For the project, you are to put together an audit plan for the company of your choosing. Obtain the latest financial statements for your company and use the most recent fiscal period as what your client would assert to you at the beginning of the audit. For example, if you choose a company with a December 31 fiscal year-end, you would probably use 12/31/16 numbers as a current year starting point. Some of the items you could include in your audit plan include, but are not limited to, the following:

Documentation of your understanding of the business, company history, the industry it operates in, regulation it is subjected to, etc.

Documentation of your risk assessments related to the company. This could include risks related to the previous bullet above, risks related to any incentives, fraud, illegal acts, related party transactions, etc, or accounting specific risks related to line items on the company's financial statements.

Audit programs documenting risk assessments (inherent and control) for the accounting area this pertains to (i.e. revenues, accounts payable, intangible assets, etc), possible control testwork and substantive procedures to be performed, etc.

At the very least, I would think you'd have audit programs for accounts you deem associated with any significant risks and for accounts comprising major parts of company business

REQUIRED: Illustrate the role of big data in performing these audit procedures.

A plan for preliminary analytical procedures based on current year and prior year financial statements.

The company is Walmart.