Payments Industry News

Personalize Your Experience

Get Ready for Your Audit With These Tips!

The 4th quarter is ePayAdvisors' busiest season of the year for ACH audits.  You might be scrambling to get ready for your 2023 audit, or you might already be looking ahead to next year’s engagement. To ensure a smooth, efficient, and successful process, ePayAdvisors would like to make sure you are aware of the crucial documents and information we will ask you to gather and organize ahead of your audit to save time and possibly money. The checklist we provide you in advance includes:

  • Your audit reports for the last six years
  • Samples of records of entries going back six years
  • Most recent Risk Assessment
  • Business Continuity Plan and critical vendors
  • Policies and Procedures
  • Exposure Limits for Originators
  • Return Rates Monitoring
  • Proper SEC Codes for Entries
  • Nacha’s Risk Management Portal

Click the Read More button below to read the complete blog article from Amber Schweiger, AAP, Director, Payments Risk and Compliance, ePayAdvisors.

Print