Conducting Your Annual ACH Rules Compliance Audit

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CEU Approved

  • 90 minutes

Recent approved amendments identify changes that will affect the Annual ACH Rules Compliance Audit and Appendix 8. Each participant in the ACH Network is required to be in compliance with the NACHA Operating Rules. The Rules change involved removing Appendix 8 and the “lists” to go by during an annual ACH Audit. This rule change modifies the Rules to provide financial institutions and third-party service providers with greater flexibility in conducting annual Rules compliance audits.

Join this session by expert speaker Donna K Olheiser, where she will discuss a step-by-step process to verify the ACH services you utilize and where to find them in the Rules to ensure compliance.

Session Highlights:

  • Identify how the annual ACH Rules Compliance Audit is changing drastically and what your next steps will be to help design and perform your annual ACH Rules Compliance Audit in 2019 (the change becomes effective January 1, 2019)

  • Provide details on the Rules where they identify who must “complete” the annual ACH Rules Compliance Audit and that the annual ACH Audit still MUST be completed by Dec 31 each year

  • Demonstrate how a participant in the ACH network (who is required to perform the annual ACH Rules Compliance Audit) can examine their ACH program and determine what to “audit”

Why You Should Attend:

Now the direction is to the NACHA Operating Guidelines and developing your own “Audit Guide” based on the ACH services you use and comparing them to the NACHA Rules to ensure compliance. This session will outline what those guidelines are – and provide a series of questions to ask while ensuring compliance with the NACHA Operating Rules. This will summarize the changes to the rule and other related risk management topics.

Who Should Attend:

  • ACH Operations staff

  • Compliance Officers

  • ACH Auditors

  • ACH Managers

  • Electronic Payments Professionals 

  • Accounts Payable
  • Accounts Receivable

  • Management

  • Risk Management

  • Legal Council

  • AAP’s – keeping up with Rules changes and/or earning AAP Continuing Education Credits

  • Anyone who wishes to enhance their knowledge of the new NACHA Operating Rules

Advanced Preparation: None

Program Level: Intermediate

Prerequisites: Basic knowledge of Payment System

Field of Study: Finance

*You may ask your Question directly to our expert during the Q&A session.

** You can buy On-Demand and view it as per your convenience.

Donna  K. Olheiser

Donna K. Olheiser

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’ 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 Automated Clearing House or 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 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 (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 National Operating Clearing House Association or 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.

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Edupliance is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit.

Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: more information regarding administrative policies such as complaint and refund, please contact our offices at 844- 810-1151.

PLEASE NOTE: To receive credit through the NASBA for this program you MUST attend the Live program in its entirety and complete the required progress checks.

Number of CPE Credits Awarded for This Course: 1.5 (Finance - 1.5)

Delivery Method: Group Internet Based

Want to attend in a Group? Call 844-810-1151 and Save upto 50%

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