Wal-Mart's compliance costs pile up

|About: Wal-Mart Stores, Inc. (WMT)|By:, SA News Editor

A compliance report from Wal-Mart (WMT +1.3%) discloses that the company has already spent more than $109M to improve its financial controls.

A good portion of the outlay has been spent on creating an internal network of 2K employees dedicated to compliance issues in global markets.

The company forecasts it will spend more than $100M on compliance systems enhancements around the world over the next several years.