ACCOUNTING AUDITING 2 Introduction Wal-Mart Inc. started in 1945 when its founder, Sam Walton opened the Ben Franklin
store in Arkansas. It has since grown over the years to open multiple other stores in different parts of the country. It also expanded its business overseas and currently operates in about 28 countries worldwide. Wal-Mart is one of the largest corporations in the United States and the world, with over 500 billion dollars of revenue, as per the 2018 financial report. The company serves about 270 million customers every week in its 11,700 stores across the world (Walmart.com, 2019).
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