Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners

PSPFRU005 Mapping and Delivery Guide
Conduct fraud risk assessments

Version 1.0
Issue Date: October 2018


Qualification -
Unit of Competency PSPFRU005 - Conduct fraud risk assessments
Description
Employability Skills
Learning Outcomes and Application This unit describes the skills required to implement 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.This unit applies to those working in roles involved with performing risk assessments for their organisation or business unit.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.Those undertaking this unit would work autonomously, performing complex tasks in a range of familiar contexts.No licensing, legislative or certification requirements apply to unit at the time of publication.
Duration and Setting X weeks, nominally xx hours, delivered in a classroom/online/blended learning setting.

This unit contains no specific industry-mandated assessment conditions. Guidance on suggested and recommended conditions and methods can be found in the Implementation Guide.

Assessors must satisfy the NVR/AQTF mandatory competency requirements for assessors.

Prerequisites/co-requisites
Competency Field Fraud control
Development and validation strategy and guide for assessors and learners Student Learning Resources Handouts
Activities
Slides
PPT
Assessment 1 Assessment 2 Assessment 3 Assessment 4
Elements of Competency Performance Criteria              
Element: Conduct fraud and corruption risk assessment
  • Conduct fraud and corruption risk assessment based on understanding of the environment and core business of the organisation.
  • Identify and report any gaps in the predetermined methodology and propose options to fill these gaps as required.
  • Allow for impacts of possible change in organisational business in the risk assessment.
  • Assess validity and reliability of data.
  • Use consultation and data matching to identify patterns.
  • Apply both qualitative assessment and quantitative representation of risks in the assessment.
       
Element: Review processes involved in the risk assessment
  • Monitor and review processes in accordance with the objectives of fraud and corruption risk assessment strategy, government policy and risk management standards.
  • Provide advice to business sections and other stakeholders regarding issues arising out of fraud and corruption risk assessment.
  • Discuss options to overcome identified obstacles with management, affected or relevant staff, and implement agreed options.
  • Assess effectiveness of fraud and corruption control strategies, and prepare reports for various audiences.
       
Element: Conduct fraud and corruption risk assessment
  • Conduct fraud and corruption risk assessment based on understanding of the environment and core business of the organisation.
  • Identify and report any gaps in the predetermined methodology and propose options to fill these gaps as required.
  • Allow for impacts of possible change in organisational business in the risk assessment.
  • Assess validity and reliability of data.
  • Use consultation and data matching to identify patterns.
  • Apply both qualitative assessment and quantitative representation of risks in the assessment.
       
Element: Review processes involved in the risk assessment
  • Monitor and review processes in accordance with the objectives of fraud and corruption risk assessment strategy, government policy and risk management standards.
  • Provide advice to business sections and other stakeholders regarding issues arising out of fraud and corruption risk assessment.
  • Discuss options to overcome identified obstacles with management, affected or relevant staff, and implement agreed options.
  • Assess effectiveness of fraud and corruption control strategies, and prepare reports for various audiences.
       


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. Where bold italicised text is used, further information is detailed in the range of conditions section.

1. Conduct fraud and corruption risk assessment

1.1 Conduct fraud and corruption risk assessment based on understanding of the environment and core business of the organisation.

1.2 Identify and report any gaps in the predetermined methodology and propose options to fill these gaps as required.

1.3 Allow for impacts of possible change in organisational business in the risk assessment.

1.4 Assess validity and reliability of data.

1.5 Use consultation and data matching to identify patterns.

1.6 Apply both qualitative assessment and quantitative representation of risks in the assessment.

2. Review processes involved in the risk assessment

2.1 Monitor and review processes in accordance with the objectives of fraud and corruption risk assessment strategy, government policy and risk management standards.

2.2 Provide advice to business sections and other stakeholders regarding issues arising out of fraud and corruption risk assessment.

2.3 Discuss options to overcome identified obstacles with management, affected or relevant staff, and implement agreed options.

2.4 Assess effectiveness of fraud and corruption control strategies, and prepare reports for various audiences.

Evidence required to demonstrate competence must satisfy all of the requirements of the elements and performance criteria. If not otherwise specified the candidate must demonstrate evidence of performance of the following on at least one occasion.

planning, analysis and evaluation relating to fraud and corruption risk assessment

using communication, consultation and negotiation styles to suit different audiences and purposes

providing advice on complex documents, including legislation, policy and recommendations relating to fraud and corruption risk control

differentiating between the inherent risks and the effectiveness of controls in place

managing contractors if the fraud and corruption risk assessment is outsourced

Evidence required to demonstrate competence must satisfy all of the requirements of the elements and performance criteria. If not otherwise specified the depth of knowledge demonstrated must be appropriate to the job context of the candidate.

fraud and corruption and how they relate to the specific functions and activities of the organisation together with an understanding of ethical standards required by the organisation of its staff, contractors and suppliers

jurisdictional fraud and corruption control requirements

agency fraud and corruption control policy

fraud and corruption risk management methodology

agency structure and core business activities

current fraud and corruption control plan

relationship of the risk methodology to the fraud and corruption control strategy

fraud and corruption risk factors in the organisation

antidiscrimination and diversity legislation

legislation, policies and procedures relating to fraud and corruption risk assessment

Australian and New Zealand standards – AS/NZS 4360:1999 or as revised


Submission Requirements

List each assessment task's title, type (eg project, observation/demonstration, essay, assignment, 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. Where bold italicised text is used, further information is detailed in the range of conditions section.

1. Conduct fraud and corruption risk assessment

1.1 Conduct fraud and corruption risk assessment based on understanding of the environment and core business of the organisation.

1.2 Identify and report any gaps in the predetermined methodology and propose options to fill these gaps as required.

1.3 Allow for impacts of possible change in organisational business in the risk assessment.

1.4 Assess validity and reliability of data.

1.5 Use consultation and data matching to identify patterns.

1.6 Apply both qualitative assessment and quantitative representation of risks in the assessment.

2. Review processes involved in the risk assessment

2.1 Monitor and review processes in accordance with the objectives of fraud and corruption risk assessment strategy, government policy and risk management standards.

2.2 Provide advice to business sections and other stakeholders regarding issues arising out of fraud and corruption risk assessment.

2.3 Discuss options to overcome identified obstacles with management, affected or relevant staff, and implement agreed options.

2.4 Assess effectiveness of fraud and corruption control strategies, and prepare reports for various audiences.

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
Conduct fraud and corruption risk assessment based on understanding of the environment and core business of the organisation. 
Identify and report any gaps in the predetermined methodology and propose options to fill these gaps as required. 
Allow for impacts of possible change in organisational business in the risk assessment. 
Assess validity and reliability of data. 
Use consultation and data matching to identify patterns. 
Apply both qualitative assessment and quantitative representation of risks in the assessment. 
Monitor and review processes in accordance with the objectives of fraud and corruption risk assessment strategy, government policy and risk management standards. 
Provide advice to business sections and other stakeholders regarding issues arising out of fraud and corruption risk assessment. 
Discuss options to overcome identified obstacles with management, affected or relevant staff, and implement agreed options. 
Assess effectiveness of fraud and corruption control strategies, and prepare reports for various audiences. 
Conduct fraud and corruption risk assessment based on understanding of the environment and core business of the organisation. 
Identify and report any gaps in the predetermined methodology and propose options to fill these gaps as required. 
Allow for impacts of possible change in organisational business in the risk assessment. 
Assess validity and reliability of data. 
Use consultation and data matching to identify patterns. 
Apply both qualitative assessment and quantitative representation of risks in the assessment. 
Monitor and review processes in accordance with the objectives of fraud and corruption risk assessment strategy, government policy and risk management standards. 
Provide advice to business sections and other stakeholders regarding issues arising out of fraud and corruption risk assessment. 
Discuss options to overcome identified obstacles with management, affected or relevant staff, and implement agreed options. 
Assess effectiveness of fraud and corruption control strategies, and prepare reports for various audiences. 

Forms

Assessment Cover Sheet

PSPFRU005 - Conduct fraud risk assessments
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

PSPFRU005 - Conduct fraud risk assessments

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: