Every financial institution is required to comply with the NACHA Operating Rules for the exchange and settlement of electronic funds transfers through the Automated Clearing House (ACH) network. These rules require an annual ACH audit be performed by December 31 each calendar year. Historically, the rules included Appendix Eight, which outlined the minimum requirements of each ACH audit. However, effective for 2019 ACH audits, Appendix Eight no longer exists! So now what?
If you look in your 2019 rule book, you might still see Appendix Eight in there! However, it was removed from the ACH Rules effective January 1, 2019, by Supplement #2-2018, which was approved on November 2, 2018. That change didn’t make it into the 2019 rule book — or at least the rule books we ordered! The supplement did, however, get printed in the rule book on pages ORl-ORlii. It outlines the changes to the ACH audit requirements. The removal of Appendix Eight applies to all audits due by December 31, 2019.