CREDIT UNION NAME: ______________________________________________
CREDIT UNION CONTACT(S): ________________________________________
AUDITOR'S NAME: _________________________________________________
DATE(S) AUDIT WORK CONDUCTED: _________________________________
General Audit Requirements
Each Participating DFI, and any third-party service provider that provides ACH services to the DFI, shall, in accordance with standard auditing procedures, conduct an internal or external audit of compliance with provisions of the ACH rules in accordance with the requirements of Appendix Eight. These audit provisions do not prescribe a specific methodology to be used for the completion of an audit but identify key rule provisions that should be examined during the audit process. Such annual audit shall be conducted under these Rule Compliance Audit Requirements no later than December 1 of each year. The Participating DFI must retain proof that they have completed an audit of compliance in accordance with these rules. Documentation supporting the completion of an audit must be (1) retained for a period of six years from the date of the audit, and (2) provided to the National Association upon request.
SUGGESTED AUDIT PROCEDURES:
Review past year(s) audit report to verify completion and timeliness, and retain documentation showing results of past audits.
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_______________Note exceptions from past year(s) and inquire about follow-up work by staff.
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