principal audit work

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 count

analytical procedures e,g confirm reasonabliness of estimates or ratio analysis

hope it helps

This is a good way of remembering the principal audit work thanks a lot

Does anyone have access to the LSBF mock questions and answers