CIMA BA4 | Chapter 5: External & Internal Audit скачать в хорошем качестве

CIMA BA4 | Chapter 5: External & Internal Audit

🚀 CIMA BA4 | Chapter 5: External & Internal Audit (Simple & Exam-Focused) This video explains Chapter 5 of CIMA BA4 in a clear, practical, and easy-to-remember way — perfect for exam revision and first-time learning. If audit feels confusing, this lesson makes it logical and exam-ready. ________________________________________ 📘 What you’ll learn • Why external audit is needed o Principal–agent relationship (shareholders vs directors) o Why shareholders need assurance o How audit reduces information risk • What external auditors do o Audit of financial statements o Audit report: purpose and key content o Modified audit opinions and what they mean • What auditors do NOT do (VERY EXAM-HEAVY) o No guarantee of absolute accuracy o No responsibility for fraud prevention o No preparation of financial statements • Pros and cons of an external audit o Key advantages o Key disadvantages • Internal audit explained simply o What internal audit is o Who internal auditors are o Types of internal audit assignments • Internal vs external audit o Objectives o Scope of work o Independence o Reporting lines ________________________________________ 🎯 Why Chapter 5 matters for BA4 CIMA regularly tests: • Audit expectations and limitations • Differences between internal and external audit • Scenario-based audit questions Understanding this chapter helps you avoid common traps and score easy marks. ________________________________________ 👍 Like the video if it helps 📌 Subscribe for full CIMA BA4 chapter coverage ▶️ Continue learning and stay exam-ready ________________________________________ #CIMABA4 #Audit #ExternalAudit #InternalAudit #CIMAStudents #CIMAExam #CIMARevision #AccountingStudents