ACH Audits & Risk Assessments

Strengthen your ACH operations in compliance, risk controls, and efficiency. Allow your trusted SFE advisors to conduct your annual ACH Audit and recommended Risk Assessment.

Find the details of service you will receive by expanding the sections below. You can also find additional compliance services for financial institutions for thorough reviews of your RDC, Wire Transfer, and Real-Time Payments processes.

When you bundle services or schedule your compliance services to be completed before July 1^st, you are eligible for rate discounts.

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Financial Institutions

ACH Annual Audit

Nacha requires 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. Who better to conduct your annual ACH audit than your resource for electronic payments information and training? A SFE Accredited ACH Professional (AAP) can conduct your annual ACH audit and examine each facet of your ACH operation.

Nacha Rules Compliance Audit Service Includes:

Pre-audit checklist
Performance of audit requirements as required by the ACH Rules/ Nacha Operating Rules
Review of Sound Business Practices and internal controls
Review of balancing and reconciliation functions
Written ACH Audit Management Report with findings and recommendations for improvement
Audit Certification form
Access to auditor for questions after on-site appointment

ACH Risk Assessment

Each financial institution is required to 1) perform a risk assessment of their ACH activities, and 2) implement risk management programs in accordance with “the requirements of their regulators". A financial Institution must understand and identify the complexity and nature of their ACH services to effectively perform the risk assessment. A SFE accredited ACH Professional can evaluate your complexity of services and perform a thorough review of compliance with the required risk management practices and assess your ACH risk.

ACH Risk Assessment Service Includes:

Thorough assessment of ACH activities & risk management program
Formal Written Report including Risk Rating Matrix
Onsite review period (minimum of 1 full day)
ACH Volume report for 12 months following the assessment
Pre-Assessment Worksheet & Checklist
Review of originator agreements to ensure compliance with new requirements
Exit meeting
Access to auditor for questions after on-site visit

REQUEST FOR PROPOSAL

Tip: Schedule early to ensure availability, efficient preparation time and to avoid additional charges.

Third-Party Senders

ACH Annual Audit

Nacha Rules Compliance Audit Service Includes:

Pre-audit checklist
Performance of audit requirements as required by the ACH Rules/ Nacha Operating Rules
Review of Sound Business Practices and internal controls
Review of balancing and reconciliation functions
Written ACH Audit Management Report with findings and recommendations for improvement
Audit Certification form
Access to auditor for questions after on-site appointment

ACH Risk Assessment

ACH Risk Assessment Service Includes:

Thorough assessment of ACH activities & risk management program
Formal Written Report including Risk Rating Matrix
Onsite review period (minimum of 1 full day)
ACH Volume report for 12 months following the assessment
Pre-Assessment Worksheet & Checklist
Review of originator agreements to ensure compliance with new requirements
Exit meeting
Access to auditor for questions after on-site visit

REQUEST FOR PROPOSAL

Tip: Schedule early to ensure availability, efficient preparation time and to avoid additional charges.

Third-Party Service Providers

ACH Annual Audit

Nacha Rules Compliance Audit Service Includes:

Pre-audit checklist
Performance of audit requirements as required by the ACH Rules/ Nacha Operating Rules
Review of Sound Business Practices and internal controls
Review of balancing and reconciliation functions
Written ACH Audit Management Report with findings and recommendations for improvement
Audit Certification form
Access to auditor for questions after on-site appointment