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People in The News < Back Compliance : Sarbanes Oxley : Technology : Auditing Hirth Named Chairman of COSO
The Committee of Sponsoring Organizations of the Treadway Commission (COSO) – an organization providing thought leadership and guidance on internal control, enterprise risk management, and fraud deterrence – has named Robert B. Hirth Jr. as its new Chairman for a three-year term effective immediately. “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. One of my immediate goals will be to effectively and extensively communicate the benefits of and updated concepts in the recently revised Internal Control – Integrated Framework,” said Hirth. Hirth succeeds David L. Landsittel, CPA, who has served as COSO chairman since 2009. Landsittel noted that, “It has been an honor and very rewarding experience for me to lead COSO, working with such an outstanding board and so many other qualified individuals. I, along with the board, strongly believe that Bob is the right person to take COSO to the next level.” Hirth has participated in various activities of COSO’s five sponsoring organizations, including practicing as a CPA in Texas and California. He is a member of Financial Executives International (FEI), and has been recognized as a thought leader in the internal audit profession. He is currently serving a 2012-13 term on the Standing Advisory Group of the Public Company Accounting Oversight Board (PCAOB) and was named as one of The Institute of Internal Auditors’ latest inductees into the American Hall of Distinguished Audit Practitioners in March 2013. The COSO board extends its deepest gratitude to David Landsittel for his outstanding service and significant contribution to COSO. During his four-year term as chair, he led significant and notable initiatives such as the revision of the Internal Control - Integrated Framework. In addition, he encouraged and oversaw the publication of several thought papers, spoke at dozens of conferences and influenced the global outreach of COSO’s mission and guidance. His expertise, insights and counsel will be missed and the board wishes him much success in his future endeavors. Originally formed in 1985, COSO is a joint initiative of five private sector organizations and is dedicated to providing thought leadership through the development of frameworks and guidance on enterprise risk management (ERM) internal control and fraud deterrence. COSO’s sponsoring organizations are the American Accounting Association (AAA), the American Institute of Certified Public Accountants (AICPA), Financial Executives International (FEI), The Institute of Internal Auditors (IIA), and the Institute of Management Accountants (IMA).
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