Once an academic business unit has been accepted into candidacy, it has up to five years to complete the accreditation process and achieve accreditation for its business programs.  The process typically takes 2-4 years.  When the IACBE Board of Commissioners grants accreditation, it is valid for a period of up to 7 years.  At that time, the academic business unit prepares a new self-study, undergoes a new site visit, and is reviewed for reaffirmation of accreditation by the Board of Commissioners.