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 to the RDFI or ODFI conduct an annual ACH audit to be performed by December 31 of each year (ACH Rules, Article 1).
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.
Areas Covered in the Webinar:
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.
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
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).
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.
Areas Covered in the Webinar:
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.
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
Speakers
Donna K Olheiser 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.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 life day-to-day ACH processing. Her ability to engage the learner through the entire training event helps the adult learner apply what they've learned during each training session.
