Disclosure Analysis Paper

The consolidated financial statements include the accounts of Wal-Mart Stores, Inc. and its subsidiaries. Significant inter company transactions have been eliminated in consolidation. investments in which Wal-Mart has a 20% to 50% voting interest and which Management control are accounted for using the equity method.
The management at Wal-Mart has developed and maintains a system of internal and disclosure controls, including an extensive internal audit program. …