Conducting Your Annual ACH Rules Compliance Audit - Part 1

Conducting Your Annual ACH Rules Compliance Audit - Part 1

Instructor: Donna K Olheiser
Product ID: 501058
Level: Intermediate

Description
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.

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)

For Registration -
http://www.onlinecompliancepanel.com/webinar/CommercialLoanDocumentation-501058/NOV-2015-ES-WORLDCONFERENCE

Note : Use coupon code 1371 and get 10% off on Registration