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.
Definition. The set of accounting standards for performance audits and financial audits of government agencies, produced by the Government Accountability Office.The general standards include independence, due care, continuing professional education, supervision, and quality control.hese standards are used by auditors evaluating government offices, and for some audits of the private sector as well.