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...
Audit Procedures and Objectives. The main objective of an internal audit is to assess and, when necessary, improve the effectiveness of internal business controls, risk-management plans and overall business processes. Audit procedures typically start by assessing current processes and procedures.