An account does not include: 1  Products or services for which a formal banking relationship is not established with a person, such as check cashing, funds transfer, or the sale of a check or money order.  Any account that the bank acquires.
A quality audit is a process by which you review and evaluate an element of your business to ensure that you're meeting certain standards. The standards varyâyou can set them or you can follow standards set by your industry.
Performing quality audits are important for a few key reasons. For one, it ensures that the business is offering a value to the public. For instance, selling a high-quality product or employing high-quality customer service personnel can fuel future sales.