An institution, by successfully completing the process, inherently agrees to keep ACICS fully informed of activities at the institution. The Council requires an annual report from each main and branch campus, where appropriate. To see which institutional changes must be reported to ACICS, click here. For details about maintaining ACICS accreditation, see Title II Chapter 2 of the Accreditation Criteria.
Annual Institutional Report
The Annual Institutional Report must be submitted on Council forms and be certified by the chief executive officer of the institution. It is due on or before September 15 annually. Failure to submit the Annual Institutional Report in a timely manner will result in the revocation of accreditation. Read more...
Annual Financial Report
The Annual Financial Report must be submitted on Council forms and be certified by an officer or stockholder of the corporation. It is due no more than 180 days after the end of the institution’s fiscal year. Failure to submit the Annual Financial Report in a timely manner will result in the revocation of accreditation. Read more...
Audited Financial Statements
Audited financial statements, prepared by an independent certified public accountant using generally accepted accounting procedures and generally accepted auditing standards, are essential instruments in the determination by ACICS of an institution’s financial stability. All institutions are required to submit audited financial statements within 180 days of the end of their fiscal year. Audits are to be submitted in addition to the Annual Financial Report.
Interim Report for Eight-Year Grants
An Interim Report must be submitted by June 30 of the fourth year (mid-point) of an eight-year grant of accreditation. This report will undergo evaluation, and based upon a review of the report, visit(s) may be required as determined by the Council.
Payment of Fees
Institutions are required to pay all annual sustaining fees, user fees, evaluation visit deposits and expenses, and other assessed costs by the established deadlines. Non-payment of any fees or expenses subjects a member to revocation of accreditation without a hearing. See Fee Schedule
The Council, at its discretion, may direct an unannounced visit to occur at an institution about which it has received adverse information or when general operations of the institution may be called into question. Procedures for unannounced visits are described in Appendix B of the Accreditation Criteria.
Program Length and Tuition and Fees
ACICS will determine average program lengths and tuition and fees annually based on information collected in the Annual Institutional Reports and will provide these data to all accredited institutions. Institutions with program lengths that are more than one standard deviation from the average will be required to submit an explanation for the deviation. If the Council does not accept the explanation, it may require a consultation between ACICS and the institution, direct an on-site evaluation, issue a show-cause directive, or withhold inclusion of the program from the institution’s current grant of accreditation.
In assessing these relationships, the Council will consider institutional mission, program objectives and content, types and locations of instructional delivery, knowledge and skills necessary for students to reach competence, and additional requirements that may be placed upon a graduate for employability, including, if applicable, certification or licensure.
Interim Financial Review
The Council may require an institution to furnish Quarterly Financial Reports, a Financial Improvement Plan, or interim narrative reports, or it may issue a show-cause directive to an institution due to the financial operation of the institution. Institutions that are required to prepare interim reports are considered to be on Financial Review and are subject to additional restrictions regarding the initiation of nonmain campuses.
Retention and Placement
ACICS will determine average retention and placement rates annually for institutions based on information collected in the Annual Institutional Reports and will provide these data to all accredited institutions. An institution with retention or placement rates that are not in keeping with the expectations of ACICS may require a consultation between ACICS and the institution, the submission of a corrective action plan, undergo an on-site evaluation, or be issued a show-cause directive, a deferral or denial action related to the institution’s application for a new or initial grant of accreditation, or directed another appropriate action.