HP – Another Weak Line of Defense

“Even with a global approach, Hewlett Packard Co. faces an internal audit recruitment problem. Since the Sarbanes-Oxley Act was passed, the technology giant has boosted its internal auditing department to more than 150 from 30. But finding experienced people has been tough, said Marie Myers, vice president and head of internal audit with Palo Alto, Calif based HP. The company even hired auditors from developing areas like Eastern Europe and India to fill the gaps.“The market is very, very tight,” Myers said. “We’re finding this is a global phenomenon.””

Looks like Ms. Myers is very busy as a Founding Board Member and President Emeritus of the Alliance for Grey Market Abatement.