GDP measures the monetary value of final goods and servicesâthat is, those that are bought by the final userâproduced in a country in a given period of time (say a quarter or a year). It counts all of the output generated within the borders of a country.
Product audit â An examination of a particular product or service (hardware, processed material, software) to evaluate whether it conforms to requirements (that is, specifications, performance standards, and customer requirements). Process audit â A verification that processes are working within established limits.
There are two types of audits, internal and external. An internal audit is normally performed by employees or may even be performed by a contracted outside firm. An internal audit is also known as First Party Audit.An external audit is comprised of a Second Party Audit and a Third Party Audit.The Second Party Audit is normally performed by the customer, such as the supplier. The Third Party Audit is performed by a registrar such as IAPMO R&T.Third Party Audit is also known as an independent audit.n external audit is comprised of a Second Party Audit and a Third Party Audit. The Second Party Audit is normally performed by the customer, such as the supplier. The Third Party Audit is performed by a registrar such as IAPMO R&T. Third Party Audit is also known as an independent audit.