Audits & Risk Management
ACH Audit Guide for Third-Party Service Providers & Third-Party Senders
Electronic Version
The ACH Audit Guide for Third-Party Service Providers and Third-Party Senders is a publication designed to assist the third-party in completing an annual ACH audit as required by the Nacha Operating Rules. This is a working document that will walk you through the steps of completing an ACH Rules Compliance Audit along with reviewing sound business practices, related compliance areas, online banking products, and government benefit payments. An audit preparation checklist is included to assist in gathering information needed for review. The document includes tools to help the auditor understand ACH participants, payment applications, and recent revisions to the Nacha Operating Rules.
Format: Electronic Version
THIS PRODUCT IS INTENDED FOR INTERNAL USE BY Third-Party Service Providers & Third-Party Senders ONLY. EACH PURCHASE IS INTENDED FOR USE BY A SINGLE Third-Party Service Providers or Third-Party Senders.
585 - ACH Audit Workbook
Electronic Version
Guide for Completing a Third-Party Sender ACH Risk Assessment
Electronic Version
The Guide for Completing a Third-Party ACH Risk Assessment is a publication designed to assist in completing a step-by-step assessment. Each Third-Party Sender is required to perform a risk assessment of their ACH activities and implement a risk management program in accordance with the requirements of the Nacha Operating Rules. Individual sections within the document address: risk management systems & controls, credit risk, high-risk activities and direct access to the ACH Operator, compliance and transaction risk, vendor & third-party management, information technology & information security, and business continuity. A pre-assessment checklist and guide directions are included to assist the assessor. The document includes tools to help the assessor understand ACH participants and payment applications. Electronic Version
Format: Electronic Version
THIS PRODUCT IS INTENDED FOR INTERNAL USE BY Third-Party Senders ONLY. EACH PURCHASE IS INTENDED FOR USE BY A SINGLE Third-Party Sender.
Guide for Completing Your ACH Risk Assessment
Electronic Version
The Guide for Completing Your ACH Risk Assessment is a publication designed to assist financial institutions in completing a step-by-step assessment. Each financial institution is required to perform a risk assessment of its ACH activities and implement a risk management program in accordance with the requirements of its regulators. Individual sections within the document address: risk management systems and controls, credit risk, high-risk activities and direct access to the ACH Operator, compliance and transaction risk, vendor and third-party management, information technology and information security, and business continuity. A pre-assessment checklist and guide directions are included to assist the assessor. The document includes tools to help the assessor understand ACH participants and payment applications.
564 - ODFI Audit Checklists for Originators & Third-Party Senders
Electronic Version -
This tool contains a series of ODFI Audit checklists providing an efficient tool for ODFIs to gauge their Originators/Third-Party Senders understanding and compliance to the ACH Rules. These checklists can be completed by financial institution staff or sent to the Originator and/or Third-Party to complete on its own then return to the ODFI. Each Audit Checklist is a fillable PDF form for each type of ACH application. Complete or send the forms that are specific to the ACH services your institution originates.
515 - Remote Deposit Capture Risk Assessment Workbook
Electronic Version
Updated to include Mobile Remote Deposit risks, this comprehensive, easy-to-use Remote Deposit Capture Risk Assessment Workbook is designed to assist Financial Institutions in addressing remote deposit capture risk. The Workbook content mirrors the FFIEC Remote Deposit Capture Risk Management Guidance. The Remote Deposit Capture Risk Assessment Workbook guides you in completing the step-by-step risk assessment. User-friendly worksheet questions are easily answered with Yes/No and include room for comments, along with a designated action plan to assist you in developing a comprehensive RDC risk management program. Operations staff, risk managers, compliance officers as well as audit personnel will find this workbook a useful tool.
420 - Wire Transfer Risk Assessment and Audit of Internal Controls Guide
Electronic Version -
The Wire Transfer Risk Assessment and Audit of Internal Controls Guide is a publication designed to assist financial institutions in completing a review of their wire transfer internal controls. Individual sections within the document include risk management controls and oversight; regulatory compliance and transaction risk, vendor management and contingency planning, information technology and security, and credit risk. An assessment questionnaire and guide directions are included to assist the auditor. The document includes tools to help the auditor understand the legal framework of wire transfers.
ACH Risk Management Handbook, 8th Edition
Hardcopy
This newly updated manual is an invaluable tool for any candidate studying for the AAP or APRP exams and for those preparing for ACH annual audits or examinations by regulatory agencies.
The 8th edition provides the latest information on Nacha’s strategies to identify and mitigate risks and provides recommendations for developing an effective risk management program for any organization involved in the creation or processing of ACH transactions. The threats to ACH payments are not unique to the ACH Network and the lessons learned can be applied to create a holistic payments risk management program. In addition, case studies are included in each chapter to offer realistic examples to assist you in evaluating and implementing your risk management program.
ACH Risk Management Handbook 8th Edition - ebook via App
Digital Access - The Flux Player app
This newly updated manual is an invaluable tool for any candidate studying for the AAP or APRP exams and for those preparing for ACH annual audits or examinations by regulatory agencies.
The 8th edition provides the latest information on Nacha’s strategies to identify and mitigate risks and provides recommendations for developing an effective risk management program for any organization involved in the creation or processing of ACH transactions. The threats to ACH payments are not unique to the ACH Network and the lessons learned can be applied to create a holistic payments risk management program. In addition, case studies are included in each chapter to offer realistic examples to assist you in evaluating and implementing your risk management program.
This product utilizes a cloud-based third-party App (Flux Player) to launch access to the digital content. Once Flux Player is downloaded to your device and the purchased access code is redeemed, content is available for viewing, with no further internet connection required. The content can be accessed on up to two devices using the same app account. This product provides identical content display as the physical printed book and works on numerous operating systems and devices, including PC/Windows, Mac (OSX), Android phones and tablets, Apple IOS, and Kindle.
The Flux Player app has been updated to include the following user enhancements:
- Increased search capabilities within the document
- Content highlighting feature
- Inclusion of user notes/annotations on highlighted items
- Synchronization of user’s notes/highlights across all devices included on their account, where the content has been downloaded
** Flux Player does not allow for printing of this publication.
If your organization requires special permission to download and/or install programs, please contact your IT department for assistance.
544 - ODFI Risk Management Guide
Electronic Version
The purpose of this guide is to provide an easy to comprehend understanding of the risks of the ODFI (Originating Depository Financial Institution). It is designed to assist users with identifying and mitigating ODFI risk when operating in the ACH environment.
This guide contains the following attachments:
- 20-page ODFI Risk Management Guide
- ODFI Risk Management Checklist
- ACH Origination Approval Form
- ACH Exposure Limit Change Request Form
- ACH Originator Signature Agreement
- Company ACH Transmittal Letter
- ACH Origination Activity Review Form
- ACH File Confirmation Form
- ACH Security Framework Guidance and Checklists
Revised Uniform Commercial Code Article 4A and the ACH System - 4th Edition
Hardcopy
The refreshed 4th Edition contains new statistic and evaluates the impact of the UCC 4A on security procedures, bank/corporate agreements, recommended contractual provisions, errors, unauthorized entries and more. Includes Article 4A (law unchanged) with staff commentary. For financial institutions and corporations that handle ACH wholesale credits.
Revised Uniform Commercial Code Article 4A and the ACH Network 4th Edition ebook via App
Digital Access - The Flux Player app
The refreshed 4th Edition contains new statistics and evaluates the impact of the UCC 4A on security procedures, bank/corporate agreements, recommended contractual provisions, errors, unauthorized entries, and more. Includes Article 4A (law unchanged) with staff commentary. For financial institutions and corporations that handle ACH wholesale credits.
This product utilizes a cloud-based third-party App (Flux Player) to launch access to the digital content. Once Flux Player is downloaded to your device and the purchased access code is redeemed, content is available for viewing, with no further internet connection required. The content can be accessed on up to two devices using the same app account. This product provides identical content display as the physical printed book and works on numerous operating systems and devices, including PC/Windows, Mac (OSX), Android phones and tablets, Apple IOS, and Kindle.
The Flux Player app has been updated to include the following user enhancements:
- Increased search capabilities within the document
- Content highlighting feature
- Inclusion of user notes/annotations on highlighted items
- Synchronization of user’s notes/highlights across all devices included on their account, where the content has been downloaded
** Flux Player does not allow for printing of this publication.
If your organization requires special permission to download and/or install programs, please contact your IT department for assistance.
