Overview
There are changes each year in the Nacha Operating Rules that affect your annual ACH Rules Compliance Audit, including 2024. These Rules changes will be included as they affect the audit.
This session will cover all the details of the audit process and requirements for each participant conducting an annual ACH audit, to help ensure their compliance with the Nacha Operating Rules.
Why you should 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.
Knowing what to check for and understanding what report to look at (incoming ACH file or outgoing ACH file) is crucial for ensuring you are ensuring compliance with the Nacha Operating Rules. The trainer will walk you through “step-by-step” with tips on how to successfully “test” and what to look for when checking the ACH processes and rules compliance.
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).
Areas Covered in the Session
- Identify the participants in the ACH network required to conduct an annual ACH Rules compliance Audit
- Define the General Audit Requirements
- Discussion on tools available in the Nacha Operating Guidelines for guidance when conducting the annual ACH Rules Compliance Audit, including the TPS 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
Who Will Benefit
- ACH Operations staff
- Compliance Officers
- Treasury professionals
- Third-Party Payment Processors
- Third-Party Senders
- ACH Managers
- Electronic Payments Professionals
- ACH auditors (Internal and External)
Speaker Profile
Donna K Olheiser founded Dynamic Mastership, LLC in December 2014 to utilize her 24+ years’ experience in the financial services industry, by sharing her passion for training financial institutions and organizations on the Rules and processes for electronic payments (with her specialty being ACH payments). She holds the Accredited ACH Professional (AAP) designation (achieved in 2004).
Donna’s experience before founding Dynamic Mastership, includes 9 years’ serving 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, Donna spent 14 years with the Federal Reserve Bank of Minneapolis in various departments, where she started her training career as the Training and Development Specialist in 2003.
Donna is a certified Master Trainer who continually uses her extensive knowledge, experience, enthusiasm, and passion for transferring payment processing details, while using the adult learning theory is remarkable! Her training style has helped many payment professionals remain consistently informed of the NEW and ever-changing NACHA Operating Rules and explaining how the Rules apply when performing daily operational tasks including complex return and exception processing. She incorporates scenarios and examples in her detailed training, so the Rules are easy to comprehend and apply to real-life day-to-day ACH processing. Donna’s ability to engage the learner through the entire training event helps the adult learner apply what they have learned during and after each training session.