Terry Grafenstine Appointed as Chair of The Institute of Internal Auditors’ Global Board for 2024-2025
Terry Grafenstine Appointed as Chair of The Institute of Internal Auditors’ Global Board for 2024-2025
ORLANDO, Fla., July 18, 2024 – In a significant announcement made at the conclusion of The Institute of Internal Auditors’ (IIA) Annual Business Meeting and 2024 International Conference in Washington, DC, Terry Grafenstine has been named the new Chair of the Global Board of Directors for the 2024-2025 term.
Grafenstine, a seasoned professional with over 25 years of experience in leadership roles across internal audit and information technology, is set to bring a wealth of knowledge and expertise to her new position. Her tenure as the Inspector General of the U.S. House of Representatives from 2009 to 2017, where she was responsible for a comprehensive range of audit, advisory, and investigative services, highlights her capability and dedication to the field.
Currently, Grafenstine holds the position of Chief Audit Executive at Pentagon Federal Credit Union, leading internal audit teams in scrutinizing all operational aspects. Her previous roles include serving as the global chief auditor for Operations & Technology at Citi, where she led audit teams across more than 150 countries, and as Managing Director in Deloitte’s Risk and Financial Advisory practice.
Before ascending to the role of Chair, Grafenstine contributed her skills and insights on both the IIA’s North American and Global Boards of Directors. Her influence in the field has been recognized through her inclusion in The IIA’s "Top Ten Audit Thought Leaders of the Decade" and her induction into The IIA’s Hall of Distinguished Audit Practitioners. Grafenstine’s leadership extends beyond The IIA, having served as the ISACA’s Global Chair from 2017 to 2018 and as a member of the AICPA board of directors.
Anthony Pugliese, President and CEO of The IIA, expressed enthusiasm about Grafenstine’s appointment, particularly at a time when the internal audit profession is poised for transformation. The unveiling of The IIA’s Vision 2035 Report during the conference underscored the urgent need for the profession to adapt to technological advancements to preempt potential risks and innovate audit practices. Pugliese praised Grafenstine’s extensive background in technology infrastructure and cybersecurity as ideal for guiding The IIA into a future marked by significant changes.
Grafenstine’s leadership platform, "Ask Questions," aims to empower internal auditors to delve into the complexities of modern organizational operations and the emerging risks they face. Emphasizing the importance of addressing technological changes, her platform focuses on enhancing skills in cyber governance, risk management, and access controls, with a keen eye on the implications of artificial intelligence and compliance with evolving regulations.
Grafenstine shared her vision for her tenure, emphasizing the critical role of curiosity and the pursuit of knowledge in the success of internal auditors. She is committed to equipping The IIA’s staff and members with the necessary tools and educational resources to tackle pressing concerns and elevate the value they deliver to stakeholders.
The Institute of Internal Auditors is the premier global organization for the internal audit profession, serving over 245,000 members worldwide and having awarded more than 195,000 Certified Internal Auditor (CIA) certifications since its inception in 1941. The IIA continues to be at the forefront of setting standards, certifications, education, research, and technical guidance for the profession.
For more information about The IIA and its initiatives, please visit theiia.org.
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SOURCE The Institute of Internal Auditors