Audits and Risk Assessments

ACH Annual Audit -- NACHA requires all participating Depository Financial Institutions conduct an Annual ACH Audit to be performed by December 31 of each year. Who better to conduct your institution’s annual ACH audit than your resource for electronic payments information and training? A PaymentsFirst ACH expert can conduct your annual ACH audit and examine each facet of your ACH operations. The audit includes a review of compliance with the NACHA Operating Rules, review of online banking products using ACH, areas of compliance, and review of procedures related to receiving Federal Government payments. PaymentsFirst is a licensed Direct Member of NACHA and our team of consultants are ACH experts.

The PaymentsFirst ACH Audit service includes:

  • Prior to and onsite checklists
  • Client questionnaire
  • Review of sound business practices and internal controls
  • Review of agreements
  • Exit interview
  • Written report including findings and/or recommendations
  • Audit certification form
  • Access to auditor for questions

 

Compliance Services Request Form

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