By 2002, the College achieved triple accreditation status from the Association to Advance Collegiate Schools of Business (AACSB), the Association of MBAs (AMBA) and the European Quality Improvement System (EQUIS).
Iowa State University's College of Business was established in 1984, and is accredited by AACSB International – The Association to Advance Collegiate Schools of Business.
The Smurfit School is a member institution of the Association to Advance Collegiate Schools of Business International (AACSB), the European Quality Improvement System (EQUIS), the quality improvement system administered by the European Foundation for Management Development, and the Association of MBAs.
Moreover, it is one of 59 Triple Crown business schools worldwide which implies accreditation by EQUIS, AMBA and AACSB.
The founding members were The KPMG Foundation, The Association to Advance Collegiate Schools of Business (AACSB), Citigroup and the Graduate Management Admission Council (GMAC).