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Abstract The Association to Advance Collegiate Schools of Business International (AACSB) revised and adopted its business accreditation standards in 2013. This paper focuses on one of the major revised components in the new standards: assurance of learning (AoL). It presents an AoL model implemented at the business school of a middle-sized public university in New Jersey in compliance with the new AACSB standards and discusses a number of implementation issues and lessons learned.