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.
Elements and 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 of Performance
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 of Knowledge
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
legislation, policies and procedures relating to fraud and corruption risk assessment
Australian and New Zealand standards â€“ AS/NZS 4360:1999 or as revised
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.
Foundation skills are embedded within the elements and performance criteria of this unit.