The Tippie College of Business at the University of Iowa has been re-accredited by AACSB International in business and accounting, the Corridor Business Journal reported. The Association to Advance Collegiate Schools of Business International is a global accrediting body for business schools that offer undergraduate, master's and doctorate degrees in business. The re-accreditation ensures the college meets the accrediting organization's standards of excellence, rigor and commitment to continuous improvement. The status has been earned by 687 business schools in 45 countries, which is fewer than 5 percent of the world's business schools.