In India, there are several accreditation agencies like NAAC, NIRF, NBA etc. There can be a debate on the role, utility and impact of multiple accreditation agencies for the future of higher education. Do our accreditation standards match the Global standards? How can our universities be considered as an equal to Ivy League educational platforms? Does the present fashion of academic audits serve the purpose? Till date, these audits are more of self reflection, collaboration, teamwork and poor feedback. However it improves quality processes in teaching and learning.