Here are some things to keep in mind as you prepare for your organization's audit in 2024. Your audit reports for the last six years We will be verifying: • That your annual audits have been performed; • That you have been adhering to the 6-year record retention requirement for your audit reports; and • That you have remedied any findings from previous audits Samples of records of entries going back six years Maintaining records is a cornerstone of compliance
Last year the NACHA membership approved a rule that changes the structure of the ACH audit requirement within the NACHA Operating Rules. The new rule does not change the requirement that a Rules compliance audit must be conducted annually, but rather consolidates the requirements for the annual Rules compliance audit into one section and removes redundant material
06-22-2021 | 10:00 AM - 11:00 AM ET
08-24-2021 | 10:00 AM - 11:30 AM ET
The Nacha Operating Rules (“ACH Rules”) require that ODFIs know the nature of their customers’ use of the ACH Network, whether as Originators, Third-Party Senders, or other types of intermediaries
We recently received a question from a member that comes up often, particularly during the end-of-year audit season. Our ACH audit is being conducted this week and we need to know what the best practice is for the following audit question: How does the financial institution keep its Originators informed of updates and changes to the Nacha Operating Rules and Guidelines?
01-04-2022 10:00 AM - 10-04-2022 11:00 AM ET
01-07-2021 | 09:00 AM - 10:15 AM ET
01-21-2021 | 10:00 AM - 11:15 AM ET
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