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.
According to the Institute of Cost and Management Accountants of Pakistan, a cost audit is an examination of cost accounting records and verification of facts to ascertain that the cost of the product has been arrived at, in accordance with principles of cost accounting. [citation needed]