This study aims to examine emerging trends, frameworks, and stakeholder perspectives on accreditation and quality assurance (QA) in Master of Business Administration (MBA) programs. The purpose is to identify shared and divergent QA practices, analyze stakeholder roles, and assess how accreditation influences institutional performance and strategic priorities. A systematic literature review was conducted using predefined inclusion criteria, resulting in the selection of 48 empirical and conceptual studies from Scopus-indexed sources. Thematic analysis structured the findings into five key areas: conceptualizations of quality, comparative accreditation models, stakeholder participation in QA, challenges in autonomous institutions, and measurable impacts on performance. The results reveal that accreditation not only promotes standardization but also stimulates innovation and contextual adaptation, particularly in non-Western and autonomous institutions. Stakeholder engagement, collaboration, and transparency emerged as critical factors in ensuring QA legitimacy and effectiveness. Furthermore, accreditation was strongly associated with enhanced graduate employability, student satisfaction, governance, and market positioning. The study contributes to advancing the discourse on business education quality by highlighting gaps in existing frameworks and recommending more inclusive, flexible, and globally relevant accreditation strategies.