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hi,
when a question asks for principal work the examiner is asking you to identify what procedures (A.E.I.O.U) youshould undertake the audit area in question.e.g
inquiry from management or third party
inspection of documents
recalculation to confirm figures for accuracy
observation e.g inventory countanalytical procedures e,g confirm reasonabliness of estimates or ratio analysis
hope it helps
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It is not simply AEIOU, see Lisa’s article below which gives greater detail,
https://www.acca.co.uk/pubs/students/publications/student_accountant/archive/sa_spt09_lw.pdf
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