FOR IMMEDIATE RELEASE                         2000-108


 Andrew D. Bailey, Jr. Appointed Academic Accounting Fellow
                              
                              
     Washington, DC, August 7, 2000 - The Securities and
Exchange Commission's Office of the Chief Accountant
recently selected Professor Andrew D. Bailey, Jr. as the
Academic Accounting Fellow for a one-year term beginning
August 2000. Currently, Professor Bailey is the Ernst &
Young Professor of Accountancy at the University of Illinois
at Urbana-Champaign and holds the CPA, CMA, CIA, and CFE
certifications.

     Prior to joining the University of Illinois faculty in
1994, Professor Bailey was Deloitte & Touche Professor and
Head of the Department of Accounting at the University of
Arizona.  He has also been a faculty member at the
Universities of Maine, Iowa, Purdue, Minnesota and Ohio
State. He has held visiting faculty positions at the
University of Queensland, Australia, the Norwegian Graduate
School of Management, Oslo, the Ecole Superior de Commerce
de Paris and the University of Otago, New Zealand. He is a
past Chair of the Audit Section of the American Accounting
Association and past President of the American Accounting
Association. Professor Bailey holds a Ph.D. in Accounting
from The Ohio State University, and B.S.B. and M.S. in
Accounting degrees from the University of Minnesota.

     Professor Bailey's research interests include various
issues concerning auditing and auditing technology, but most
consistently those matters involving the interrelationship
of accounting information systems and auditing.  His
research findings have been published in The Accounting
Review, Auditing: A Journal of Practice & Theory, the
Journal of Information Systems and in a number of management
information systems journals. Professor Bailey has served as
the co-editor of Auditing: A Journal of Practice & Theory,
associate editor of The Accounting Review and most recently
editor of The International Journal of Accounting.

     At the Commission, the Academic Accounting Fellow
serves as a research resource for the staff by interpreting
and communicating research materials as they relate to
various areas of interest to the SEC.  In addition, the
Academic Fellow has been assigned to ongoing projects in the
Chief Accountant's office, including rulemaking, liaison
with the professional accounting standards-setting bodies
and consultation with registrants on accounting and
reporting matters.  Professor Bailey will replace the
current academic accounting fellow, Professor J. Richard
Dietrich, who will become Chair of the Department of
Accounting & MIS at The Ohio State University.


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