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, the School was reaccredited for another 5 years. The PRT strongly commended the School for its achievements over the previous 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 School'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 Board of Advice, the Pacioli Society and the Accounting Foundation to supporting School/Discipline initiatives, advocating within the University environment, and ensuring broader community participation with the School.
The fifth-year maintenance review took place 30 March-1 April 2014.
As of August 2014, AACSB has accredited 716 institutions internationally, of which 181 have additional specialised accreditation for their accounting programs. Of the accredited schools, 206 are based outside the US.
The University of Sydney is the only Australian institution to have achieved both business and accounting accreditations, and one of only nine in our region. Others are the Hong Kong University of Science & Technology, the University of Hong Kong, the Chinese University of Hong Kong, Singapore Management University, Nanyang Technological University (Singapore), Tsinghua University (China), National Chengchi University (Taipei) and Victoria University of Wellington (New Zealand).
In Australia, only eleven other institutions currently hold AACSB business accreditation: the University of Melbourne, the University of New South Wales, the University of Queensland, the University of Adelaide, the University of Western Australia, Monash University, Griffith University, Macquarie Graduate School of Management, Queensland University of Technology, the University of Technology Sydney and Bond University.
The full list of AACSB-accredited schools is available on the AACSB website.
Benefits of Accreditation
The continuing benefits of AACSB accreditation for the School 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.