The Nacha Operating Rules and Guidelines require that all participating depository financial institutions (ODFI & RDFI), Third Party Senders (TPS) and Third-Party Service Providers (TPSP) that provide ACH services to the RDFI or ODFI, conduct an annual ACH audit by December 31 of each year (Nacha Operating Rules, Article 1.
Each year, updates to the Nacha Operating Rules impact the requirements for your annual ACH Rules Compliance Audit, including the changes for 2024.
These Rules changes will be included as they affect the audit. There are always the little things that are overlooked during the annual ACH Audit, the trainer will help identify “what to look for” when sampling payment information while ensuring compliance.
This session will cover “every detail” of the audit process and requirements for each participant conducting an annual ACH audit, to help ensure their compliance with the Nacha Operating Rules.
Webinar Objectives
The annual ACH Rules Compliance Audit involves a thorough review of all ACH processes in which a participant is engaged, followed by a 'compliance test' to ensure adherence to the Nacha Operating Rules.
Knowing what to check for and understanding what report to look at (incoming ACH file or outgoing ACH file) is crucial for ensuring you are ensuring compliance with the Nacha Operating Rules. This session by Donna K Olheiser, AAP will guide you step-by-step, offering tips on how to effectively 'test' and what to focus on when reviewing ACH processes for rules compliance.
In addition, this session will help identify the participants required to conduct an annual ACH Audit. It will also outline the audit process for each participant, providing tips and guidance on creating a personalized ACH Audit tailored to the specific ACH activities you perform.
Webinar Agenda
Webinar Highlights
Who Should Attend
Credit(s)
Date | Conferences | Duration | Price | |
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Nov 20, 2024 | Conducting an ACH Risk Assessment and Developing an Effective Risk Management Program | 100 Mins | $199.00 |