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.
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 2022, including the verification of registration and accuracy of the info in the ACH Contact Registry (new in 2020!).
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 process for 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).
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 2022, including the verification of registration and accuracy of the info in the ACH Contact Registry (new in 2020!).
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 process for 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).
Donna K Olheiser
Donna K Olheiser, AAP, is the vice president of Education Services and founder of Dynamic Mastership, LLC. Donna is an enthusiastic and energetic Certified Master Trainer with over 14 years’ training experience. She has designed and facilitated over 100 training sessions each year with her expertise being the rules for companies and financial institutions when processing specifically ACH electronic payments, then scheduling the training events to facilitate/deliver the material through a variety of venues (webinars, teleseminars, in-person workshops, including regional and national conferences). Donna has over 24 years of experience in the financial services industry which includes 9 years’ experience …
Elevate Your Workplace Wellness: 10 Critical Wellness Facto…
The 60 Minutes Introduction to DAX
Launch Your Career: The Ultimate Guide for Emerging Profess…
Future-Proof Your Career: Upskilling Strategies to Stay Rel…
ChatGPT Unlocked: A Beginner’s Guide to AI and ChatGPT
DOL Reverses Course on Independent Contractor Rule for 2026…
Project Management for administrative professionals
ChatGPT for HR - Build HR Policy Framework and Strategy
Handbook Overhaul 2026: Compliance, OBBB Act & Beyond
Managing Toxic & Other Employees Who have Attitude Issues
EBITDA vs GAAP vs IFRS: What Your Business Needs to Know
Managing Difficult Employee Conversations
Harassment, Bullying, Gossip, Confrontational and Disruptiv…
Meeting Fatigue: Break the Cycle of Endless Meetings
Language is Code - Intro to AI - Generative AI - ChatGPT an…
From P-Values to Evidence: Interpreting Statistical Results…
High-Impact Performance Management: Tools, Tactics & Coachi…
Stop Letting That Difficult Person Ruin Your Day: Effective…
Mastering Tough Conversations: Turn Conflict into Clarity, …
AI for Project Managers: Smarter Planning Reporting and Com…
ChatGPT for Innovative Business Advisory Services for Accou…
Mastering Performance Management: Strategies for Continuous…
Latest Trends in Human Error Reduction in GMP Manufacturing
2-Hour Virtual Seminar on The Complexity and Interplay Amon…
Analytical Method Validation Under Good Laboratory Practice…
The Perfect Storm Coming to Healthcare: Value Based Care Me…
Fostering a Culture of Respect: Eliminating Gossip, Rumour…