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The Institute of Internal Auditors North AmericaBreadcrumb SeparatorNewsBreadcrumb SeparatorIIA Mourns Loss of Longtime Volunteer Mike Pryal

IIA Mourns Loss of Longtime Volunteer Mike Pryal

Mike PryalA commitment to excellence, deep passion for his work, and unwavering friendship defined Michael F. Pryal, CIA, CRMA. Friends and colleagues say his insight as an internal auditor and talent for solving complex problems turned difficult challenges into successful opportunities as he strived each day to bring value to his organization and to others.

Pryal, vice president of internal audit at Federal Signal Corp. in Oak Brook, Ill., and until recently chairman of The Institute of Internal Auditors’ Audit Committee, died Oct. 21. He was 60.

Pryal led a distinguished career spanning more than 35 years in consulting and internal audit. At Federal Signal since 2010, he was responsible for development of global risk assessment, internal audit plan execution, COSO framework adoption, and monitoring of corporate compliance and governance processes across a diversified company portfolio.

Previously, he was one of several former Arthur Andersen partners who founded Protiviti, where he was managing director until 2009, when he formed Michael Pryal & Associates, a risk consulting and advisory practice. Earlier in his career, Pryal served as director of internal audit at Keebler Co. and manager of internal audit at Turtle Wax.

A dedication to the internal audit profession led to a longtime association with The IIA, including membership since 1985. In addition to his tenure as chairman of The IIA’s audit committee, he served on The IIA’s North American Board, investment committee, global finance committee, and communications advisory committee. He was IIA-Chicago chapter president in 1996-97 and vice president from 1993 to 1996.

He also provided crucial support to the Internal Audit Foundation dating back to 2008 and was on the Foundation’s board of trustees from 2009 to 2015.

In addition to his involvement with The IIA, Pryal was treasurer for the Chicago chapter of the March of Dimes.

“Mike was a true advocate for internal audit and an example of its very best. He dedicated himself to elevating the profession and supporting others, whether that meant providing outstanding customer service or becoming involved on an IIA committee or initiative,” said IIA President and CEO Richard F. Chambers. “He encouraged others to also be outstanding and to challenge the status quo. Mike was a treasure in our volunteer community and we will miss him dearly.”

Pryal also was well-known for his friendship, kindness, and compassion toward others.

“Mike loved people and was always available to listen and share his perspective,” said Greg Jaynes, chief audit executive of The IIA. “He challenged others to make a difference and to lead by example.” Pryal is survived by his wife Patricia and children Christine and Victoria. He is the cherished son of Martin and Mary Pryal, dear brother of Brenda and Mike Egan, and fond brother-in-law of Noreen and Charlie Kelly. He is also survived by nieces and nephews.

Visitation is scheduled for 3-9 p.m. Tuesday, Oct.24, at Damar-Kaminski Funeral Home & Crematorium, 7861 S. 88th Ave., Justice, Ill. Mass will be held at 10 a.m. Wednesday, Oct.25, at Saint Patricia Church, 9040 S. 86th Ave., Hickory Hills, Ill.

In lieu of flowers, the family requests donations to the March of Dimes.