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#1206085 - 06/23/09 04:47 PM ACH Annual Workbook
osoalone Offline
100 Club
Joined: Dec 2003
Posts: 146
Texas
In the past I've always ordered an ACH Audit Workbook every year due to the changes for that year. The board has decided we need to look at expenses closer and I'm running into management not willing to purchase the new workbook. What doesn everyone else do? Do you use the same workbook ea. year and hope you're including any changes that might have occured?

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#1206117 - 06/23/09 05:06 PM Re: ACH Annual Workbook osoalone
Skyline Offline
Platinum Poster
Skyline
Joined: Sep 2005
Posts: 589
If you do decide to use your existing workbook, be sure to include IAT, International ACH Transactions, which goes into effect 9/19/09. IMHO I would order a new workbook each year.
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#1206225 - 06/23/09 05:55 PM Re: ACH Annual Workbook osoalone
A_G Offline
10K Club
Joined: Jul 2004
Posts: 18,957
I just looked and for $55 non-member/$33 member, I would hardly call the book a large expense. Seems management may be a little unreasonable here. JMO.
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With the lights out, it's less dangerous.

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#1206551 - 06/24/09 12:33 PM Re: ACH Annual Workbook A_G
AuditorK Offline
Platinum Poster
Joined: Feb 2003
Posts: 962
PA
I used to order the workbook, but now I just use the audit requirements in the ACH rules. The workbook is just a rehash of what's in the rule book.

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#1208936 - 06/26/09 08:22 PM Re: ACH Annual Workbook AuditorK
Gandalf Offline
New Poster
Joined: Jan 2006
Posts: 7
I am conducting an ACH audit at the moment. I agree that the workbook is not a big expense. The audit steps change a bit from year-to-year and I feel good that it limits the risk that I might miss something.

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#1212204 - 07/03/09 05:34 PM Re: ACH Annual Workbook Gandalf
Blessed Offline
Diamond Poster
Blessed
Joined: Oct 2007
Posts: 2,389
USA
Received this yesterday....

Visit www.paymentscentral.org under Publications to order online
ACH Audit Workbooks will be available to ship by July 31, 2009.
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Ecclesiastes 10:2 (NIV)

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#1219276 - 07/20/09 05:31 PM Re: ACH Annual Workbook Blessed
MIBankAuditor Offline
New Poster
Joined: Sep 2008
Posts: 18
We order an audit workbook and an ACH Rules book every year and pass the cost on to the client. The audit workbook is pretty cheap...I agree that your company seems to be a little unreasonable if they are worried about $55. If you are an external auditor, I would suggest passing the cost onto the client. If you are internal, I guess that ends up being a cost/benefit decision. What risk of noncompliance and potential cost are they willing to accept for the benefit of $55?

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