Walmart's auditor is Ernst & Young LLP.
Understanding Walmart's Auditor
Ernst & Young LLP, commonly known as EY, serves as the independent registered accounting firm responsible for auditing Walmart's financial statements. This firm brings significant experience to Walmart's audit, ensuring thorough and reliable financial oversight for one of the world's largest retailers.
The expertise of Ernst & Young LLP and the fees associated with their services are considered appropriate for the breadth and complexity of Walmart's extensive global operations. This ensures that the audit process is comprehensive and aligned with the company's vast scale and intricate business model across numerous countries.
The Role of an Independent Auditor
An independent auditor plays a vital role in corporate governance and financial transparency. Their primary responsibilities include:
- Ensuring Accuracy: Verifying that a company's financial statements are presented fairly, in all material respects, in accordance with applicable accounting principles.
- Building Investor Confidence: Providing an unbiased, external opinion on financial reports, which helps to build trust among investors, shareholders, and other stakeholders regarding the reliability of the financial information.
- Maintaining Regulatory Compliance: Confirming that the company adheres to relevant financial reporting standards and regulatory requirements set by bodies like the U.S. Securities and Exchange Commission (SEC).
- Identifying Risks: Assessing internal controls and financial processes to identify potential risks or weaknesses that could impact financial reporting.
Key Facts About Walmart's Auditor
For a clearer overview, here are some key facts about Walmart's engagement with its auditor:
| Attribute | Detail |
|---|---|
| Firm Name | Ernst & Young LLP (EY) |
| Type of Firm | Independent Registered Accounting Firm |
| Experience | Possesses significant experience specifically tailored to Walmart's audit needs. |
| Suitability | The firm's expertise and the fees charged are deemed appropriate for the vast scale and intricate nature of Walmart's global business operations, as detailed in company filings. |
| Source | Information regarding Walmart's auditor is publicly available in their filings with regulatory bodies, such as the Definitive Proxy Statement filed with the U.S. Securities and Exchange Commission (SEC), which provides details on corporate governance and auditor appointments. |
