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.
appropriate. Compliance Audit A compliance audit is an independent review of an institution's compliance with consumer protection laws and regulations and adherence to internal policies and procedures. The audit helps management ensure ongoing compliance and identify compliance risk conditions.