Course Individually
Course Description
Auditing Procedures for Public Warehouses is a CPE course that will discuss controls that required for warehouses and the storages of goods. This course will describe the difference between terminal warehouses and field warehouses. This course will define the two general approaches to audit sampling: non-statistical and statistical sampling. This course will discuss the application of professional judgment in assessing sampling risk. This course will review audit procedures in determining the possible existence of material related party transactions as provided by SAS No. 45. Finally, this course will discuss performance and reporting standards as defined by SAS No. 50.
NOTE - This is a Video Self-Study Course
Learning Objectives
At the end of this course, students will be able to:
- Identify controls that are required for warehouses and the storage of goods.
- Identify the difference between terminal warehouses and field warehouses.
- Recognize the two general approaches to audit sampling.
- Identify the application of professional judgment in assessing sampling risk.
- Recognize audit procedures in determining the possible existence of material related party transactions.
- Recognize performance and reporting standards as defined by SAS No. 50.
CPE Credits: 3 CPE for CPAs
Level: Intermediate
Instructional Method: Self-Study
NASBA Field of Study: Auditing
Program Prerequisites: None
Advanced Preparation: None
Revision Date: March 16, 2023
