Former IIA Global Chair Patty Miller Joins COSO Board
Miller succeeds IIA CEO/President Richard Chambers as Organization’s Representative
LAKE MARY, Fla. (July 1, 2020) —Reaffirming its commitment to the Committee of Sponsoring Organizations of the Treadway Commission (COSO) and its work in providing thought leadership through the development of frameworks and guidance on enterprise risk management, internal control and fraud deterrence, The Institute of Internal Auditors (IIA) announced today that it has appointed veteran internal audit leader and former IIA Global Chairman Patricia K. Miller as its representative on the COSO Board of Directors.
The IIA is one of five sponsoring organizations of COSO. Miller succeeds IIA President & CEO Richard F. Chambers, who has represented The IIA on the board since 2009.
Miller, CIA, QIAL, CRMA, has spent more than three decades in the profession, including 14 years with Deloitte, a multinational professional services network, where she served as a lead risk services partner in the United States with some of the firm’s most significant technology and consumer business clients. Miller also led Deloitte’s national risk management function in the U.S. for internal audit services, consulting with other partners on engagement quality.
“This is an important passing of the torch for The IIA, as Richard has dedicated himself to advancing COSO’s initiatives and the importance of effective enterprise risk management and internal control for the past 11 years,” said IIA Global Chairman J. Michael Joyce Jr., CIA, CRMA. “Patty also offers significant expertise in governance, control and risk management, making her an ideal addition to the COSO board. She is well-regarded for her extraordinary leadership and commitment to the profession as a practitioner, speaker, instructor, author, and mentor to scores of other professionals. I am certain that she will help further COSO’s important mission and represent The IIA very well in the years to come.”
Miller, owner of PKMiller Risk Consulting LLC, is a longtime volunteer leader with The IIA, serving as its global chairman in 2008-09. She also has been a member of The IIA’s executive committee and served as chair of the International Internal Audit Standards Board. She was the 2016 recipient of the prestigious William G. Bishop III CIA Lifetime Achievement Award and the Victor Z. Brink Award for Distinguished Service in 2013; and she also was inducted in 2013 into the American Hall of Distinguished Audit Practitioners, which recognizes key individuals who have contributed significantly to the internal audit profession throughout their lifetime.
“I am honored to have been selected to serve on the COSO board,” Miller said, “and I am eager to put my experience to work in serving this well-respected international organization.”
A frequent speaker and trainer on the local and global levels, Miller spent two years as executive-in-residence at the University of Nevada-Reno, teaching a graduate course she developed, “Governance and the Role of Internal Audit.” She also has co-authored research projects for The IIA’s Internal Audit Foundation, including the highly acclaimed book, The Politics of Internal Auditing, and has written for Internal Auditor magazine. Miller is currently a facilitator for The IIA Vision University’s training for chief audit executives.
About The Institute of Internal Auditors
The Institute of Internal Auditors (IIA) is the internal audit profession’s most widely recognized advocate, educator, and provider of standards, guidance, and certifications. Established in 1941, The IIA today serves more than 200,000 members from more than 170 countries and territories. The IIA’s global headquarters are in Lake Mary, Fla. For more information, visit www.theiia.org
Originally formed in 1985, COSO is a voluntary private sector organization dedicated to improving organizational performance and governance through effective internal control, enterprise risk management and fraud deterrence. COSO is jointly sponsored by the American Accounting Association (AAA), the American Institute of Certified Public Accountants (AICPA), Financial Executives International (FEI), the Institute of Management Accountants (IMA), and The Institute of Internal Auditors (IIA). For more information, visit www.COSO.org