Quick Definition

Quality control in finance refers to the systematic process of ensuring that financial products, services, and operations meet specific standards of quality and compliance.

Examples

• 1A mutual fund manager conducting regular reviews of portfolio holdings to ensure alignment with the fund's investment strategy.
• 2A bank implementing rigorous checks to prevent errors in customer account statements.
• 3An investment firm using quality control measures to verify the accuracy of its financial reporting.
• 4A brokerage ensuring that all trades are executed in accordance with client instructions and regulatory requirements.

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