MENLO PARK, Calif. – June 4, 2013 – Bob Hirth, a senior managing director with Protiviti (www.protiviti.com), a global consulting firm, has been named chairman of the Committee of Sponsoring Organizations of the Treadway Commission (COSO), the organization that provides thought leadership and guidance on internal control, enterprise risk management, and fraud deterrence.
“I am thrilled to become the chairman of COSO and look forward to communicating with many organizations and individuals on the key enhancements to and benefits of the recently revised COSO Internal Control Framework,” said Hirth. “I also look forward to working with all of COSO’s sponsoring organizations and the many other firms and professionals who have contributed to COSO in developing and disseminating additional thought leadership materials on topics relevant to and aligned with our mission. My last eleven years at Protiviti have been a critical part of preparing me for this leadership role and for delivering on COSO’s mission and focus on risk management, internal control and fraud deterrence.”
“We congratulate Bob for being selected to lead COSO, and I know he will do an outstanding job to help fulfill its mission,” said Joseph Tarantino, Protiviti president and CEO. “Bob’s extensive experience and knowledge of internal audit, plus his tireless work ethic, ensure that COSO is in good hands.”
A founding member of Protiviti and leading industry voice on issues surrounding risk management and internal controls, Hirth’s selection was driven in part by his professional prowess, adept public speaking and leadership skills, and commitment to organizational success achieved through effective governance practices.
Hirth was chosen by the committee following an extensive four-month search process. He will succeed current COSO chair David Landsittel, who has served since 2009. Hirth will serve a three-year term, which began June 1, and will remain located in San Francisco.
Hirth has more than 25 years of professional services experience working with a broad range of global, public and local private organizations in a variety of industries, helping them manage their most significant business risks and issues. During his career, he has served as executive vice president for global internal audit for Protiviti and is currently serving a two-year term (2012-2013) on the Standing Advisory Group of the Public Company Accounting Oversight Board (PCAOB). He is a member of Financial Executives International (FEI) and The Institute for Internal Auditors (IIA). In March 2013, Hirth was inducted into The Institute of Internal Auditors’ Hall of Distinguished Audit Practitioners.