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#981212 - 06/24/08 07:10 PM ACH Audit
silverliner Offline
Junior Member
Joined: Jun 2006
Posts: 31
ny
Who does your annual ACH audit?
Is it done by someone internal?
Within your ACH department?
By your Regional Payments Association?

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General Discussion
#981366 - 06/24/08 09:11 PM Re: ACH Audit silverliner
MadisonCali Offline
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Joined: Jun 2006
Posts: 2,515
Here it's done by me, the Compliance Officer. I am in no way related to the ACH department, so it gives me independance.
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#981486 - 06/25/08 12:13 AM Re: ACH Audit MadisonCali
J-me Offline
Member
Joined: Nov 2004
Posts: 72
Me, internal auditor.

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#981512 - 06/25/08 01:44 AM Re: ACH Audit J-me
#Just Jay Offline
10K Club
#Just Jay
Joined: Oct 2006
Posts: 14,390
Cheeseheadland
The Internal Auditor.
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I don't repeat gossip, so listen closely...

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#981545 - 06/25/08 03:09 AM Re: ACH Audit #Just Jay
HappyGilmore Offline
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Joined: Jun 2004
Posts: 19,417
Pulling people out of the ditc...
we have had ACH staff perform, internal audit perform, and regional payments association perform. RPA used this to make 68 findings, with "training" being the suggested fix for most of the 68 (yes, training by RPA, of course, at a fee). We then sent our internal audit staff to training, and they perform. I stopped having the ACH staff perform as I felt there was the "appearance" of a conflict.
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#982848 - 06/26/08 03:24 PM Re: ACH Audit HappyGilmore
Happy Offline
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Happy
Joined: Jan 2002
Posts: 282
I do them for both of our banks and have since they were required audits. I am an Internal Auditor.

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#983015 - 06/26/08 05:10 PM Re: ACH Audit Happy
Ms Auditor Offline
100 Club
Joined: Oct 2001
Posts: 148
Upstate NY
I'm the Internal Auditor and I perform the annual audit.

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#984015 - 06/27/08 04:27 PM Re: ACH Audit Ms Auditor
Dazed and Confused Offline
Gold Star
Dazed and Confused
Joined: Feb 2006
Posts: 250
Big XII South
Internal auditors or compliance officers perform the audits at most banks that I observed. As pointed out by MadisonCali, an independent person must perform the audit (as required by NACHA). For a small cost, your RBA most likely provides an ACH audit guide with questionnaires that you could follow. Most community banks that I know don't get external auditors involved because of cost issues.

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