Conducting the Annual ACH Rules Compliance Audit (Step-by-Step)
23-October-2024 :01:00 PM EDT Duration : 90 Minutes
Donna K. Olheiser,
Donna K Olheiser, AAP, is the vice president of Education Services and founder of Dynamic Mastership, LLC. She is an enthusiastic and energetic Certified Master Trainer with over 14 years’ training experience. She has designed and facilitated over 100 training sessions each year with her exp Read more
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 to the RDFI or ODFI, conduct an annual ACH audit by December 31 of each year (ACH Rules, Article 1).
There have been many Rules changes since 2019 that affect your annual ACH Rules Compliance Audit in 2021, including the verification of registration and accuracy of the info in the ACH Contact Registry (new in 2020!).
This session will cover “step-by-step” the audit process and requirements for each participant conducting an annual ACH audit, to help ensure their compliance with the Nacha Operating Rules.
Why Should You Attend:
The annual ACH Rules Compliance Audit requires a precise examination of all ACH processes that a participant is involved in, then completing the “compliance test” of those processes to ensure compliance with the Nacha Operating Rules.
There are NEW Unauthorized Returns processes (with an additional ODFI monitoring requirement), PLUS a NEW ACH Contact Registry verification requirement added to the annual ACH Rules Compliance Audit!
This session will identify who needs to conduct an annual ACH Audit.In addition, outline the process for each participant that is required to conduct the annual Rules compliance Audit, plus offer tips and guidance for creating your own personalized ACH Audit (based on the ACH activities you utilize).
Course Outline:
• Identify the participants in the ACH network required to conduct an annual ACH Rules compliance Audit
• Define what the General Audit Requirements are (now in Article 1)
• Discussion on tools available in the NACHA Operating Guidelines for guidance when conducting the annual ACH Rules Compliance Audit.
• Review the flexibility for each participant when following the Guidelines, which include the ODFI, RDFI, TPSP and TPS within the Rules Book
• Describe “how-to” ensure Rules Compliance after determination of what ACH activities are being audited
• Recommended areas to check (audit) in addition during the ACH Audit
What You Get:
• Training Materials
• Live Q&A Session with our Expert
• Participation Certificate
• Access to Signup Community (Optional)
• Reward Points
Who Will Benefit:
• ACH Operations staff
• Compliance Officers
• Treasury professionals
• Third-Party Payment Processors
• Third-Party Senders
• ACH Managers
• Electronic Payments Professionals
• ACH auditors (internal and external)
Please reach us at 1-888-844-8963 for any further assistance or if you wish to register
Contact Us
Similar Trainings
How to Conduct an ACH Risk Assessment and Develop an Effective Risk Management Program
LIVE : Scheduled on
29-October-2024 :01:00 PM EDT
|
Guidance for Stop Payments vs Unauthorized Transactions
LIVE : Scheduled on
06-November-2024 :01:00 PM EST
|
Detecting and Auditing for Fraud in Financial Statements: Identifying the “Red Flags” and Risk Management Techniques
LIVE : Scheduled on
26-November-2024 :01:00 PM EST
|
Subscribe Now
Subscribe to our newsletter and get industry updates along with exclusive deals on related trainings
SimpliCompliance.com is world‘s best online and classroom learning platform based in New York, USA. We offer quality learning in Professionals Certifications, Compliance and Technology courses through Online & Classroom training, webinars, seminars, workshops and conferences. | more...
Subscribe to our newsletter
