A Step-By-Step Guide to Doing Your New 2019 ACH Audit

Duration: 90 Minutes
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 to be performed by December 31 of each year (ACH Rules, Article 1).
2019 ACH Audit
Instructor: Donna K Olheiser
Product ID: 506144
Due to a recent NACHA Rules amendment, the process you currently use to do your Audit is changing, are you aware of how your ACH Annual Rules Compliance Audit will be affected? With the requirement that each participant conducts an annual ACH audit, this session will cover all the details and changes to the ACH Audit that will help ensure compliance with the NACHA Operating Rules.

Objectives of the Presentation
  • Outline the changes to the process of the annual ACH Rules Compliance Audit and the removal of Appendix 8 from the Rules Book
  • Define what the General Audit Requirements are (now in Article 1)
  • Discussion on the NACHA Operating Guidelines where the new "guidance" is located for conducting the annual ACH Rules Compliance Audit
  • Provide a process to examine the ACH products and/or service being offered or utilized by the specific participant - then determine next steps to ensure compliance
  • Provide tips on where to find the Rules pertaining to each ACH function -- to help the auditor conducting the annual ACH Audit - to ensure compliance with the NACHA Operating Rules based on usage of ACH
  • Review "best practices" and requirements for additional audit requirements (as defined by NACHA)
Why Should you Attend
Due to a recently approved amendment to the NACHA Operating Rules, Appendix 8 has been removed from the Rules (Appendix 8 was the "guide" or checklist while completing the annual ACH Audit).

With this change, this session will outline what this Rules change means to your process when conducting your ACH Audit and offer tips and guidance for creating your own personalized ACH Audit (based on what ACH activities you utilize).

Areas Covered
  • Explaining the change to the annual ACH Rules Compliance Audit (based on recent Rule Amendments - and removal of Appendix 8) and how to "change" your current process when doing the Audit
  • Discussion on flexibility when conducting the Audit for each participant, the ODFI, RDFI, TPSP and TPS with NACHA's Operating Guidelines
  • 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
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)
  • AAP's - keeping up with changes in ACH Rules and wanting to earn AAP Continuing Education Credits
  • Anyone who wishes to enhance their knowledge of the new rules
  • CFO's to pass on to their staff, Bank Management, companies who process electronic payments for themselves and for other companies (i.e. payroll processors)
$249
Recorded Session for one participant
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Recorded Session - How it works
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  • Upon purchase of the recorded session a link will be updated on your OCP Account within 24 hours
  • Please click on the link to access the Recorded Session
  • Presentation handouts in downloadable PDF format will be updated on your OCP Account within 24 hours of the purchase of the product
  • Download the Certificate of Attendance and Purchase Invoice from your OCP Account after 48 hours of the product Purchase
  • Please share your valuable Feedback at the end of the session
Instructor Profile:
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 expertise being the rules for companies and financial institutions when processing electronic (specifically ACH) payments, then scheduling the events to facilitate and deliver the material through a variety of venues (webinars, teleseminars, in-person workshops, including regional and national conferences).

Her extensive knowledge, enthusiasm and passion for transferring payment processing knowledge using the adult learning theory is remarkable and has helped many payment professionals perform daily operational tasks including exception processing while remaining compliant with the NACHA Operating Rules. She uses scenarios and examples to bring the learning home, easy to comprehend and apply to real-life day-to-day ACH processing. Ms. Olheiser's ability to engage the learner through the entire training event helps the adult learner apply what they've learned during and after each training session.

She has over 24 years of experience in the financial services industry which includes 9 years' experience as the education service director at a Regional Payments Association (RPA), where she managed and facilitated the entire education program for nearly 800 financial institution members. Prior to that, Ms. Olheiser spent 14 years in various departments with the Federal Reserve Bank of Minneapolis and also holds the Accredited ACH Professional (AAP) designation (achieved in 2004).
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