1. Definition of investigation & Divergence flanked by Investigation and Audit
Summary: The investigation may examine workers personally. The auditor does not examine
employees personally. The investigation is usually performed after the audit of accounts. The
audit is usually performed before the investigation of accounts. There is no legal prerequisite
to disclose information in examination. The auditor requires the full disclosure of information
under the law.
The reason of investigation varies from business to business. The reason of audit is to
conclude the true and fair view. The investigation narrates to dangerous examination of
meticulous records. The audit relates to checking of all books and record.
Introduction: The reason of investigation varies from business to business. The reason of
audit is to determine the true and fair view. The investigation relates to critical checking of
particular records. The audit relates to checking of all books and record. The investigation
may be performed on behalf of proprietors and outsiders like investors. Audit is performed on
behalf of proprietors only. The appointment is made by them. Investigation work can be
completed through cent percent checking.
Definition of investigation:
The act of investigating; the procedure of interested into research; study; inquiry, esp. patient
or thorough question or examination; as, the examinations of the logician and the
mathematician; the investigations of the moderator,
As a clear definition is investigation means as inquiry into the accounts of a business for a
special purpose. It is an examination of the book s of account of a business to know its actual
financial position or earning capacity, other than investigating is a kind of special audit with a
limited or extended scope according to the purpose for which it is conducted investigation is
neither accountancy nor auditing. Investigating involves inquiry the Books of accounts into
the technical financial and the economic position of the business or organization
In additional - An assessment is an arranged attempt to obtain information about or to make a
test of something, often something presented for observation: a physical examination. An
inquisition is an investigation made by asking questions rather than by inspection, or by study
of available evidence: an inquiry into a proposed bond issue. Research is careful and
sustained investigation.
Divergence:
01. Investigations- investigation is usually carried out on behalf of outsiders who propose to
procure the business or who desire to loan money and thus want to know the earning
capability or the financial situation of the apprehension, though it may be carried out on
behalf of the proprietors where the suspect any fraud or by then central government at the
occurrence of the shareholders or the court,
Audit- audit is demeanor on behalf of the shareholders or proprietors
02. Investigation- investigation may envelop a stage make longer over three to seven years
Audit- the audit of accounts is frequently for a year or six months,
03 Investigation-.Investigation is not enforced according the law

2. Audit-accounts of a joint stock company must be audited according the regulation,
04. Investigation - The report of the investigation is feature and (I) the directions given to
him (II)the technique of loom (III) the work accepted out (IV) the credentials relied upon and
his conclusion and often his approvals to the consumer
Audit -The report of the auditor is pigeonholed except for when the states the summits on
which he is not pleased with observed to the financial records of the client
05. Investigations- investigations resources investigate or penetrating, it is totally dissimilar
from audit & accounts, it doest narrates to these two.
Audit- audit means, vouching & measurement of accounts, finalization of accounts, it is very
close to accounts; audit should be done by auditor only
06. Investigation - investigation is connected to methodical explore down of the subject
matter and it’s particularly related to some suspicious,
Audit- audit is related to give your estimation that financial statement demonstrates true and
fair view. Here, the subject matter is little bit different actually the dissimilarities of extent
come here.
07. Investigations-investigation is a progression of pessimistic loom. We look into books of
accounts and financial statements as if something fraud, appropriation of funds etc, occurred.
Audit-audit is s procedure of optimistic loom where we look into the books whether all the
requirements are complied with, that’s y the renowned phrase come "auditor is a watch dog
but not blood hunt"
08. Investigation- the repot of investigator is sent to the party which appointed him for the
purpose of investigation,
Audit -audit repot sent to the managing director, chairman of the company who places it
before the shareholders,
09. Investigation -in case of investigation the net profit or the concrete earning competence
of the concern is established by manufacture certain adjustment in the profit as designed by
the financial statement or the auditor
Audit -The case of an audit is not so in
10. Investigation- the investigator is not troubled
Audit- the financial policy of the company is being followed or not but in the of the auditor
he has to state that fact, like the technique of the valuation of stock is being consistently
followed or not or where there has been a change in the method of providing depreciation and
its effect on the profit etc
Conclusion: a lot of things will happen during a crime scene investigation, but mainly it is
about collecting corporeal evidence. The process of what emerges at an offense scene is very
compound. It engaged a number of different examined and compilations that help to solve a
crime. To audit means to go through the procedure of exploratory, and verifying a companies
financial records and sustaining documents. as a business might go during an audit for any

3. number of reasons, such as deficient to attract investors, get a loan, or sell the business, for
many business people the word "audit" is welded to the words "income tax".