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1) The purpose of audit is to determine the true and fair view of any given process or book of records, however the purpose of investigation varies. In terms of business - investigation might take place on the audit findings.
2) Audit can be done on a sample basis, however investigation has to be thorough.
3) An audit is conducted without any prior knowledge of the flow/unfair practices, however investigation is majorly conducted on a finding/realization of an unfair practice.
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