The Association to Advance Collegiate Schools of Business, also known as AACSB International, is an American professional organization. It was founded in 1916 to provide accreditation to schools of business. It was formerly known as the American Association of Collegiate Schools of Business and as the International Association for Management Education. Not all members of the association are accredited; it does not accredit for-profit schools. In 2016 it lost recognition by the Council for Higher Education Accreditation.