Leading the Way: Terry Grafenstine's Impact on Accounting
Terry Grafenstine Honored as Leading Female Accountant
Terry Grafenstine, the Chief Audit Executive and Executive Vice President at PenFed Credit Union, has been celebrated for her outstanding contributions to the accounting world. She has been named one of the "Top 50 Women in Accounting" by Ignition, a recognition that highlights the vital role women play in transforming the landscape of accounting and bookkeeping.
Significance of the 'Top 50 Women in Accounting' Awards
The annual Women in Accounting awards are designed to honor remarkable women who promote change and foster innovation in the accounting industry. This year's selection process was highly competitive, featuring 847 nominations from 29 countries, all judged by a panel of esteemed industry professionals. This achievement not only underscores Grafenstine's invaluable role in her profession but also reflects the growing recognition of women's contributions in traditionally male-dominated fields.
Grafenstine's Reaction
Upon hearing about her selection, Grafenstine stated, "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 an impact on the profession and inspiring the next generation of female leaders in the industry. I am deeply honored to be counted among this incredible class of women." Her words encapsulate the essence of the awards, shining a light on the importance of diversity and innovation in accounting.
Grafenstine's Role and Achievements at PenFed
In her capacity at PenFed Credit Union, Grafenstine plays a pivotal role in leading internal audits, ensuring the organization's compliance and effectiveness across its various operations. Notably, she also serves as the Chair of the Global Board of Directors for the Institute of Internal Auditors (IIA), indicating her influence extends beyond her immediate work environment.
Experience and Contributions
With a career spanning over 25 years, Grafenstine has emerged as a thought leader in her field, presenting her insights on topics such as auditing, cybersecurity, and risk management at conferences around the globe. Her accolades include recognition as one of the top ten security professionals by Security Magazine in 2021 and being named one of the "Top Ten Audit Thought Leaders of the Decade" by the IIA, reflecting her extensive expertise and influence in the industry. Additionally, Grafenstine has previously held leadership positions at major firms like Citi and Deloitte, and served as the Inspector General for the U.S. House of Representatives, further establishing her credibility and authority in the auditing profession.
Professional Qualifications
Terry Grafenstine's academic and professional credentials are extensive. She is a Certified Information Systems Auditor (CISA), a Certified Information Systems Security Professional (CISSP), a Certified Internal Auditor (CIA), and a Certified Public Accountant (CPA). Furthermore, she holds certifications in Risk and Information Systems Control (CRISC) and the Governance of Enterprise IT (CGEIT). Her academic foundation in accounting was solidified with a bachelor's degree from Saint Joseph's University.
About PenFed Credit Union
Founded in 1935, PenFed Credit Union is the second-largest federal credit union in the United States, serving approximately 2.9 million members globally. With assets totaling $33.5 billion, PenFed offers a comprehensive range of financial products including competitive rates on mortgages, personal loans, and a variety of credit options. The credit union continuously aims to cater to the needs of its members, while also maintaining high standards of service and financial integrity.
Frequently Asked Questions
What is Terry Grafenstine recognized for?
Terry Grafenstine has been honored as one of the Top 50 Women in Accounting by Ignition for her outstanding contributions and leadership in the accounting profession.
What is the significance of the Women's Accounting Awards?
The Women's Accounting Awards celebrate women who are making significant impacts in accounting, advocating for diversity, inclusion, and innovation in the industry.
What does Grafenstine do at PenFed Credit Union?
At PenFed Credit Union, Terry Grafenstine leads internal audits and ensures compliance across various operations while serving as an influential leader in the profession.
How long has Grafenstine worked in the industry?
Terry Grafenstine has more than 25 years of experience in the auditing and accounting field, during which she has held significant leadership roles.
What qualifications does Terry Grafenstine hold?
She is a Certified Information Systems Auditor, Certified Information Systems Security Professional, Certified Internal Auditor, and holds several other certifications in her field.
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