Conducting Your Annual ACH Rules Compliance Audit - Part 1

Duration: 60 Minutes
This 2-part series will provide the details of what each participant needs to do while conducting their ACH annual Rules compliance audit. Details of Appendix 8 (in the Rules Book) and what they mean to each participant will be outlined. Included will be a series of questions to ask and get answers to while performing your annual audit.
Instructor: Donna K Olheiser
Product ID: 501058

According to the NACHA Operating Rules, specific ACH participants are required to perform the annual ACH Rules Compliance Audit! The ODFI, RDFI, Third-Party Sender (TPS) and Third-Party Service Provider (TPSP) each have specific guidelines to follow during their Rules compliance audit to ensure they are in compliance with the Rules.

Objectives of the Presentation
  • Identify which participant in the ACH Network are required to perform an annual ACH Rules Compliance Audit
  • Define what a TPSP and a TPS are - to ensure if as a financial institution you are utilizing one of these parties
  • Describe the different sections of Appendix 8 - and how they can assist each participant in the completion of the annual ACH Audit
  • List some detailed questions to ask during the annual ACH audit to help identify compliance with the NACHA Operating Rules
  • Illustrate common areas where audit findings occur and how to identify if you are in compliance
  • Provide details on how the Rules enforcement process can affect non-compliance with the Rules or the completion of the ACH Audit
Why Should you Attend
Every year by no later than December 31, every financial institution that processes ACH transactions (sending or receiving) must conduct an ACH Audit to verify they are in compliance with the NACHA Operating Rules. In addition any Third Party Service Provider (TPSP) who may be assisting the financial institution in the processing (sending and/or receiving) of any ACH transactions must also conduct this annual ACH Rules compliance audit. If a financial institution is utilizing a Third-Party Sender (TPS), the TPS is also required to conduct this audit. Each participant in the ACH network who is required to perform this audit has certain guidelines to follow. This session will outline what those guidelines are - and provide a series of questions to ask while ensuring compliance with the NACHA Operating Rules.

Areas Covered
  • Level setting (definitions and common terminology), defining details of Appendix 8 and how it can assist in the ACH Audit for compliance with the NACHA Operating Rules
  • Review of general ACH Audit requirements for all participants
  • Details on specific ACH Audit requirements for RDFI's and TPSP (acting on behalf of the RDFI)
  • Questions to ask while conducting the ACH Audit for the RDFI and the TPSP
  • How the Rules Enforcement process affects the annual ACH Audit
Who can Benefit
  • Operations Staff
  • Treasury Professionals
  • AAP's for AAP CE (Continuing Education) Credits
  • ACH auditors (internal and external)
  • CFO's to pass on to their staff
  • Bank Management
  • Companies who process electronic payments for other companies (i.e. payroll processors)
This webinar is a part of "Webinar Series on Conducting Your Annual ACH Rules Compliance Audit" Click here to know more.

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  • 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
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  • 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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