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ACH Audit

Name

ACH Audit

Description

Audit Objectives:

  • To determine the policies and procedures and internal controls regarding ACH processing are adequate.
  • Ensure that employees involved in ACH are operating in compliance with established NACHA and OUB policy and procedure guidelines.

Audit Procedures: RDFI – Receiving Depository Financial Institution

Record Retention

  • Verify that records of entries, including return and adjustment entries, transmitted from or to an ACH operator are retained for six years from the date the entry can be provided to the corresponding bank, customer or ACH operator that originated transmitted or received the entry.
  • How and what methods are ACH records being maintained for six years
  • Can records of entries be accurately reproduced?

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Standard (Non-IT) Audit Program

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