Performing Your ACH Audit: The Ins and Outs of ACH Rule Compliance

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 conduct an annual ACH audit to be performed by December 31 of each year (ACH Rules, Appendix Eight, Section 8.1). It is critical that electronic payments work safely and efficiently for all users. The ACH network strives for just that by requiring the annual ACH audit. This webinar will offer attendees a keen understanding of general audit requirements, and the functions of a receiving depository financial institution (RDFI), and an originating depository financial institution (ODFI).

Why Should You Attend:

Have you ever wondered what specific areas of the ACH rules are included in the ACH audit requirements?

What are the most common areas of non-compliance?

Do you have all the necessary procedures in place to ensure full compliance?

This session will arm you with inside information on how to best comply with NACHA audit requirements. It will review areas to be audited, describe the most pressing compliance issues, and focus on specific audit requirements.

Areas Covered in the Webinar:

This course will review the 3 sections of the audit which focus on:

• General Audit Requirements
• Agreements
• Previous audits
• Retention
• Receiving Depository Financial Institution (RDFI)
• Prenotes
• NOCS
• Returns, stops and WSUDS
• Originating Depository Financial Institution (ODFI)
• ODFI agreements
• Exposure limits
• Originator obligations

Who Will Benefit:

This webinar will provide valuable assistance to all personnel in:

• Financial Institutions
• Risk/compliance officers
• Internal audit
• Operations
• Treasury management
• Credit risk managers
• Loan officers
• Accredited ACH Professionals

1.8 AAP continuing education credits