Generally Accepted Educational Principles
The complete GAEP are included in the "Full Text" of the AASBI's standards downloadable as a PDF entitled "Principles of
Higher Education. Auditing Standards for Accredited Schools of Business" first published in March 2011. Also available as a paperback online at Amazon US and other Amazon websites.
PREAMBLE AASBI business accreditation is the recognition given to degree-granting educational programs and institutions which deliver high-impact scholarly investigations or inquiries
and training focused on the economy and businesses on international and domestic levels in a safe, liberal and inspiring environment, in accordance with Generally Accepted Educational
Standards (GAEP) promulgated and amended from time to time by the Association and its members.
Overview of GAEP Statement 01 Degree awarding institution
The accredited School, College or Department of Business ("the School") is a degree-awarding institution of higher education, or a unit or entity thereof.
Overview of GAEP Statement 02 Universal Declaration of Human Rights
The School's facilities are in a jurisdiction that is a States Party to the United Nation's Universal Declaration of Human Rights ("UDHR").
Overview of GAEP Statement 03 UDHR are reflected
UHDR are reflected mutatis mutandis in the School's policies, rules, regulations and practices with respect to admitting or dismissing students, staff and faculty members, are based on merit only, without discrimination on the basis
of unchangeable personal characteristics including but not limited to race, religion, national origin, gender, sexual orientation, and/or age.
Overview of GAEP Statement 04 Equal opportunity
The School provides equal opportunity to all including men, women, juniors or seniors, and certain minorities or majorities of a population.
Overview of GAEP Statement 05 Infrastructure
The School of Business maintains an adequate teaching facility at a location that is accessible and safe.
Overview of GAEP Statement 06 Continued existence
The School is a "going concern."
Overview of GAEP Statement 07 Autonomy
The school has been in existence as an autonomous entity for a period four academic years or more.
Overview of GAEP Statement 08 Physical facilities, installations, and safety
The teaching and learning environment is spacious, clean and safe.
Overview of GAEP Statement 09 Curriculum
The School's focus is on general management or business administration and related fields, but GAEP do not prescribe a particular curriculum or methodology which may be traditional, innovate and/or holistic.
Overview of GAEP Statement 10 Professional certification programs
The School offers professional certification programs including, for example, accounting programs preparing students for the uniform examinations for chartered accountants, certified public accountants, certified controllers,
certified internal auditors, chartered financial analysts, and similar programs.
Overview of GAEP Statement 11 Student admission
Schools of Business have different intake philosophies.
Overview of GAEP Statement 12 Teaching effectiveness
Teaching effectiveness inspires intellectual curiosity, in the wider sense instilling a life-long affection for the Alma Mater (Latin: "nourishing mother"). The School has reasonable leeway to demonstrate teaching effectiveness.
Overview of GAEP Statement 13 Faculty qualifications
The faculty should be academically and/or professionally qualified to inspire, teach, consult, and generally motivate students to reach their objectives. Academic and professional degrees rank equally.
Overview of GAEP Statement 14 Faculty teaching load
Faculty members have sufficient time for personal activities including research, continued professional education, and other activities including seminars and/or consulting inside or outside the School of Business.
Normally, a teaching load three (3) courses per semester, or six (6) courses per academic year, should not be exceeded, or 4 or 8 courses, respectively, if the faculty member is co-teaching with other faculty members.
Overview of GAEP Statement 15 Faculty time for leisure
Faculty has adequate time for leisure, the attendance of seminars and other extra-curricular activities. The Faculty Association should be consulted.
Overview of GAEP Statement 16 Faculty development
The School's policy encourages and monitors continued academic and/or professional development of members of the faculty including adjuncts. Professionals keep their respective licenses current, eg, CA, CPA by taking Continuing Professional Education ("CPE").
Overview of GAEP Statement 17 Full-time and adjunct faculty
There is no distinction between fulltime and adjunct members of the faculty. Practicing faculty members working in their profession may be exceptionally well qualified and current in their field.
Overview of GAEP Statement 18 Faculty association
The School encourages and has an independent faculty association.
Overview of GAEP Statement 19 Code of conduct, discrimination and retaliation
The School has and adheres to an approved and accepted code of conduct, and does not discriminate or retaliate against staff and faculty members on the basis of grievances or complaints.
Overview of GAEP Statement 20 Reputation or standing
Overview of GAEP Statement 21 Financial stability
The School serves the public interest rather than special interests. The School's general reputation and ranking whether the School is held in any particular regard by government, the public, or other schools including its national standing, or rankings in the media is NOT taken into consideration for purposes of accreditation.
The School has access to liquid monetary reserves sufficient to cover one semester of operating expenditures according to "going concern" criteria.
Overview of GAEP Statement 22 Withdrawal
Overview of GAEP Statement 23 Expulsion
A School may withdraw from accreditation at any stage with or without reasons.
The Board of Directors of the AASBI is obligated to request an accredited School of Business to withdraw from accreditation for cause.
Overview of GAEP Statement 24 No legal remedy or remedies
Legal action is expensive, the outcome(s) uncertain, often demoralizing, most often contra-productive and ineffective, and therefore a party's only remedy or remedies shall be withdrawal or expulsion
with certain AASBI-internal appeal procedures in place.
Overview of GAEP Statement 25 Steering Committee
Each accredited School appoints and delegates one of its staff or faculty members to act as liaison on the AASBI's steering committee.
Overview of GAEP Statement 26 Reimbursement of outlays and expenses
In the absence of any details agreed upon, the School applying for, or maintaining, accreditation, shall reimburse the AASBI for reasonable outlays or expenses incurred including but not limited to scheduled and approved site visits.
The fees and expneses for accreditation audit(s), are a matter between the School and the professional auditing firm. The firm should be approved by the AASBI's Board of Directors before commencing the accrediation audit.