I agree with Andy for the most part. My rule has always been that even if the image is amazing, if the audio is bad the audience will hate what they are watching and won't know why (it will be because they have to spend extra effort to understand the audio they are hearing). 

However IMHO for strictly archival and transcription purposes, cheap quick low-quality cellphone/cheap camcorder stuff CAN sometimes work. 

Also per what Isarra said, if audio is being amplified in any way, it's best to plug your video camera/audio recorder into that source directly, or indirectly:
File:2015 Wikimania press conference-3.jpg
Sometimes though, audience members will ask questions, and those might not be recorded. Again, having a professional there helps with this.

On Sat, Jul 18, 2015 at 9:31 AM, Nkansah Rexford <nkansahrexford@gmail.com> wrote:
Recording video* is easy; you can do it on most mobile phones these days.

And on that note, the wiki indaba conference was recorded solely on a mobile phone[1]. Although sound quality wasn't the best, with considerable thought on getting an appropriate accessory to handle sound, phones are also an alternative worth looking into. 

[1] https://www.youtube.com/playlist?list=PLTdU_5c77__7y3igaHAauOyAvo2crj2cp

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Victor Grigas
Storyteller and Video Content Producer