ACCA Audit and Assurance March 26 | Chapter 1 L1 | Meaning, Purpose & Need of Audit

In this ACCA Audit and Assurance Chapter 1 L1 lecture, we explain the meaning of audit, the purpose of conducting an audit, and why assurance is required by shareholders and third parties. This session clearly covers internal audit vs external audit, why external audit must be done by professional accountants, the role of shareholders, directors, and auditors, and how audit provides assurance to banks, government, and investors. The lecture also explains auditor independence, why auditors act as agents of shareholders, and why directors cannot easily remove external auditors. This class is essential for building strong conceptual clarity for ACCA AA exam preparation. 👉 Subscribe for complete ACCA Audit and Assurance lectures 👉 Like & share this video with ACCA students 👉 Join our ACCA online classes for expert guidance 🌐 Visit: www.cica.in