Modification History
Release |
TP Version |
Comments |
3 |
PSP12V1 |
Unit descriptor edited. |
2 |
PSP04V4.2 |
Layout adjusted. No changes to content. |
1 |
PSP04V4.1 |
Primary release. |
Unit Descriptor
This unit covers the implementation of a fraud and corruption risk management process that may be the responsibility of organisational staff or contractors. It includes conducting fraud and corruption risk assessment and reviewing the processes involved in the risk assessment in line with standard risk management processes (AS/NZS 4360:1999 or as revised).
Fraud in the unit title incorporates both fraud and corruption.
In practice, conducting fraud and corruption risk assessments may overlap with other generalist or specialist public sector workplace activities such as acting ethically, promoting compliance with legislation, delivering client services, anticipating fraud and corruption activity, developing fraud and corruption control plans, etc.
This unit replaces and is equivalent to PSPFRAU504A Conduct fraud risk assessment.
No licensing, legislative, regulatory or certification requirements apply to this unit at the time of publication
Application of the Unit
Not applicable.
Licensing/Regulatory Information
Not applicable.
Pre-Requisites
Not applicable.
Employability Skills Information
This unit contains employability skills.
Elements and Performance Criteria Pre-Content
Elements are the essential outcomes of the unit of competency. |
Together, performance criteria specify the requirements for competent performance. Text in bold italics is explained in the Range Statement following. |
Elements and Performance Criteria
ELEMENT |
PERFORMANCE CRITERIA |
1 . Conduct fraud and corruption risk assessment |
1.1 Fraud and corruption risk assessment is based upon an understanding of the environment and core business of the organisation and is conducted in accordance with predetermined risk assessment methodology. 1.2 Any gaps in the predetermined methodology are identified and reported in accordance with organisational policy and procedures, and options to meets these gaps are proposed as required. 1.3 Impacts of possible change in organisational business are allowed for in the conduct of risk assessment. 1.4 Data is assessed for validity and reliability. 1.5 Consultation and data matching are used to identify patterns. 1.6 Risk assessment is conducted using both qualitative assessment and quantitative representation of risks. |
2 . Review processes involved in the risk assessment |
2.1 Processes are regularly reviewed in accordance with the objectives of fraud and corruption risk assessment strategy, government policy and risk management standards. 2.2 Advice is provided to business sections such as internal audit and other stakeholders regarding issues arising out of fraud and corruption risk assessment. 2.3 Options to overcome identified obstacles are discussed with management, affected or relevant staff, and agreed options are implemented. 2.4 Assessments are regularly made regarding the effectiveness of fraud and corruption control strategies, and reports are prepared for various audiences. |
Required Skills and Knowledge
This section describes the essential skills and knowledge and their level, required for this unit. |
Skill requirements Look for evidence that confirms skills in:
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Knowledge requirements Look for evidence that confirms knowledge and understanding of:
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Evidence Guide
The Evidence Guide specifies the evidence required to demonstrate achievement in the unit of competency as a whole. It must be read in conjunction with the Unit descriptor, Performance Criteria, the Range Statement and the Assessment Guidelines for the Public Sector Training Package. |
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Units to be assessed together |
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Overview of evidence requirements |
In addition to integrated demonstration of the elements and their related performance criteria, look for evidence that confirms:
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Resources required to carry out assessment |
These resources include:
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Where and how to assess evidence |
Valid assessment of this unit requires:
Assessment methods should reflect workplace demands, such as literacy, and the needs of particular groups, such as:
Assessment methods suitable for valid and reliable assessment of this competency may include, but are not limited to, a combination of 2 or more of:
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For consistency of assessment |
Evidence must be gathered over time in a range of contexts to ensure the person can achieve the unit outcome and apply the competency in different situations or environments |
Range Statement
The Range Statement provides information about the context in which the unit of competency is carried out. The variables cater for differences between States and Territories and the Commonwealth, and between organisations and workplaces. They allow for different work requirements, work practices and knowledge. The Range Statement also provides a focus for assessment. It relates to the unit as a whole. Text in bold italics in the Performance Criteria is explained here. |
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Risk assessment may include: |
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Change may include: |
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Risk management standards refers to: |
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Advice may relate to: |
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Stakeholders may include: |
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Effectiveness of fraud and corruption control strategy may be affected by: |
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Unit Sector(s)
Not applicable.
Competency field
Fraud Control.