Walmart to add more detail to financial reports

BENTONVILLE, Ark. — Wal-Mart Stores Inc. will adjust its future financial reports to add more detail on legal proceedings and cyber security after U.S. regulators asked the retailer to better explain certain matters in its latest quarterly and annual filings, Reuters reported.



Wal-Mart's correspondence with the U.S. Securities and Exchange Commission took place in June and July and was made public on Monday.



The letters include a reference to the "legal proceedings" section of Wal-Mart's quarterly filing, an area under close scrutiny by investors since the New York Times reported an alleged past bribery scheme in Mexico on April 21.



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