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I am getting a lot of questions regarding accreditation for accounting programs. Because there seems to be a LOT of confusion, it was suggested by another poster, A_mom, that I reproduce my post 436 from "Everything you wanted to know or should know about accounting.
There are three types of accreditations,which makes things confusing.
The first, and most important, is the normal accreditation such as "Mid Atlantic accreditation" or "southern accrediation" of colleges. These and other bodies are the main accrediting organ. Most schools are accredited by these since they are crucial.
The second accreditation,which isn't as required but is becomming more essential today is AACSB. They accredit business programs in general. More of the better university and business programs are becomming AACSB accredited as well. Is this accreditation essential? NO,but is very nice to have.
The final type of accreditation,which is the newest accreditation, is by the AACSB as well, however,it is specifically for accounting. This isn't as well known, and you certainly could get a job without a school having this last accreditation. However, it will become the gold standard for accounting firms in the future, in my opinion. Thus, going to a school that has this accreditation in place will be nice but NOT essential at this time.
As for the time frame for accreditation, it could take years. A lot depends on the time frame of the accreditation process by the school. It can be weeks to several years.
If you are interested in seeing what type of AACSB accreditation , if any, a school has go to:http://www.aacsb.edu/