Prince of Songkla University (PSU), Phuket Campus, Thailand

Established 2011 under the laws of the State of Delaware.

   Michael Schemmann, PhD, CPA, ICPA, Director
   Sakulna Sae-Kim, Secretary Treasurer
   Current postal address: PO Box 9, Pak Thong Chai 30150 Thailand.
   Operational presence IICPA, Max-Högger-Strasse 8, CH-8048 Zurich, Switzerland.
   Emails: secretary [at] or aasbi.accredited [at]

   Charter & Operating Agreement: PDF

About the AASBI

1. AASBI is a private global professional standard setting body serving the public interest, engaged in the accreditation of degree-granting Schools, Colleges and Departments of Business ("Schools") worldwide .

2. AASBI was incorporated under the Delaware Code, Title 8, Chapter 1 in February 2011 as the Asian Association of Schools of Business International, was reorganized in 2014 as a Limited Liability Company (LLC), and name changed 2016-04-02 to the present Association of Accredited Schools of Business International. Delaware is the multinational business community's jurisdiction of convenience like no other, and is also the corporate jurisdiction of many international organizations including the International Financial Accounting Standards Foundation headquartered in London, England.

Accreditation Process

3. The applying school of business files a Letter of Application together with "Checklist and Affirmation" MS-Word | PDF.

4. Unless exempt from audit, the remaining AASBI accreditation process follows the proven pattern for financial statement audits of public companies by engaging a professional audit firm to audit the school's "Statement of Educational Conditions" — see sample — prepared in accordance with the AASBI's Generally Accepted Education Standards (GAEP) and form an opinion thereon.

5. The AASBI's educational auditing standards (GAESA) have been modeled after IFAC's International Standards on Auditing, are therefore familiar to the financial audit profession, and should be performed in conjunction with the school's annual financial statement audit to minimize cost and expense.

6. Certain business schools have been invited to full accreditation on an expedited basis, and are exempt from audit, by providing alternative assurances deemed sufficient in the opinion of the AASBI. See Offer of full accreditation AASBI's letter dated 6 September 2014.

7. AASBI business school accreditation is treated more as a matter of right in the public interest than joining a fraternity of elite Schools and Colleges. Accordingly, AASBI has reduced to simplicity what is often a highly complex and time consuming process.

The Results

8. The business schools' visibility, prestige and reputation is enhanced by AASBI's accreditation, based on the adherence to generally accepted educational standards (GAEP) and the educational audit by licensed auditing firms under rigorous auditing standards (GASESA).


Updated 2017-01-27