Original sentence: The CoB aspires to be accredited by AACSB (The Association to Advance Collegiate Schools of Business) and it has been officially declared Eligible for Accreditation by AACSB
Edited sentence: The CoB aspires to be accredited by AACSB (The Association to Advance Collegiate Schools of Business) and its quality programs have been officially declared Eligible for Accreditation by AACSB