1. Auditing Process At Wal-Mart
Introduce the title of the presentation.
AUDIT PROCESS. BY

2. INTRODUCTION
Auditing is a process which involves verification and examination of a company’s / firm or any other institutions' financial statements and reports which is done by individuals known as auditors.
There are two types auditors namely; the internal and external auditors.
Internal auditors are individuals employed by the firm to perform audit work within the organization.
External auditors are sourced outside the firm who also, perform the audit work.
Define what’s is meant by auditing. The types of auditors and state the main subject matter of the presentation.

3. INTERNAL AUDIT
The main purpose that firms conduct internal audit is to ensure that they manage risk and meet set strategic objectives.
Internal audit ensure internal controls of a firms’ operational activities.
The reports are compiled and reported to the management within an organization stating whether set objectives have been achieved.
In any given organization, internal audit must be conducted and presented to the management. In many instances, its done at the end of a financial year. There must be an audit follow up after the audit.

4. INTERNAL AUDITING AT WAL-MART
Internal auditing at Wal-mart is monitored by an audit committee whose functions are:
Oversee the audit process by ensuring all regulations related to the audit process are followed.
Ensure that auditors adhere to the set audit control regulations as provided by GAAP.
Determine whether the audit process is carried out in pact to the set objectives.
Enhance communication and interaction between the external and internal auditors.
Explain the internal auditing processes at Wal-mart.

5. Internal auditing at Wal-Mart.
The audit committee verifies and approves all audit reports and statements.
Internal auditing at Wal-mart depends on the following key factors; risk assessment, monitoring, environment, control activities and information communication.
These factors help in determining the shape of an organization internal controls.
As at 31st January ,2007, Rogers, Arkansas reported that Wal-Mart had maintained proper financial audits which were in accordance to the (PCAOB).
Explain the roles of the Audit committee at Wal-Mart.

6. AN ILLUSTRATION OF AN INTERNAL AUDIT PROCESS
DEVELOPING AN AUDIT PLAN
DETERMINING THE AUDIT APPROACH
PERFORM THE AUDIT
REPORT THE RESULTS TO THE MANAGEMENT
RISK ASSESSMENT
Explain the five steps of an internal audit process.

7. EXTERNAL AUDIT
External audits are conducted to evaluate a firms’ financial positions by evaluating the net accounts.
They are performed by registered auditors that are not part of an organization. They are conducted under certain guidelines provided by the law. Hence, they are regulated.
After the audit has been conducted, the external auditors report to the shareholders, owners and directors of a firm.
External audits must be reported to the public.
Explain the various roles of an external audit.

8. AN ILLUSTRATION OF AN EXTERNAL AUDIT PROCESS.
DIRECTORS
SHAREHOLDERS
EXTERNAL AUDITOR
Explain the audit process of an external auditor.

9. EXTERNAL AUDIT AT WAL-MART.
A registered external auditor is sourced outside the organization.
The audit committee validates the external auditor audit process by ensuring that the auditor follows the stipulated regulations of accounting controls.
The audit committee then validates the audit reports provided the auditor and presents them to the directors.
The directors then report the audit report to the public who are the shareholders and investors of the firm.
Explain the various processes of the external auditing at Wal-Mart.

10. CONCLUSION.
Verifying and examining financial statements and reports of a firm is crucial as it helps in determining the financial health and position of a firm.
It also helps managers and directors of a firm in strategic decision-making.
Auditing helps managers determine whether the firms’ operations are in line with the company's’ set objectives.
In conclusion, Wal-Mart has recorded successive audit reports and statements which are in accord to the provided regulations and its long-term objectives.
Conclude by a joke or thanking the audience for being attentive.

11. REFERENCES.
Nicholas Copeland. (2013, May 11). ‘The World of Wal-Mart: Discounting the American Dream. 'Retrieved from:
Charles Fishman. (2006, July 04). ‘ The Wal- Mart Effect.’ Retrieved from:

12. THANK-YOU.