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Evidence Guide: DEFFIN027 - Support public sector financial compliance and assurance management

Student: __________________________________________________

Signature: _________________________________________________

Tips for gathering evidence to demonstrate your skills

The important thing to remember when gathering evidence is that the more evidence the better - that is, the more evidence you gather to demonstrate your skills, the more confident an assessor can be that you have learned the skills not just at one point in time, but are continuing to apply and develop those skills (as opposed to just learning for the test!). Furthermore, one piece of evidence that you collect will not usualy demonstrate all the required criteria for a unit of competency, whereas multiple overlapping pieces of evidence will usually do the trick!

From the Wiki University

 

DEFFIN027 - Support public sector financial compliance and assurance management

What evidence can you provide to prove your understanding of each of the following citeria?

Review financial governance requirements

  1. Identify financial governance and ethical requirements to determine application to operations
  2. Access clarifications on application of financial governance requirements from authoritative and recognised sources
  3. Review internal control procedures
Identify financial governance and ethical requirements to determine application to operations

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Access clarifications on application of financial governance requirements from authoritative and recognised sources

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Review internal control procedures

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Monitor adherence to compliance requirements

  1. Monitor financial operations to identify incidences of non-compliance
  2. Review sources of information on potential non-compliance
  3. Monitor financial management information system to identify any indication of non-compliance
Monitor financial operations to identify incidences of non-compliance

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Review sources of information on potential non-compliance

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

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

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Liaise with others during breach management

  1. Liaise with relevant regulatory authorities
  2. Seek advice from relevant internal and external personnel on the classification and management of non-compliance
Liaise with relevant regulatory authorities

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

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

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Monitor policy

  1. Report on performance indicators
  2. Identify variations in adoption of corporate governance requirements in operations
  3. Implement solutions to facilitate compliance with internal control procedures
Report on performance indicators

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify variations in adoption of corporate governance requirements in operations

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Implement solutions to facilitate compliance with internal control procedures

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Assessed

Teacher: ___________________________________ Date: _________

Signature: ________________________________________________

Comments:

 

 

 

 

 

 

 

 

Instructions to Assessors

Evidence Guide

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 financial governance and ethical requirements to determine application to operations

1.2

Access clarifications on application of financial governance requirements from authoritative and recognised sources

1.3

Review internal control procedures

2

Monitor adherence to compliance requirements

2.1

Monitor financial operations to identify incidences of non-compliance

2.2

Review sources of information on potential non-compliance

2.3

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

3

Liaise with others during breach management

3.1

Liaise with relevant regulatory authorities

3.2

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

4

Monitor policy

4.1

Report on performance indicators

4.2

Identify variations in adoption of corporate governance requirements in operations

4.3

Implement solutions to facilitate compliance with internal control procedures

Required Skills and Knowledge

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 financial governance and ethical requirements to determine application to operations

1.2

Access clarifications on application of financial governance requirements from authoritative and recognised sources

1.3

Review internal control procedures

2

Monitor adherence to compliance requirements

2.1

Monitor financial operations to identify incidences of non-compliance

2.2

Review sources of information on potential non-compliance

2.3

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

3

Liaise with others during breach management

3.1

Liaise with relevant regulatory authorities

3.2

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

4

Monitor policy

4.1

Report on performance indicators

4.2

Identify variations in adoption of corporate governance requirements in operations

4.3

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:

implementing processes for managing financial non-compliance

liaising with stakeholders

monitoring financial compliance requirements, including:

monitoring information systems

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

seeking advice from internal and external personnel

investigating instances of non-compliance

obtaining and keeping up to date with financial compliance requirements

preparing reports.

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 responsibilities for compliance

organisational standards for operations and ethics

potential incidents of non-compliance

procedures for managing incidents of non-compliance

relevant legislation and organisational policies and procedures

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

Range Statement

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.