Because if the audit has found an irregularity, then the reason for and source of this irregularity must be discovered and discovery requires an investigation.
s
Auditing investigates account details, bookkeeping methods, procedures, and practices. If any irregularities or suspicious situations are noted an investigation may be recommended.
Auditing begins where Accountancy ends.
andi
Both auditing and investigation involve examining and evaluating financial information to ensure accuracy and compliance. They both require gathering evidence, analyzing data, and drawing conclusions based on findings. Both processes aim to uncover errors, fraud, or illegal activities.
Thomas W. Golden has written: 'The auditor's guide to forensic accounting investigation' -- subject(s): Auditing, Forensic accounting, Fraud investigation
Auditing involves reviewing financial records and procedures to ensure compliance with regulations and accuracy of information. Investigation starts when suspicions of fraud or misconduct arise, requiring a deeper dive into specific transactions or activities through interviews, forensic analysis, and legal actions. Essentially, auditing focuses on general assessments of controls and processes, while investigation delves into specific incidents or allegations with the aim of uncovering wrongdoing.
Investigation
1 day before the lab investigation..i thinkk=]
1908
Since the early part of the twentieth century, CPAs have audited financial statements.
Well, in 2009, It starts September 20th and ends December 21st.