Quality Control Unveiled: Insights From Transaction Monitoring

Ensuring high-quality standards in any organization is an essential ingredient that must be rooted within a company's Quality Management Program (QMP) – a program that creates a framework to ensure quality. The QMP is defined by the organization and incorporates its standard operating procedures (SOP), training initiatives, audits and continuous improvement, Quality Assurance (QA) processes and Quality Control (QC) processes. While both the QA & QC processes are embedded in the QMP, they have similar features such as a high commitment to quality, but they also have distinct differences.

Quality Control is like looking through the front windshield of your car, actively steering the current analysis to ensure it adheres to SOP standards. In contrast, Quality Assurance is akin to checking the rearview mirror, looking back at past processes to confirm compliance and drive continuous improvement. You can say that the QC process involves following the Standard