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

Questions to ask before committing to the cloud

Cloud computing has its pros and cons. In this report, we answer common questions CPAs may have as they consider transitioning partially or fully to the cloud.

QUIZ

News quiz: IRS reopens an online service, but criticism endures

The IRS brings back the Get Transcript Online service, but the agency faces criticism for its handling of the aftermath of the event that led to the shutdown of the service. See how much you know about other recent news with this quiz.

CHECKLIST

Auditing risks in culture

Cultural flaws can seriously damage an organization. Here’s how internal auditors can reduce risks by embedding culture audits into existing audit programs.