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International Board of Standards (IBS), a USA-based certifying body which is in operation around 40 countries globally (which owns Global Academy of Finance and Management) has agreement since 2004 with ACBSP to offer certifications to those who have completed ACBSP accredited business school courses, standards exams and programs. [23] [24]
The NCCA Standards were created in 1977 and updated in 2003 to ensure certification programs adhere to modern standards of practice for the certification industry. The ACBSP joins an elite group of 78 organizations with 190 programs that have received and maintained NCCA accreditation.
The so-called triple accreditation is often seen as the highest quality certification for business schools. The most well-regarded accreditation agencies are AACSB in the United States, AMBA in the United Kingdom, and EQUIS in the European Union, albeit they all accredit schools in other world regions.
Each of the three institutions assesses a business school according to different criteria and scope: AMBA accreditation examines the Master of Business Administration (MBA) programme portfolio and is intended to show that this "demonstrates the highest standards in teaching, learning and curriculum design, career development and employability, student, alumni and employer interaction."
EQAR publishes and manages a register of quality assurance agencies that substantially comply with the European Standards and Guidelines for Quality Assurance (ESG) to provide the public with clear and reliable information on quality assurance agencies operating in Europe. The register is web-based and freely accessible. [8]
The department claimed that the change was intended to encourage cooperation between accredited schools to improve student experiences, uphold quality standards, and reduce the cost of higher education by encouraging transparent transfer of credits and mutual recognition of degrees between schools with common standards.
On January 12, 2016, Hoa Sen University (HSU) became the first university at Vietnam were accredited by ACBSP. [4] In 2018, HSU became a member of Nguyen Hoang Group (NHG) which is the university system of educational corporations. In 2019, 7 programs achieved international accreditation standards, including 5 ACBSP programs & 2 AUN-QA programs.
The EFMD Quality Improvement System (EQUIS) is a business school accreditation managed by Brussels based EFMD. It provides accreditation for higher education institutions of management and business administration and is run by the European Foundation for Management Development . [ 1 ]