IT Risk Assessment & Regulatory Compliance, Houston
Aporia Solutions, headquartered in Houston, Texas, specializes in Regulatory Compliance, Bank Risk Assessments and IT Risk Assessments in the Houston area and beyond. Banking institutions house incredibly sensitive information about both their business and their customers, so it is crucial that rules and procedures are in place to keep all information secure.
Automated Clearing House (ACH) Audit
Depository Financial Institutions (DFI) that participate in ACH (Automated Clearing House) operations are required to annually conduct or have conducted an audit of its compliance with Appendix Eight in the ACH Rules.In addition, the DFI must:
- Conduct, or have conducted, an assessment of the risks of its ACH activities;
- Implement, or have implemented, a risk management program on the basis of such an assessment, and
- Comply with the requirements of its regulators with respect to such an assessment and risk management program.
A participating DFI may also wish to audit other aspects of its ACH operations in conjunction with its annual rules compliance audit, such as OFAC compliance, ACH business continuity plans, ACH risk management policies and compliance with the 31 C.F.R Part 210 and the Green Book for processing Federal Government ACH transactions.
As part of an ACH Audit, Aporia structures our review based on the bank’s current ACH processing policy, procedures and controls. The audit deliverables includes examination of the bank’s relationships with third-party processors and developing a vendor list of companies that need to be tested.
Aporia also completes the current year’s NACHA audit guide on behalf of the Bank as part of the deliverable of this engagement.
Aporia Solutions: Houston's IT Risk Assessment Experts
Aporia Solutions, Houston has been performing regulatory compliance, GLBA audits and tests for banking institutions across Texas and the Southeast for many years. Aporia Solutions provides audits and tests to ensure regulatory compliance as well as IT Audits, Security Assessments, Risk Assessments and more for over 120 banking institutions statewide.
For help with Regulatory Compliance and IT Risk Assessment Call Aporia at 713-266-8785 or E-mail us. We provide a no-cost preliminary consultation to review your risk assessment needs.
