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.
An audit is a tool that you can use to assess compliance in the workplace. An audit involves a survey to: 1  Identify what regulations apply to a company or facility. 2  Determine whether environmental and workplace safety requirements, and corporate policies and procedures regarding compliance, are being followed.3  Assess management systems currently in place to ensure compliance. Determine whether environmental and workplace safety requirements, and corporate policies and procedures regarding compliance, are being followed. 2  Assess management systems currently in place to ensure compliance. 3  An audit may also look at and evaluate the methods used to achieve compliance.