Editing EFMD Quality Improvement System (section)

== Object of the accreditation ==
The accreditation is awarded to business schools based on general quality. The process also takes into account the business school's level of internationalization, which is not a strict requirement for accreditation by the other two major international accreditation bodies: [[Association to Advance Collegiate Schools of Business|AACSB]] and [[Association of MBAs|AMBA]].<ref>{{Cite journal|title=Andreas Kaplan: European Management and European Business Schools: Insights from the History of Business Schools | doi=10.1016/j.emj.2014.03.006 | volume=32 | journal=European Management Journal | pages=529–534}}</ref> As of 2014, all fully accredited EQUIS business schools applying for AACSB accreditation have succeeded, which has not been the case the other way.<ref>{{cite journal|title=???|url=http://mba-news.net/2014/02/05/mba-accreditation/|journal= Mba-news.net|date=5 February 2014|url-status=dead|archive-url=https://archive.today/20140711064708/http://mba-news.net/2014/02/05/mba-accreditation/|archive-date=11 July 2014}}</ref>

EQUIS accreditation can be granted for three years (with annual progress reports on the areas of improvement required) or for five years (with a mid-term progress report on development objectives required).<ref>{{cite journal|title=European Quality Improvement System (EQUIS)|url=https://www.efmd.org/images/stories/efmd/EQUIS/2014/EQUIS_Process_Manual.pdf|date=18 November 2014}}{{Dead link|date=February 2024 |bot=InternetArchiveBot |fix-attempted=yes }}</ref>