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.
Compliance Audit. Definition - What does Compliance Audit mean? A compliance audit is a process of comprehensive reviews that focus on an organizationâs commitment to a set of regulatory guidelines or its adherence to a specific contract or terms of agreement. The entity doing the audit may differ according to the nature of the organization and the scope of the audit.