Anderson University is accredited by the Higher Learning Commission of North Central Association of Colleges and Schools.

The Falls School of Business is further accredited by the Association of Collegiate Business Schools and Programs (ACBSP). This accreditation currently includes the undergraduate and MBA programs. New programs are required to wait a minimum of two years before they qualify for accreditation. The Master of Accountancy and Doctor of Business Administration programs have been designed to meet the rigorous standards of ACBSP, and will be submitted for review as soon as they are eligible.

The Association of Collegiate Business Schools and Programs was established in 1988. ACBSP was established to encourage, promote and recognize outstanding business education in two and four year, and graduate institutions. The organization focuses on colleges and universities who have the teaching/learning process as their primary mission. There are currently over 450 member institutions in the United States and globally, of which approximately 130 are accredited baccalaureate/graduate institutions.

The Falls School of Business was accredited in 1994, the first member institution of the Council of Christian Colleges and Universities to receive this prestigious accreditation.

The Falls School of Business has been a very active member of ACBSP, with Dean Armstrong having served eight years on the Board of Commissioners for the Baccalaureate/Graduate Commission and on the Board of Directors. As part of his service, he served one year as Chair of the Baccalaureate/Graduate Commission, and four years as an officer of the Board of Directors, including one year as the President of the Board.