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.
Process Audit :-Auditor will concentrate on process at each stage & itss relevant parameters process parameters like temperature, pressure, speed etc.Along with this he audits operator competency level , environment condition under which he operates the machine,5S,safety etc...
2. Second party audits. Audits conducted of a supplierâs or contractorâs management system by a customer (external audit). This type of audit is often used to establish how the customerâs contract is being handled by an organization.. Audits conducted by an organizationâs own personnel (internal audits) and mainly directed at improving the management system, and checking compliance of the organizationâs employeeâs work practices and procedures. A properly conducted internal audit programme is recognized as an effective management tool.