Global Standard Glossary

There are 2 entries in this glossary.

Term	Definition
Virtual audit	A a type of remote audit that is conducted entirely online, using virtual tools and platforms to assess compliance with the relevant Standard criteria.
Volume reconciliation	Calculation process by which it is ascertained that output volumes of a product’s certified materials are compatible with their corresponding input volumes. Input volume and output volume of the certified material used for a product are compatible if their ratio falls within a given percentage range, which reflects estimated production losses specific to the production process of the particular product, and if the input volume can be demonstrated to have been available on stock.

Term

Definition

Virtual audit

A a type of remote audit that is conducted entirely online, using virtual tools and platforms to assess compliance with the relevant Standard criteria.

Volume reconciliation

Calculation process by which it is ascertained that output volumes of a product’s certified materials are compatible with their corresponding input volumes. Input volume and output volume of the certified material used for a product are compatible if their ratio falls within a given percentage range, which reflects estimated production losses specific to the production process of the particular product, and if the input volume can be demonstrated to have been available on stock.