Accredited ACH Professional (AAP) Practice Exam 2025 – Comprehensive All-in-One Resource for Exam Success!

Question: 1 / 400

When must the annual audit be conducted under the Rule Compliance Audit Requirements?

No later than October 1

No later than November 1

No later than December 1

The correct timing for the annual audit under the Rule Compliance Audit Requirements is set for no later than December 1. This deadline ensures that institutions have conducted a thorough review of their compliance with regulatory requirements, allowing adequate time for any necessary corrections or adjustments before the end of the calendar year. Conducting the audit by this date enables organizations to address any compliance issues identified in a timely manner, thus promoting better operational integrity and adherence to best practices within the ACH network.

This December 1 deadline is crucial as it aligns with the regulatory framework that requires financial institutions to maintain strict oversight on their processes and controls throughout the year. Meeting this audit requirement on time helps ensure effective governance and risk management within the ACH processing environment.

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No later than January 1

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