Wal-Mart Stores Inc on Thursday said it discovered discrepancies in pricing and inventory at its China operations in 2011 and has since reinforced its compliance policies in the country.
The issues were not material to the company’s operations, Wal-Mart China spokesman Raymond Bracy said.
Wal-Mart implemented a "prescriptive action plan" after an extensive investigation involving external legal and accounting firms. Leadership changes were made and disciplinary action taken, Bracy said in a statement.
(Source: Shanghai Daily)