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Auditing vs. Investigation — What's the Difference?

Auditing vs. Investigation — What's the Difference?

Difference Between Auditing and Investigation

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Auditing

An examination of records or financial accounts to check their accuracy.

Investigation

The action of investigating something or someone; formal or systematic examination or research
He is under investigation for receiving illicit funds

Auditing

An adjustment or correction of accounts.

Investigation

The act or process of investigating
A politician under investigation.

Auditing

An examined and verified account.
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Investigation

A careful examination or search in order to discover facts or gain information.

Auditing

A thorough examination or evaluation
An audit of water use.

Investigation

The act of investigating; the process of inquiring into or following up; research, especially patient or thorough inquiry or examination
The investigation into the crime has led to various leads as well as plenty of dead ends.
Despite thorough investigation, the perpetrator of the attacks remains unknown.
Carry out an investigation
The matter is awaiting investigation
The case is still under investigation.

Auditing

To examine, verify, or correct the financial accounts of
Independent accountants audit the company annually. The IRS audits questionable income tax returns.

Investigation

The act of investigating; the process of inquiring into or following up; research; study; inquiry, esp. patient or thorough inquiry or examination; as, the investigations of the philosopher and the mathematician; the investigations of the judge, the moralist.

Auditing

To attend (a course) without requesting or receiving academic credit.

Investigation

An inquiry into unfamiliar or questionable activities;
There was a congressional probe into the scandal

Auditing

To examine or evaluate (something) thoroughly
Audit a house's energy consumption.

Investigation

The work of inquiring into something thoroughly and systematically

Auditing

To conduct an audit.

Auditing

Present participle of audit

Auditing

The act or result of performing an audit.

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