Elements and Performance Criteria
- Conduct fraud and corruption risk assessment
- 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
- 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
- Impacts of possible change in organisational business are allowed for in the conduct of risk assessment
- Data is assessed for validity and reliability
- Consultation and data matching are used to identify patterns
- Risk assessment is conducted using both qualitative assessment and quantitative representation of risks
- Review processes involved in the risk assessment
- Processes are regularly reviewed in accordance with the objectives of fraud and corruption risk assessment strategy, government policy and risk management standards
- Advice is provided to business sections such as internal audit and other stakeholders regarding issues arising out of fraud and corruption risk assessment
- Options to overcome identified obstacles are discussed with management, affected or relevant staff, and agreed options are implemented
- Assessments are regularly made regarding the effectiveness of fraud and corruption control strategies, and reports are prepared for various audiences
- Conduct fraud and corruption risk assessment
- 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.
- 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.
- Impacts of possible change in organisational business are allowed for in the conduct of risk assessment.
- Data is assessed for validity and reliability.
- Consultation and data matching are used to identify patterns.
- Risk assessment is conducted using both qualitative assessment and quantitative representation of risks.
- Review processes involved in the risk assessment
- Processes are regularly reviewed in accordance with the objectives of fraud and corruption risk assessment strategy, government policy and risk management standards.
- Advice is provided to business sections such as internal audit and other stakeholders regarding issues arising out of fraud and corruption risk assessment.
- Options to overcome identified obstacles are discussed with management, affected or relevant staff, and agreed options are implemented.
- Assessments are regularly made regarding the effectiveness of fraud and corruption control strategies, and reports are prepared for various audiences.