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.
The SSAE 16 audit will result in a Service Organization Control (SOC) 1 report. This report focuses on internal controls over financial reporting. A SOC 1, Type 1 report focuses on the auditorsâ opinion of the accuracy and completeness of the data center managementâs design of controls, system and/or service. A SOC 1, Type 2 report includes Type 1 and an audit on the effectiveness of controls over a certain time period, normally between six months and a year.