The recent release of another critique of accreditation provides an opportunity to sort through some of the mass of ill-informed rhetoric in Washington regarding the nature and limitations of collegiate approval processes. The new report, "Why Accreditation Doesn't Work and What Policy Makers Can Do About It," comes from the American Council of Trustees and Alumni (ACTA), a generally conservative organization, which advocates educational reform. The author examines the report and contends that some of what it contains is a helpful commentary on what does not work well in the accreditation process, but some is irrelevant or misinformed. One of the basic assertions in the report is that "virtually all colleges and universities in the United States are accredited." Although that is a common belief, it is not correct. In fact, about a fifth of degree-granting institutions operating legally in the United States are unaccredited.