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You Are on the Audit Team for Proctor & Gamble

question 8

Essay

You are on the audit team for Proctor & Gamble, a multi-national corporation with locations in 100 countries and over 150 products. Explain the difficulties of the aggregation process for this type of client.


Definitions:

Gross Domestic Product (GDP)

The complete market or financial worth of every finished good and service made within a nation's frontiers in a certain timeframe.

Consumer Price Index (CPI)

A metric that calculates the mean variation over time in the costs incurred by urban buyers for a selection of consumer products and services.

Inflation Rate

The percentage increase in the price level of goods and services in an economy over a period of time.

Purchasing Patterns

The habits or trends that emerge among consumers regarding how they buy goods or services over time.

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