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.
Narrative: Internal Audit. The Texas Internal Auditing Act requires external quality assurance reviews of internal. audit programs every three years. The purpose of the reviews are to ensure compliance with. auditing standards, to evaluate the Office of Internal Auditâs effectiveness in carrying out its. mission, and to identify opportunities to enhance the department's management and work. processes.