Protiviti exec Hirth named COSO chairman

BY KEN TYSIAC

Robert Hirth, CPA, a founding managing director of global consulting firm Protiviti, has been named chairman of the Committee of Sponsoring Organizations of the Treadway Commission (COSO).

COSO is a joint initiative of five private-sector organizations, including the AICPA, that provides thought leadership by developing frameworks and guidance on enterprise risk management, internal control, and fraud deterrence.

David Landsittel, COSO’s former chairman, stepped down at the end of May after leading the committee through an update of its popular internal control framework, which was released last month.

Hirth was selected after a four-month search and will serve a three-year term. He is serving a 2012–13 term on the PCAOB’s Standing Advisory Group, and was named to The Institute of Internal Auditors’s American Hall of Distinguished Audit Practitioners this year.

He has had significant international responsibilities with Protiviti assisting practice operations, and led the firm’s western United States region during the early years of the firm’s operations.

“I am honored to be selected as the new COSO chair and look forward to working with the board, each of the sponsoring organizations, and the many other firms and individuals whose goal is to help organizations of all types improve their operations, risk management, governance, and control,” Hirth said in a news release.

Hirth said one of his immediate goals is to effectively and extensively communicate the benefits of the recent update to COSO’s internal control framework.

Ken Tysiac ( ktysiac@aicpa.org ) is a JofA senior editor.

SPONSORED REPORT

Time to prepare for overtime changes

As an employer, trusted business adviser, or HR professional, you will need to be aware of exemption guidance, record requirements, advice for clients, and typical problems in applying overtime pay.

QUIZ

News quiz: Good news on pay and benefits for accountants

CPAs can find much to like in recent reports, including news that their expertise and skills are in such demand that pay is expected to rise and that their employers value professional certifications.

CHECKLIST

Bolster your data defenses

As you weather the dog days of summer, it’s a good time to make sure your cybersecurity structure can stand up to the heat of external and internal threats. Here are six steps to help shore up your systems.