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...
Unlike External Audit whose main responsibility is to review the financial accounts, Internal Audit is concerned with all aspects of the University's operations including strategic planning, people management, collaborations with other organisations, , use of utilities, selection of suppliers, finance and many others.