The PennZone

TYSONS, Va., Sept. 23, 2024 ~ PenFed Credit Union, the nation's second-largest federal credit union, has recently announced that their Executive Vice President and Chief Audit Executive, Terry Grafenstine, has been recognized as one of Ignition's "Top 50 Women in Accounting" for 2024. This prestigious award honors women who are driving change and innovation within the accounting and bookkeeping industry while promoting diversity and inclusivity.

The judging panel for this award consisted of highly respected professionals from various backgrounds, including business leaders, innovators, entrepreneurs, young professionals, and previous Top 50 Alumni. This year alone, the judges received an impressive 847 unique nominations from 29 different countries.

Upon receiving this recognition, Grafenstine expressed her gratitude and excitement by stating, "I am flattered and excited to have been selected by Ignition as one of the Top 50 Women in Accounting for 2024. This annual recognition celebrates women in accounting and bookkeeping who are making a significant impact on the profession and inspiring the next generation of female leaders. I am deeply honored to be counted among this incredible class of women."

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In her current role at PenFed Credit Union, Grafenstine is responsible for overseeing internal audits across the entire organization. She also serves as Chair of the Global Board of Directors for the Institute of Internal Auditors (IIA). With over 25 years of experience in the field, Grafenstine is a highly respected leader in the audit profession and is known for her expertise in areas such as auditing, accounting, cyber security, leadership, and risk management.

In addition to being recognized by Ignition as one of the Top 50 Women in Accounting for 2024, Grafenstine has also received numerous other accolades throughout her career. In 2021, Security Magazine named her one of the top ten security professionals. In 2019, she was honored by IIA as one of the "Top Ten Audit Thought Leaders of the Decade" and was inducted into their Hall of Distinguished Practitioners. Grafenstine has also held leadership positions at Citi and Deloitte and served as the Inspector General for the U.S. House of Representatives from 2009 to 2017.

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Furthermore, Grafenstine has played a significant role in advancing the auditing and accounting profession through her leadership positions on various boards, including the IIA's North American and global boards of directors, the American Institute of Certified Public Accountants (AICPA) board of directors, and as global chair of ISACA. She also previously served on PenFed's Supervisory Committee and was chairwoman from 2014 to 2018.

Grafenstine's impressive credentials include being a Certified Information Systems Auditor (CISA), Certified Information Systems Security Professional (CISSP), Certified Internal Auditor (CIA), Certified Public Accountant (CPA), Certified in Risk and Information Systems Control (CRISC), Certified in the Governance of Enterprise IT (CGEIT), and earning a bachelor's degree in accounting from Saint Joseph's University in Philadelphia.

Overall, Terry Grafenstine's contributions to the accounting and bookkeeping industry have not gone unnoticed, as she continues to inspire others with her leadership, expertise, and dedication to promoting diversity and inclusivity within the profession.

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