Conducting YOUR "NEW 2019” Annual ACH Rules Compliance Audit- a Step-by-Step Guide

Conducting YOUR "NEW 2019” Annual ACH Rules Compliance Audit- a Step-by-Step Guide
Product Code: : BKAQ-9189
Speaker : Donna K Olheiser
Date : 26th June 2019
Time : 10:00 AM PST | 01:00 PM EST
Duration : 90Min

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 conduct an annual ACH audit to be performed by December 31 of each year (ACH Rules, Article 1). 

With the requirement that each participant conducts an annual ACH audit, this helps to ensure that electronic payments work safely and efficiently for all users. 

Why Should You Attend:  

Due to a recently approved amendment to the NACHA Operating Rules, Appendix 8 has been removed from the Rules (Appendix 8 was the “guide” or checklist while completing the annual ACH Audit).

With this change, this session will outline what this Rules change means to your process when conducting your ACH Audit and offer tips and guidance for creating your own personalized ACH Audit (based on what ACH activities you utilize).

Areas Covered in the Session:

  • Explaining the change to the annual ACH Rules Compliance Audit (based on recent Rule Amendments – and removal of Appendix 8) and how to “change” your current process when doing the 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

Learning Objectives:

  • 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.
  • Provide a process to examine the ACH products and/or service being offered or utilized by the specific participant – then determine next steps to ensure compliance
  • Provide tips on where to find the Rules pertaining to each ACH function -- to help the auditor conducting the annual ACH Audit – to ensure compliance with the NACHA Operating Rules based on usage of ACH
  • Review “best practices” and requirements for additional audit requirements (as defined by NACHA)

Who Will Benefit:

  • 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

Speaker Profile:

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 15 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 electronic (specifically ACH) payments, then scheduling the events to facilitate and deliver the material through a variety of venues (webinars, teleseminars, in-person workshops, including regional and national conferences).

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.

She 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.


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