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

PSPFRU010 Mapping and Delivery Guide
Manage fraud risk assessment and action plan

Version 1.0
Issue Date: April 2024


Qualification -
Unit of Competency PSPFRU010 - Manage fraud risk assessment and action plan
Description
Employability Skills
Learning Outcomes and Application This unit describes the skills required to manage fraud/corruption risk assessment, where personnel conducting the risk assessment may be internal staff or consultants. It includes applying organisational philosophy regarding risk, selecting a risk assessment methodology, and establishing reporting and review mechanisms.This unit applies to those working in management roles overseeing the fraud risk assessment and action plan.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 supervising others, 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: Apply organisational philosophy regarding risk
  • Consult stakeholders in the management of the fraud/corruption risk assessment process.
  • Acknowledge and apply cultural, ethical and economic perspectives of the organisation when making decisions regarding the development and implementation of the risk assessment process in the organisation.
       
Element: Select risk assessment methodology
  • Select risk assessment methodology based on an evaluation of a range of fraud/corruption risk management techniques, and factors including the environment, culture and functions of the organisation.
  • Select methodology to meet the Australian standard for risk management, that is compatible with the organisation’s environment, culture, structure and core business and is able to be applied across all the organisation’s programs and services.
  • Monitor activities of personnel implementing the fraud/corruption risk assessment methodology.
       
Element: Establish reporting and review mechanisms
  • Include the identification of appropriate actions to be implemented in reporting mechanisms.
  • Establish review mechanisms that acknowledge the need for flexibility and the ongoing nature of the fraud/corruption risk assessment process.
  • Establish reporting mechanisms to allow for advice to be provided at opportune times to facilitate a flexible response by management to any deficiencies identified.
  • Establish reporting mechanisms to meet the requirements of standards-setting organisations.
       
Element: Apply organisational philosophy regarding risk
  • Consult stakeholders in the management of the fraud/corruption risk assessment process.
  • Acknowledge and apply cultural, ethical and economic perspectives of the organisation when making decisions regarding the development and implementation of the risk assessment process in the organisation.
       
Element: Select risk assessment methodology
  • Select risk assessment methodology based on an evaluation of a range of fraud/corruption risk management techniques, and factors including the environment, culture and functions of the organisation.
  • Select methodology to meet the Australian standard for risk management, that is compatible with the organisation’s environment, culture, structure and core business and is able to be applied across all the organisation’s programs and services.
  • Monitor activities of personnel implementing the fraud/corruption risk assessment methodology.
       
Element: Establish reporting and review mechanisms
  • Include the identification of appropriate actions to be implemented in reporting mechanisms.
  • Establish review mechanisms that acknowledge the need for flexibility and the ongoing nature of the fraud/corruption risk assessment process.
  • Establish reporting mechanisms to allow for advice to be provided at opportune times to facilitate a flexible response by management to any deficiencies identified.
  • Establish reporting mechanisms to meet the requirements of standards-setting organisations.
       


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. Apply organisational philosophy regarding risk

1.1 Consult stakeholders in the management of the fraud/corruption risk assessment process.

1.2 Acknowledge and apply cultural, ethical and economic perspectives of the organisation when making decisions regarding the development and implementation of the risk assessment process in the organisation.

2. Select risk assessment methodology

2.1 Select risk assessment methodology based on an evaluation of a range of fraud/corruption risk management techniques, and factors including the environment, culture and functions of the organisation.

2.2 Select methodology to meet the Australian standard for risk management, that is compatible with the organisation’s environment, culture, structure and core business and is able to be applied across all the organisation’s programs and services.

2.3 Monitor activities of personnel implementing the fraud/corruption risk assessment methodology.

3. Establish reporting and review mechanisms

3.1 Include the identification of appropriate actions to be implemented in reporting mechanisms.

3.2 Establish review mechanisms that acknowledge the need for flexibility and the ongoing nature of the fraud/corruption risk assessment process.

3.3 Establish reporting mechanisms to allow for advice to be provided at opportune times to facilitate a flexible response by management to any deficiencies identified.

3.4 Establish reporting mechanisms to meet the requirements of standards-setting organisations.

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.

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

managing any consultants used to conduct the fraud/corruption risk assessment

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.

agency corporate plan and nature of service provided by the agency

external reporting requirements

risk profile of the agency

risk management standards and techniques

control framework operating in the agency

how the fraud/corruption risk assessment methodology addresses the agency-relevant criteria for measuring risk

public sector legislation, policies and procedures including antidiscrimination and diversity legislation, work health and safety, and environment in the context of fraud/corruption control

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. Apply organisational philosophy regarding risk

1.1 Consult stakeholders in the management of the fraud/corruption risk assessment process.

1.2 Acknowledge and apply cultural, ethical and economic perspectives of the organisation when making decisions regarding the development and implementation of the risk assessment process in the organisation.

2. Select risk assessment methodology

2.1 Select risk assessment methodology based on an evaluation of a range of fraud/corruption risk management techniques, and factors including the environment, culture and functions of the organisation.

2.2 Select methodology to meet the Australian standard for risk management, that is compatible with the organisation’s environment, culture, structure and core business and is able to be applied across all the organisation’s programs and services.

2.3 Monitor activities of personnel implementing the fraud/corruption risk assessment methodology.

3. Establish reporting and review mechanisms

3.1 Include the identification of appropriate actions to be implemented in reporting mechanisms.

3.2 Establish review mechanisms that acknowledge the need for flexibility and the ongoing nature of the fraud/corruption risk assessment process.

3.3 Establish reporting mechanisms to allow for advice to be provided at opportune times to facilitate a flexible response by management to any deficiencies identified.

3.4 Establish reporting mechanisms to meet the requirements of standards-setting organisations.

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
Consult stakeholders in the management of the fraud/corruption risk assessment process. 
Acknowledge and apply cultural, ethical and economic perspectives of the organisation when making decisions regarding the development and implementation of the risk assessment process in the organisation. 
Select risk assessment methodology based on an evaluation of a range of fraud/corruption risk management techniques, and factors including the environment, culture and functions of the organisation. 
Select methodology to meet the Australian standard for risk management, that is compatible with the organisation’s environment, culture, structure and core business and is able to be applied across all the organisation’s programs and services. 
Monitor activities of personnel implementing the fraud/corruption risk assessment methodology. 
Include the identification of appropriate actions to be implemented in reporting mechanisms. 
Establish review mechanisms that acknowledge the need for flexibility and the ongoing nature of the fraud/corruption risk assessment process. 
Establish reporting mechanisms to allow for advice to be provided at opportune times to facilitate a flexible response by management to any deficiencies identified. 
Establish reporting mechanisms to meet the requirements of standards-setting organisations. 
Consult stakeholders in the management of the fraud/corruption risk assessment process. 
Acknowledge and apply cultural, ethical and economic perspectives of the organisation when making decisions regarding the development and implementation of the risk assessment process in the organisation. 
Select risk assessment methodology based on an evaluation of a range of fraud/corruption risk management techniques, and factors including the environment, culture and functions of the organisation. 
Select methodology to meet the Australian standard for risk management, that is compatible with the organisation’s environment, culture, structure and core business and is able to be applied across all the organisation’s programs and services. 
Monitor activities of personnel implementing the fraud/corruption risk assessment methodology. 
Include the identification of appropriate actions to be implemented in reporting mechanisms. 
Establish review mechanisms that acknowledge the need for flexibility and the ongoing nature of the fraud/corruption risk assessment process. 
Establish reporting mechanisms to allow for advice to be provided at opportune times to facilitate a flexible response by management to any deficiencies identified. 
Establish reporting mechanisms to meet the requirements of standards-setting organisations. 

Forms

Assessment Cover Sheet

PSPFRU010 - Manage fraud risk assessment and action plan
Assessment task 1: [title]

Student name:

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

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Result: Competent Not yet competent

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Assessment Record Sheet

PSPFRU010 - Manage fraud risk assessment and action plan

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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:

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