I'm not convinced that possession of ASIC accreditation signifies that an unknown internet university offers the kind of academic credibility that I'm looking for. (Something more or less equivalent to what better recognized universities offer.) If somebody graduates in a particular major at an RA school, I have reasonable confidence that they have learned the subject to a standard that I recognize. I have the same confidence regarding European, Australian, Japanese, Canadian and many other schools. I have similar confidence (perhaps a bit less) regarding DEAC and ACICS schools. But I don't have nearly the same kind of confidence about ASIC accredited degree-granters. So sure, we can say that ASIC is an accreditor and that the schools they accredit are in fact accredited by them. The problem (both for prospective students and for their employers) is knowing what ASIC accreditation communicates about the educational qualities of the schools that possess it.