The ABC's of Completing the Annual ACH Rules Compliance Audit

This webinar will discuss in detail the requirements of ACH audit including requirements for third-party service provider. It will also provide best practices for the auditor performing the annual ACH audit to ensure compliance with the NACHA operating rules.

Why Should You Attend

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).

Objectives of the Presentation

» 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

Areas Covered in the Session

» General Audit Requirements
1. Agreements
2. Previous audits
3. Retention
» Receiving Depository Financial Institution (RDFI)
1. Pre-notes
2. NOCS
3. Returns, stops and WSUDS
» Originating Depository Financial Institution (ODFI)
1. ODFI agreements
2. Exposure limits
3. Originator obligations

Who Will Benefit

» 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 Senders
» Audit and Compliance Personnel / Risk Manager
To Register (or) for more details please click on this below link:
https://bit.ly/3GtCIh9/a>
Email: [email protected]
Tel: (989)341-8773