Özet:

Control function at a business level is realized by the establishment of an internal control process where the efficiency of the internal control system totally depends on the implementation of internal audit process itself A deficiency at a control function stage demolishes the internal discipline and especially retards the decision making process via the flow of information This altogether does not only hinder the flexibility in action taking but also hinders the existing trust in economic environment Under such circumstances to avoid unwanted developments business can take the following steps 1 Developing a strong internal control system 2 Improving the internal control process and 3 Organizing an external independent auditing Key Words: Internal Auditing Independent External Auditing Determinants of Cost of Independent External Audit

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