INVESTIGATION :

Investigation is an exercise which is carried out with a specific objective. The investigation means in-depth analysis of books of accounts, transaction, and event. Investigation exercise is voluntary in nature and used extensively by Internal and management auditors.

It is neither accounting nor auditing but a special audit limited or extended scope keeping in view the object behind it. It is intensive and comprehensive than auditing. Dicksee has defined it thus: ”An investigation is an examination of accounting records for a specific purpose“.