Assessor Resource

DEFFIN026
Manage public sector financial compliance and assurance

Assessment tool

Version 1.0
Issue Date: April 2024


This unit describes the skills required to monitor and manage Defence financial governance requirements.

This unit applies to those working in the public sector Finance Domain who would be required to undertake financial administration activities.

The skills and knowledge described in this unit must be applied within the legislative, regulatory and policy environment in which they are carried out. Organisational policies and procedures must be consulted and adhered to, particularly those related to financial management.

Those undertaking this unit would be working under minimal supervision and/or supervising small teams while undertaking financial management tasks. They would perform complex tasks in familiar context.

No licensing, legislative or certification requirements apply to this unit at the time of publication.

You may want to include more information here about the target group and the purpose of the assessments (eg formative, summative, recognition)


Evidence Required

List the assessment methods to be used and the context and resources required for assessment. Copy and paste the relevant sections from the evidence guide below and then re-write these in plain English.

ELEMENTS

PERFORMANCE CRITERIA

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1

Review financial governance requirements

1.1

Identify and analyse corporate governance and ethical requirements to determine application to operations

1.2

Review internal control procedures

2

Monitor adherence to compliance requirements

2.1

Monitor and evaluate organisation operations to identify incidences of non-compliance

2.2

Review and evaluate sources of information on potential non-compliance

2.3

Interrogate financial management information system to identify any indication of non-compliance

3

Liaise with others during breach management

3.1

Maintain liaison with relevant regulatory authorities and other organisations

3.2

Seek advice from relevant internal and external personnel on the classification and management of non-compliance

4

Monitor policy

4.1

Develop and report on performance indicators to evaluate compliance with internal control procedures

4.2

Identify and evaluate variations in adoption of financial governance requirements in operations

4.3

Develop and implement solutions to facilitate compliance with internal control procedures

Evidence required to demonstrate competence in this unit must be relevant to and satisfy all of the requirements of the elements and performance criteria on at least one occasion and include:

developing processes for managing financial non-compliance

implementing control measures to address non-compliances

monitoring the financial compliance to requirements, including:

interrogating information systems

identifying and informing senior management and regulatory authorities of non-compliance

seeking advice from internal and external personnel

investigating incidences of non-compliance

obtaining and keeping up to date with financial compliance requirements

reporting non-compliances identified.

Evidence required to demonstrate competence in this unit must be relevant to and satisfy all of the requirements of the elements and performance criteria and include knowledge of:

analysis techniques relevant to review and interpret an identified non-compliance

compliance requirements applicable to the organisation

elements of a compliance management system

financial compliance responsibilities

organisational standards for operations and ethics

potential incidences of non-compliance

procedures for managing incidences of non-compliance requirements

relevant legislation and organisational policies and procedures

reporting processes on compliance management, including reports on non-compliance and remediation.

As a minimum, assessors must satisfy applicable regulatory requirements, which include requirements in the Standards for Registered Training Organisations, current at the time of assessment.

As a minimum, assessment must satisfy applicable regulatory requirements, which include requirements in the Standards for Registered Training Organisations, current at the time of assessment.

Assessment must occur in workplace operational situations where it is appropriate to do so; where this is not appropriate, assessment must occur in simulated workplace operational situations that replicate workplace conditions.

Assessment processes and techniques must be appropriate to the language, literacy and numeracy requirements of the work being performed and the needs of the candidate.

Resources for assessment must include access to:

a range of relevant exercises, case studies and/or other simulations

relevant and appropriate materials, tools, equipment and personal protective equipment (PPE) currently used in industry

applicable documentation, including workplace procedures, regulations, codes of practice and operation manuals

acceptable means of simulated assessment.

Submission Requirements

List each assessment task's title, type (eg project, observation/demonstration, essay, assingnment, checklist) and due date here

Assessment task 1: [title]      Due date:

(add new lines for each of the assessment tasks)

Assessment Tasks

Copy and paste from the following data to produce each assessment task. Write these in plain English and spell out how, when and where the task is to be carried out, under what conditions, and what resources are needed. Include guidelines about how well the candidate has to perform a task for it to be judged satisfactory.

ELEMENTS

PERFORMANCE CRITERIA

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1

Review financial governance requirements

1.1

Identify and analyse corporate governance and ethical requirements to determine application to operations

1.2

Review internal control procedures

2

Monitor adherence to compliance requirements

2.1

Monitor and evaluate organisation operations to identify incidences of non-compliance

2.2

Review and evaluate sources of information on potential non-compliance

2.3

Interrogate financial management information system to identify any indication of non-compliance

3

Liaise with others during breach management

3.1

Maintain liaison with relevant regulatory authorities and other organisations

3.2

Seek advice from relevant internal and external personnel on the classification and management of non-compliance

4

Monitor policy

4.1

Develop and report on performance indicators to evaluate compliance with internal control procedures

4.2

Identify and evaluate variations in adoption of financial governance requirements in operations

4.3

Develop and implement solutions to facilitate compliance with internal control procedures

Range is restricted to essential operating conditions and any other variables essential to the work environment.

Non-essential conditions may be found in the Companion Volume Implementation Guide.

Evidence required to demonstrate competence in this unit must be relevant to and satisfy all of the requirements of the elements and performance criteria on at least one occasion and include:

developing processes for managing financial non-compliance

implementing control measures to address non-compliances

monitoring the financial compliance to requirements, including:

interrogating information systems

identifying and informing senior management and regulatory authorities of non-compliance

seeking advice from internal and external personnel

investigating incidences of non-compliance

obtaining and keeping up to date with financial compliance requirements

reporting non-compliances identified.

Evidence required to demonstrate competence in this unit must be relevant to and satisfy all of the requirements of the elements and performance criteria and include knowledge of:

analysis techniques relevant to review and interpret an identified non-compliance

compliance requirements applicable to the organisation

elements of a compliance management system

financial compliance responsibilities

organisational standards for operations and ethics

potential incidences of non-compliance

procedures for managing incidences of non-compliance requirements

relevant legislation and organisational policies and procedures

reporting processes on compliance management, including reports on non-compliance and remediation.

As a minimum, assessors must satisfy applicable regulatory requirements, which include requirements in the Standards for Registered Training Organisations, current at the time of assessment.

As a minimum, assessment must satisfy applicable regulatory requirements, which include requirements in the Standards for Registered Training Organisations, current at the time of assessment.

Assessment must occur in workplace operational situations where it is appropriate to do so; where this is not appropriate, assessment must occur in simulated workplace operational situations that replicate workplace conditions.

Assessment processes and techniques must be appropriate to the language, literacy and numeracy requirements of the work being performed and the needs of the candidate.

Resources for assessment must include access to:

a range of relevant exercises, case studies and/or other simulations

relevant and appropriate materials, tools, equipment and personal protective equipment (PPE) currently used in industry

applicable documentation, including workplace procedures, regulations, codes of practice and operation manuals

acceptable means of simulated assessment.

Copy and paste from the following performance criteria to create an observation checklist for each task. When you have finished writing your assessment tool every one of these must have been addressed, preferably several times in a variety of contexts. To ensure this occurs download the assessment matrix for the unit; enter each assessment task as a column header and place check marks against each performance criteria that task addresses.

Observation Checklist

Tasks to be observed according to workplace/college/TAFE policy and procedures, relevant legislation and Codes of Practice Yes No Comments/feedback
Identify and analyse corporate governance and ethical requirements to determine application to operations 
Review internal control procedures 
Monitor and evaluate organisation operations to identify incidences of non-compliance 
Review and evaluate sources of information on potential non-compliance 
Interrogate financial management information system to identify any indication of non-compliance 
Maintain liaison with relevant regulatory authorities and other organisations 
Seek advice from relevant internal and external personnel on the classification and management of non-compliance 
Develop and report on performance indicators to evaluate compliance with internal control procedures 
Identify and evaluate variations in adoption of financial governance requirements in operations 
Develop and implement solutions to facilitate compliance with internal control procedures 

Forms

Assessment Cover Sheet

DEFFIN026 - Manage public sector financial compliance and assurance
Assessment task 1: [title]

Student name:

Student ID:

I declare that the assessment tasks submitted for this unit are my own work.

Student signature:

Result: Competent Not yet competent

Feedback to student

 

 

 

 

 

 

 

 

Assessor name:

Signature:

Date:

Assessment Record Sheet

DEFFIN026 - Manage public sector financial compliance and assurance

Student name:

Student ID:

Assessment task 1: [title] Result: Competent Not yet competent

(add lines for each task)

Feedback to student:

 

 

 

 

 

 

 

 

Overall assessment result: Competent Not yet competent

Assessor name:

Signature:

Date:

Student signature:

Date: