CHEA Update, November 21, 2011:
The CHEA Committee on Recognition and the Board of Directors reviewed the Accreditation Council for Business Schools and Programs (ACBSP). The review was based on the six CHEA recognition standards that require an accrediting organization to show that its accreditation process advances academic quality, demonstrates accountability, encourages self-scrutiny and planning, employs fair and appropriate procedures and demonstrates ongoing review of practice, and that it possesses sufficient resources to carry out its accreditation processes (2006 CHEA Recognition Policy and Procedures, Paragraphs 12A-12F, pp. 5-8).

On September 19, 2011 the CHEA Board of Directors determined that ACBSP demonstrated that it meets these standards, that its accreditation process is consistent with the quality, improvement and accountability expectations that CHEA has established and should receive recognition for a period of up to 10 years. ACBSP will provide a report due in one year on its implementation of accreditation standards or policies that require institutions or programs routinely to provide reliable information to the public on their performance, including student achievement, as determined by the institution or program (Paragraph 12(B)(1), 2006 CHEA Recognition Policy and Procedures).