Resources for Federal Financial Institutions Examination Council (FFIEC)

ACH: Performing Both a Self-Test and Compliance Audit

Bankers Online

Whether your financial institution is an RDFI, and ODFI, or just thinking about entering into the e-banking fray, you will be asked to support implementation of appropriate controls. The cornerstone of these controls is an adequate risk-based audit programWhere to start? The ACH audit program is only a piece of the process. All aspects must be considered, including business continuity, information security, consumer protection regulations such as CC & E, and BSA/AML

This session will assist you in:


Determining the sample and scope of the audit;
Using the ACH Audit Guide;
Performing the ACH Risk Assessment;
Developing relevant compliance audit procedures; and
Preparation of written conclusion summaries, recommend corrective action and communicate findings to management.

We will discuss relevant sections from:

Recent OCC Risk Management Guidance;
FFIEC's IT Examination Handbook on Retail Payment Systems
FFIEC's Bank Secrecy Act/ Anti-Money Laundering Examination Manual

Who should attend? This session is designed for:

Compliance officers;
Auditors
Operations staff and supervisors

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