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The ABC’s of Completing the Annual ACH Rules Compliance Audit

Instructor: Donna K Olheiser
Product ID: 705494
  • Duration: 90 Min
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This webinar will discuss in detail the requirements of ACH audit including requirements for third-party service provider. It will also provide best practices for the auditor performing the annual ACH audit to ensure compliance with the NACHA operating rules


"The ABC’s of Completing the Annual ACH Rules Compliance Audit" - This course is approved by NASBA (National Association of State Boards of Accountancy). Attendees of Live Webinar are eligible for 1.6 CPE credit up on full completion of the course.

Why Should You Attend:

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, Appendix Eight). By each participant performing the annual ACH audit, this helps ensure that electronic payments work safely and efficiently for all users.

Attend this webinar to gain an understanding of general audit requirements, the functions of a Receiving Depository Financial Institution (RDFI), and also for an Originating Depository Financial Institution (ODFI).

Learning Objectives:

  • Define general audit requirements
  • Identify the details of the ACH audit for the ODFI (and how this pertains to their Originators)
  • Outline the audit requirements for the third-party sender – including the new requirement for registration with NACHA
  • List what the third-party service provider is responsible for in regard to the annual ACH audit
  • Provide tips to help the auditor performing the annual ACH audit – to ensure compliance with the NACHA operating rules
  • Review best practices and requirements for additional audit requirements (as defined by NACHA)
  • Overview of questions to ask while performing the annual ACH rules compliance audit

Areas Covered in the Webinar:

  • General Audit Requirements
    • Agreements
    • Previous audits
    • Retention
  • Receiving Depository Financial Institution (RDFI)
    • Pre-notes
    • NOCS
    • Returns, stops and WSUDS
  • Originating Depository Financial Institution (ODFI)
    • ODFI agreements
    • Exposure limits
    • Originator obligations

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 Manager
Instructor Profile:
Donna K Olheiser

Donna K Olheiser
VP of Education, Dynamic Mastership

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 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).

Ms. Olheiser 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 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.

We are registered with and adhere to the Statement on Standards for Continuing Professional Education programs of the National Registry of CPE Sponsors. Our registration number is 109066. Please check with the governing body of your license and state for specific CPE requirements. Grievances may be forwarded to the company at 650 620 3961. Grievances may also be forwarded to the National Registry of CPE Sponsors-NASBA, 150 Fourth Avenue North, Suite 700, Nashville, TN 37219-2417, 615-880-4200, www.learningmarket.org, e-mail cpe@nasba.org.


Field of Study Minutes CPE
Auditing 7 0.14
Economics 8 0.16
Finance 15 0.3
Management Advisory Services 30 0.6
Production 20 0.4
Total Duration - 90 Min Total Credits - 1.6

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Refund Policy

Registrants may cancel up to two working days prior to the course start date and will receive a letter of credit to be used towards a future course up to one year from date of issuance. ComplianceOnline would process/provide refund if the Live Webinar has been cancelled. The attendee could choose between the recorded version of the webinar or refund for any cancelled webinar. Refunds will not be given to participants who do not show up for the webinar. On-Demand Recordings can be requested in exchange.

Webinar may be cancelled due to lack of enrolment or unavoidable factors. Registrants will be notified 24hours in advance if a cancellation occurs. Substitutions can happen any time.

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