ACH Audit Requirements: Are You Ready?

When:  Oct 26, 2021 from 10:00 to 15:00 (ET)
Event Details*

Tuesday, October 26, 2021
Time: 10:00 AM – 3:00 PM ET
Workshop (Virtual via Zoom); 5.4 AAP, APRP CEU Eligible
Learning Level: Advanced


Event Registration*
Member Price:     $225.00
Non-Member Price:   $325.00

This workshop is a comprehensive review of ACH Audit requirements and includes a bonus section on ACH, Wire, and RDC risk assessment components and common recommendations.

As the roles and responsibilities of audit professionals expand, it is important that risk, compliance and operations staff are well-trained on the nuances of audit functions, testing, validation procedures and internal controls. In this workshop, participants will learn how audits are driving efficiency and improving operational excellence across the institution. This highly informative workshop encourages participants to ask what should be reviewed and why in an annual ACH Audit, how risk assessments play a role in strategic program oversight within an institution, and what information should be reported to the Board.  This workshop will cover ACH in detail, being the only payment channel requiring an annual audit today. The presenter will discuss the importance of identifying Third-Party Senders and the Rules surrounding them, including on-boarding, monitoring, and audit requirements. As a bonus, the second half of this workshop will focus on risk assessment components and common recommendations regarding implementing controls for ACH, Wire, and Remote Deposit Capture program!


By the end of this workshop attendees will: 
  1. Discuss ACH rules with a focus on audits. 
  2. Identify potential audit issues and understand how to avoid them. 
  3. Explain the components of ACH, RDC and wire risk assessments 
  4. Implement effective controls to mitigate risk in payments 
  5. Apply new knowledge. 
  6. Create an individual action items list.


Speakers:

Sandy Cinelli

AAP, APRP, CAMS, NCP, Senior Director, Education NEACH

Kathy Shea AAP, APRP, CAMS, NCP, Senior Advisor NEACH Payments Group


Audience:
 

  • ACH Operations staff
  • ACH Managers
  • Compliance Officers (Auditors)
  • Electronic Payments professionals 
  • Fraud
  • Risk Management
  • AAPs and APRPs wanting to earn continuing education credits. 

You might also like:

  • Accredited ACH Professional (AAP) Certification 
  • Accredited Payments Risk Professional (APRP) Certification

*Please note that the access information will be sent to you in a separate email upon receipt of payment.  Access information and support are only provided during normal business hours.

Location

Workshop (Virtual via Zoom)