Question
Obtain the Annual Report (Form 10K) and Proxy Statement (Form DEF 14A) of the company, Walmart, for the immediate past fiscal year. Review these documents
Obtain the Annual Report (Form 10K) and Proxy Statement (Form DEF 14A) of the company, Walmart, for the immediate past fiscal year. Review these documents in addition to Earnings Releases and other financial information available on the companys Investor Relations website to evaluate the following items.
Audit Committee
- Identify members of the Audit Committee of the Board of Directors, its functions, and number of meetings held.
- Determine if the composition of this committee satisfies Public Company Accounting Oversight Board (PCAOB) requirements in terms of independence and accounting knowledge.
- Review the audit committee report and discuss Committee actions. Determine how these actions ensure the integrity of the audited financial statements.
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Auditing Cases An Active Learning Approach
Authors: Mark S. Beasley, Frank A. Buckless, Steven M. Glover, Douglas F. Prawitt
2nd Edition
0130674842, 978-0130674845
