- Speaker : Donna K Olheiser
- Session Code : DRJUN2321
- Date : 23rd June 2021
- Time : This Event is Over and the Recorded Copy is Available
- Duration : 1 Hour 24 Mins
ACH Annual Audit Completion and Rules Compliance – What YOU NEED to Know!
Overview:
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 by
December 31 of each year (ACH Rules, Article 1).
There
have been many Rules changes since 2019 that affect your annual ACH Rules
Compliance Audit in 2021, including the verification of registration and
accuracy of the info in the ACH Contact Registry (new in 2020!).
This
session will cover “step-by-step” the audit process and requirements for each
participant conducting an annual ACH audit, to help ensure their compliance
with the Nacha Operating Rules.
Areas
Covered in the Session:
- Identify
the participants in the ACH network required to conduct an annual ACH Rules
compliance Audit
- Define
what the General Audit Requirements are (now in Article 1)
- Discussion
on tools available in the Nacha Operating Guidelines for guidance when
conducting the annual ACH Rules Compliance Audit.
- Review
the flexibility for each participant when following the Guidelines, which
include the ODFI, RDFI, TPSP and TPS within the Rules Book
- 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
Why Should You Attend:
The
annual ACH Rules Compliance Audit requires a precise examination of all ACH
processes that a participant is involved in, then completing the “compliance
test” of those processes to ensure compliance with the Nacha Operating Rules.
There
are NEW Unauthorized Returns processes (with an additional ODFI monitoring
requirement), PLUS a NEW ACH Contact Registry verification requirement added to
the annual ACH Rules Compliance Audit!
This
session will identify who needs to conduct an annual ACH Audit. In addition, outline the processor each
participant that is required to conduct the annual Rules compliance Audit, plus
offer tips and guidance for creating your own personalized ACH Audit (based on
the ACH activities you utilize).
Who
Will Benefit:
- ACH
Operations staff
- ACH
Managers
- Electronic
Payments Professionals
- ACH
auditors (internal and external)
- Financial
Institution Professionals (New/Current Operations Staff)
- Banking
Operations Managers and Staff
- Compliance
and Risk Professionals
- Treasury
Management Professionals
- Aspiring
and Current AAPs (Accredited ACH Professionals)
- Payroll
Processors
- Company
/ Business Owners (Originators)
- Banking
Managers/ Supervisors
- Third-Party
Service Providers and Third-Party Senders
- Audit and Compliance Personnel / Risk Managers
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’ experience. She has designed and facilitated over 150 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/deliver the material through a variety of venues (webinars, teleseminars, in-person workshops, including regional and national conferences). Ms. Olheiser is also an experienced project manager managing education programs for organizations processing electronic payments and developing personalized training programs for financial institutions.
She has over 23 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).
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.
Enrollment Options
Tags: ACH Annual Audit, ACH Annual audit compliance, donna olheiser, webinar