SEC Chief Accountant Don Nicolaisen said, "Andy joined the Commission in January of 2004 as Deputy Chief Accountant to lead our audit group. Since then I have come to deeply respect Andy's objectivity, intellect, and his great desire to enhance the quality of audits. Andy has successfully led our efforts around many important projects including the implementation of Section 404 of the Sarbanes-Oxley Act. He also has been a driving force in establishing our working relationship with the Public Company Accounting Oversight Board. Andy has been a great friend and colleague, a tremendous asset to our office, to the Commission, and to the investing public."
As Deputy Chief Accountant, Bailey's primary responsibilities were in the Professional Practice Group focusing on auditing and independence matters. In that role, he forged a close working relationship with the Public Company Accounting Oversight Board to fully implement sections of the Sarbanes-Oxley Act.
"I have never known a more dedicated, intelligent, hardworking and collegial group than those I have been privileged to meet and work with at the SEC and PCAOB. These people have committed themselves to the public interest and strive daily to satisfy the conflicting demands of that commitment. I am honored to be able to call many of them friends. My two years at the Commission will always be remembered because of the work and the people," said Bailey.
Prior to joining the Commission, Bailey was the Ernst & Young Distinguished Professor of Accounting, Director of the Center for International Education and Research in Accounting (CIERA) and Editor of The International Journal of Accounting (TIJA). During the academic year 2000, he served as Academic Accounting Fellow in the Office of the Chief Accountant at the SEC. From autumn 1994 to summer 1997, he was Head of the Department of Accountancy, University of Illinois.
Bailey earned two degrees at the University of Minnesota, B.S.B. and M.S. in accounting, before earning his Ph.D. in accounting at Ohio State University in 1971. Earlier, he was the Deloitte & Touche Professor of Accounting and Head of the Department of Accounting at The University of Arizona. He has also been a faculty member at the Universities of Maine, Minnesota (Department Chair), Iowa, Purdue, and Ohio State University (Arthur Young Professor of Accounting). He has been a Visiting Professor at the University of Queensland in Australia, Otago University in New Zealand, the Norwegian Graduate School of Management in Oslo, Norway, and Groupe Ècole Superieure de Commerce de Paris (ESCP) in Paris, France. He is a Past President of the American Accounting Association and Past Chairman of the Auditing section of the AAA. He has served as co editor of Auditing: A Journal of Practice & Theory, Associate Editor of The Accounting Review and The Journal of Information Systems, and has served on numerous academic journal review boards. He was the national Beta Alpha Psi Accountant of the Year (Educator), 1996. His research interests include a range of auditing and professional issues, including auditing in a computerized environment.
Bailey has earned the Certified Public Accountant, Certified Internal Auditor, Certified Management Accountant and Certified Fraud Examiner certificates.
He and his wife, Irene, have two children and four grandchildren. They will take up residence in Cottonwood, Ariz., after leaving the Commission.
