This is an Internal Control Checklist which will help you review your bank’s ACH operations and help you to understand how secure and risk free your banks operations related to Automated Clearing House (ACH) activities and what are the various risks that might be present which can cause a red flag. (11 pages and total of more than 120 questions to answer.)
Sample -Internal Control Checklist for ACH
The various steps analyzed are
- Governance steps
- Authority process
- Risk management
- Credit rating guidelines
- Setting, monitoring & reviewing exposure limits
- Return entry monitoring guidelines
- Refund policy & Permissible return policy
- Process of receiving ACH transaction
- Originating ACH transactions
- High risk activities
- Terminal relationships
- Risk related to third-party service providers
- Third-party senders
- Direct access to the ACH operator
- IT security, Continuity planning
- Training & Internal reporting
Product ID : KTCP242
Format: Editable Word document
Price : 
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