop a strategic focus and rigorous processes to assure high-quality outcomes in teaching and learning, research and scholarship, resource planning and allocation, staffing, quality assurance and continuous improvement.


• enhance its external profile, with accreditation providing a local and international strategic advantage and facilitating international benchmarking and networking. For prospective students, employers and other stakeholders, accreditation provides an assurance of quality and contemporary relevance.

As well as international accreditation, a number of Faculty programs have professional accreditation.

The Faculty was awarded accreditation of its industrial relations and human resource management award programs by Australia's leading professional human resource body, the Australian Human Resource Institute (AHRI). Accreditation is granted for a period of three years, from July 2005 for postgraduate courses and September 2005 for undergraduate courses.

The Faculty's Business Information Systems majors (available through the Bachelor of Commerce, Bachelor of Economics, Master of Business and Master of Commerce) received accreditation to 2008 from the Australian Computer Society.

The Discipline of Accounting and Business Law undergoes periodic joint accreditation reviews by CPA Australia and the Institute of Chartered Accountants in Australia (ICAA). The last review, conducted in September 2007, resulted in accounting programs offered by the Faculty of Economics and Business being re-accredited for a further five years.

These accreditations provide an assurance of our ongoing commitment to excellence in education and research, and put the Faculty in company with leading institutions worldwide.