Modification History
Not Applicable
Unit Descriptor
Unit descriptor |
This unit of competency involves planning, conducting and evaluating an audit to identify and capture evidence of record keeping compliance and unlawful transactions. No licensing, legislative, regulatory or certification requirements apply to this unit at the time of publication. |
Application of the Unit
Application of the unit |
This competency would be undertaken in the context of fisheries management compliance. The purpose of an investigative audit is to identify and capture evidence of record keeping compliance and unlawful transactions. It may occur within a single business only or follow a transaction trail across a number of businesses along the supply chain. |
Licensing/Regulatory Information
Refer to Unit Descriptor
Pre-Requisites
Prerequisite units |
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Employability Skills Information
Employability skills |
This unit contains employability skills. |
Elements and Performance Criteria Pre-Content
Elements describe the essential outcomes of a unit of competency. |
Performance criteria describe the performance needed to demonstrate achievement of the element. Where bold italicised text is used, further information is detailed in the required skills and knowledge section and the range statement. Assessment of performance is to be consistent with the evidence guide. |
Elements and Performance Criteria
ELEMENT |
PERFORMANCE CRITERIA |
1. Determine audit risk |
1.1. Knowledge of business structures and practices associated with fish processing, wholesale and retail marketing is developed. 1.2. Scope of the audit program is determined in the context of relevant fisheries management arrangements, a fraud risk assessment and intelligence available. |
2. Develop audit plan |
2.1. Initial audit objectives are defined in the context of the type of business being audited. 2.2. Resources required to conduct the audit are determined and arrangements made for their allocation. |
3. Identify operating systems for the business entity being audited |
3.1. Flowchart and working papers documenting the business's operating systems are prepared. 3.2. The potential for targeted activity within the business entity's fishing operation is assessed. 3.3. The potential for success in locating authentic material information /evidence related to the targeted activity and audit objectives is assessed. 3.4. Appropriate audit methodologies and types of material information/evidence are selected. |
4. Conduct investigative audit |
4.1. Selected audit methodologies are incorporated into the audit plan and adjusted, as required, by the audit progress. 4.2. Stocktake is conducted in accordance with the audit plan. 4.3. Substantive tests of transactions within the business's operating systems are performed for the time period specified in audit plan, and anomalies and irregularities identified. 4.4. Results of investigations are documented. |
5. Evaluate, review and report on the audit |
5.1. Information/evidence obtained is sufficient, complete, reliable and valid. 5.2. Evidence meets jurisdictional requirements for admissibility of evidence. 5.3. Audit report is prepared and issued to relevant authorities. |
Required Skills and Knowledge
REQUIRED SKILLS AND KNOWLEDGE |
This section describes the skills and knowledge required for this unit. |
Required skills |
Literacy skills used for :
Numeracy skills used for :
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Required knowledge |
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Evidence Guide
EVIDENCE GUIDE |
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The evidence guide provides advice on assessment and must be read in conjunction with the performance criteria, required skills and knowledge, range statement and the Assessment Guidelines for the Training Package. |
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Overview of assessment |
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Critical aspects for assessment evidence required to demonstrate competence in this unit |
Assessment must confirm an ability to:
Assessment must confirm knowledge of:
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Context of and specific resources for assessment |
Assessment is to be conducted at the workplace or in a simulated work environment. Resources may include:
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Method of assessment |
The following assessment methods are suggested:
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Guidance information for assessment |
This unit may be assessed holistically with other units within a qualification. |
Range Statement
RANGE STATEMENT |
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The range statement relates to the unit of competency as a whole. It allows for different work environments and situations that may affect performance. Bold italicised wording, if used in the performance criteria, is detailed below. Essential operating conditions that may be present with training and assessment (depending on the work situation, needs of the candidate, accessibility of the item, and local industry and regional contexts) may also be included. |
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Resources may include: |
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Business's operating systems may include: |
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Targeted activity may include: |
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Material information /evidence may include: |
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Audit methodologies may include: |
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Unit Sector(s)
Unit sector |
Fisheries compliance |
Co-requisite units
Co-requisite units |
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Competency field
Competency field |