Required ACH Audit: Top 10 Audit Findings and How to Avoid Them

Duration: 75 Minutes
NACHA requires that every financial institution conduct an annual internal or external audit of compliance with the ACH Rules no later than December 31 of each year, and that the audit be made available to NACHA upon request. While the requirements for the "ACH Rule Compliance Audit" do not prescribe a specific methodology, NACHA does identify specific criteria that must be considered during the annual audits (NACHA Operating Rules, Appendix Eight). Financial institutions and third-party service providers must complete these audits and one of the methods of assuring your institution performs well is to know the most commonly cited audit findings and how to avoid them.
Top 10 ACH Audit Adverse Findings
Instructor: Wanda Downs, AAP
Product ID: 503586
Objectives of the Presentation
Be prepared for your required NACHA Appendix Eight Rules Compliance Audit by understanding the underlying rules as well as the most commonly cited adverse findings. Attendees will walk away with an understanding of the:
  • Appendix 8 ACH Audit requirements
  • Stop Payment timeframes and required language (consumer vs. commercial)
  • Requirements for Written Statement of Unauthorized Debit (WSUD)
  • Origination Agreement requirements
  • Importance of Exposure Limits
  • Review of Articles I, II, and III and how they play into the ACH Audit
Why Should you Attend
Preparing for your annual NACHA required ACH Appendix Eight Rules Compliance Audit? Do you want to know what the Top 10 Audit commonly cited audit findings are and how to avoid them?

Please join Wanda Downs, AAP, for this informative session where we will present the top ACH audit adverse findings, discuss the underlying ACH Rules requirements, and provide recommendations on how to avoid them in your organization.

Who will Benefit
  • ACH operations staff
  • Internal and External Auditors
  • Compliance Staff
  • Third-party service providers
  • Payroll Managers
  • Treasury Professionals
  • Corporate Cash Managers
  • Software Vendors and service providers
  • Government Finance Officers
  • Corporate and Federal Agency accounts payable and receivable staff
$300
Recorded Session for one participant
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Live Session - How it works
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  • The webinar joining link, username and password for joining the webinar will be updated on your OCP Account 24 hours prior to the webinar
  • Presentation handouts in Downloadable PDF format will be updated on your OCP Account 24 hours prior to the live session
  • Login to the audio conference on the scheduled date and time
  • Get answers to your queries through interactive Q&A sessions via chat at the end of the session
  • Download the Certificate of Attendance and Purchase Invoice from your OCP Account 24 hours after the completion of the session
  • Please let us know your thoughts and views at the end of the webinar, your valuable feedback will help us improve
Recorded Session - How it works
  • Login to onlinecompliancepanel with your registered username and password https://www.onlinecompliancepanel.com/login
  • 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:
Wanda is the Vice-President of Payments Education for ePayResources where she is responsible for the development and delivery of electronic payments education, including in-person classes, web conferences, and webcasts. Wanda has a passion for learning and an enthusiastic willingness to share her knowledge. Wanda has more than 30 years' experience in the financial industry, includingcustomer/member service, lending, operations, accounting, and management, Wanda understands the challenges and opportunities facing stakeholders in the payments industry. Prior to joining ePayResources, Wanda worked for First Carolina Corporate Credit Union in member relations, business development, and marketing where she worked with credit unions across the Carolinas and Virginia.

As an Accredited ACH Professional (AAP), Wanda understands the ACH Rules and how they impact the operations of an institution. Wanda earned her AAP in 2009 and holds a BS in Accounting and Finance from Limestone College and is a graduate of the 1999 CUNA's SRCUS (pronounced like circus) of Management. Wanda is also a member of NACHA's inaugural Accredited Payments Risk Professional (APRP) class.
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