Merchantable goods are products that are suitable for sale and meet reasonable standards for quality and usability.
Quality Assurance (QA) refers to the management method of guaranteeing that high-quality product and service standards are established and achieved. It aims to create a comprehensive management system known as Total Quality Management (TQM), with the ultimate objective of achieving zero defects.
A Recognized Supervisory Body (RSB) plays a pivotal role in maintaining the standards of the accounting profession by overseeing the conduct and quality of auditors and accounting professionals within a regulatory framework.
