On October, 2013 Independent Agency for Accreditation and Rating (IAAR) and the Foundation for International Business Administration Accreditation (FIBAA) singed Memorandum of Cooperation in the field of quality assurance in higher education. FIBAA and IAAR concluded this Memorandum in order to establish effective cooperation in the field of quality assurance, training of competent experts, implementation of joint educational projects, exchange of experience in the field of education.

When the Accreditation System was established in Germany, FIBAA was founded in 1994 and hence became one of the first agencies to be accredited by the German Accreditation Council. Since 2002, it has been entitled to award the Seal of the Accreditation Council for degree programmes in Germany.

The purpose of FIBAA is to promote the quality and transparency in education and science by awarding quality certificates to educational programs and education institutions in the areas of higher education and continued professional development.

For further information to FIBAA: http://www.fibaa.org/en/welcome-page.html