How to Complete Your ACH Audit - The Ins and Outs of ACH Rule Compliance
Donna K Olheiser, AAP, is Keynote Speaker at ComplianceKey and she is the vice president of Education Services and founder of Dynamic Mastership, LLC.;and holds the Accredited ACH Professional (AAP) designation (achieved in 2004). She is an enthusiastic and energetic Certified Master Trainer with over 14 year's training experience. She has designed and facilitated over 100 training sessions each year with her expertise being the rules for companies and financial institutions when processing electronic (specifically ACH) payments, then scheduling the events to facilitate and deliver the materi........
Overview
The NACHA Operating Rules and Guidelines require that all participating depository financial institutions, third-party senders and third-party service providers that provide ACH services conduct an annual ACH audit to be performed by December 31 of each year (ACH Rules, Appendix Eight). By each participant performing the annual ACH audit, this helps ensure that electronic payments work safely and efficiently for all users. Attend this webinar to gain an understanding of general audit requirements, the functions of a Receiving Depository Financial Institution (RDFI), and also for an Originating Depository Financial Institution (ODFI).
Why should you attend this webinar?
Every financial institution, Third-Party Service Provider and Third-Party Sender that provide any function within the ACH Network is required to complete the annual ACH Audit for Rules Compliance.
This session will outline the Audit process according to Appendix 8 in the NACHA Operating Rules and what elements of your ACH program need to be checked and verified to ensure compliance with these Rules.
Areas Covered in the Session:
- Define General Audit Requirements
- Identify the details of the ACH Audit for the ODFI (and how this pertains to their Originators)
- Outline the Audit requirements for the Third-Party Sender - including the NEW requirement for Registration with NACHA
- List what the Third-Party Service Provider is responsible for in regard to the annual ACH Audit
- Provide tips to help the auditor performing the annual ACH Audit - to ensure compliance with the NACHA Operating Rules
- Review "best practices" and requirements for additional audit requirements (as defined by NACHA)
- Overview of questions to ask while performing the annual ACH Rules Compliance Audit
Who can Benefit:
- Financial Institutions
- ACH Operations Departments
- Audit Departments (within financial institutions)
- Audit Companies/Contractors
- Third-Party Service Providers and Third-Party Senders
- Financial Institution Professionals (New/Current Operations Staff)
- Banking Operations Managers and Staff
- Compliance and Risk Professionals
- Treasury Management Professionals
- Aspiring and Current AAPs (Accredited ACH Professionals)
- Payroll Processors
- Company / Business Owners (Originators)
- Banking Managers/ Supervisors
- Third-Party Service Providers and Third-Party SenderAudit and Compliance Personnel / Risk Managers
