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.
A product audit -- often referred to as a quality audit -- is an inspection of a final product before delivering it to a supplier or a customer. Any company, including small businesses, should conduct regular product audits, as they help improve quality, increase profitability and enhance customer satisfaction and loyalty.