FacultyFaculty/Author Profile

Michael A. Zumach

Regional Transportation Authority
Deputy Executive Director, Audit
Chicago, IL, USA

Michael A. Zumach is an experienced Audit Executive with proven results in creating and leading results-orientated audit and compliance departments in mid- to large public corporations in multiple industries. He has expertise with audits of corporate governance, financial reporting, control evaluation, business process improvement and regulatory compliance activities. During his 30+ years in auditing, he has built, re-engineered, and lead audit departments and he has extensive experience working with senior executives and Board Members.

Mr. Zumach is the Deputy Executive Director, Audit & Ethics Officer since 2012 for Regional Transportation Authority in Chicago, Illinois. He is the Chief Audit Executive responsible for providing an independent, objective assurance activity designed to add value and improve the operations of the four mass transit agencies in Northeastern Illinois. Mr. Zumach also serves as the RTA’s Ethics Officer and as a liaison between the RTA and the State Executive Inspector General and the Illinois Executive Ethics Commission.  He has lead the initial assessment of the new electronic fare payment system utilized throughout Chicago metropolitan area, as well as the review that determined that the largest separation payment to a public official in Illinois history was not in the transportation agency's (Metra) best interest.

Prior to the RTA, Mr. Zumach was the Assistant Vice President Internal Auditing (2009 - 2011) Director, Internal Auditing (2004 - 2009) for NICOR Inc. /NICOR Gas in Naperville, Illinois. He was the Chief Audit Executive with over 20 staff in 3 locations and $2M+ budget. Mr. Zumach reported to Audit Committee and Chief Executive Officer, with frequent interaction with senior executive officers and Corporate/Subsidiary Board members, as well as being a member of Risk Management, Corporate Governance and Disclosure Committees. He also re-engineered audit department into a results-orientated organization that adds value to senior management and the company through consultative reviews and effective data analytics.

Additional professional experience includes Vice President, Finance (2002-2004) and Director, Internal Audit (2000-2002) for Focal Communications. In addition, Mr. Zumach has been Manager at Arthur Andersen in their Business Risk Management practice, Railroad Retirement Board Office of Inspector General, and the Internal Revenue Service Inspection Division.

Education/Professional Achievements

  • Bachelor of Arts-Business Administration-Accounting,University of Central Missouri
  • Certified Internal Auditor
  • Past President-Institute of Internal Auditors, Chicago Chapter, and Association of Government Accountants, Chicago Chapter
Michael A. Zumach is associated with the following items:
CHB Chapters  CHB Chapters Internal Audit: What They Do and How They Focus a Company’s Strategy? (PowerPoint slides) - Pocket MBA 2018: Finance for Lawyers and Other Professionals, Monday, October 01, 2018

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