What ethical and legal liability to accountants and auditors might relate to your SEC 10-K company?

The accountants are impartial and maintain their loyalty to the ethical rules when
analyzing Walmart’s financial records. They should not be under the influence of pressure
from the management and members of the corporate officers. The auditors can benefit the
organization by conducting audits that are considered viable. They will take full
liability for any form of negligence in behavior if any of the examinations is misleading to
the managers and causes damages.

2. What trends in sales, cost of goods sold, and gross profit do you see? Create a small
   table for your records and refer to percentages in terms of year to year change for
   dollar values and the gross profit percentage.
    Dollar values (in millions)
   Fiscal Year 2014 2013 2012

Net Sales 78,812 74,754 70,395

Cost of sales 51,422 48,912 46,133

Gross profit 27,390 25,842

24,262

Gross profit margin 34.7% 34.6% 34.5%

WALMART 3
The net sales, the cost of the sales, and the gross profit margin have increased
simultaneously from the 2012 financial year to the 2014 fiscal year. The gross profit has
increased by 6.5% for the year 2012 to the year 2013. Also, the profit has increased by 6% from
2013 to 2014. However, there has been no considerable increase in the gross profit margin.  

3. Review net income and post comments using the techniques you used for gross
   profit.
    Dollar values (in millions)
   Fiscal Year 2014 2013 2012
   Net Income 5,385 4,535 3,883
   The Net income increase by 16.8% from the 2012 fiscal year to 2013. Equally, there has been an
   increase in the net income by 18.7% from the 2013 to 2014 fiscal year.
4. International Issues:  comment on foreign currency issues and the global picture for
   your SEC 10-K company.
   Walmart may be adversely affected by the existence of local laws and customs. There is
   an aspect of risk inherent while operating internationally. They include the possible adverse tax
   implications and a challenge in increasing the rights appertaining to intellectual property.
   Equally, some risks are associated with the existence of different corrupt activities policy
   together with the local suppliers and the effects on the foreign currency rates of exchange and
   instability. The organization is using derivative instruments of finance in several instances so that
   they can be in a position to manage the interest rate. The interest rate is on their long-term debt,
   and the exposure it will have to foreign currency fluctuation.

WALMART 4

Reference

Walmart Inc. Section 10k. Retrieved from
https://www.sec.gov/Archives/edgar/data/104169/000010416918000028/wmtform10-
kx1312018.htm