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Evidence Guide: PSPFRAU504B - Conduct fraud risk assessments

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

 

PSPFRAU504B - Conduct fraud risk assessments

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

Conduct fraud and corruption risk assessment

  1. 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
  2. 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
  3. Impacts of possible change in organisational business are allowed for in the conduct of risk assessment
  4. Data is assessed for validity and reliability
  5. Consultation and data matching are used to identify patterns
  6. Risk assessment is conducted using both qualitative assessment and quantitative representation of risks
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

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

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

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Impacts of possible change in organisational business are allowed for in the conduct of risk assessment

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Data is assessed for validity and reliability

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Consultation and data matching are used to identify patterns

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Risk assessment is conducted using both qualitative assessment and quantitative representation of risks

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Review processes involved in the risk assessment

  1. Processes are regularly reviewed in accordance with the objectives of fraud and corruption risk assessment strategy, government policy and risk management standards
  2. Advice is provided to business sections such as internal audit and other stakeholders regarding issues arising out of fraud and corruption risk assessment
  3. Options to overcome identified obstacles are discussed with management, affected or relevant staff, and agreed options are implemented
  4. Assessments are regularly made regarding the effectiveness of fraud and corruption control strategies, and reports are prepared for various audiences
Processes are regularly reviewed in accordance with the objectives of fraud and corruption risk assessment strategy, government policy and risk management standards

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Advice is provided to business sections such as internal audit and other stakeholders regarding issues arising out of fraud and corruption risk assessment

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Options to overcome identified obstacles are discussed with management, affected or relevant staff, and agreed options are implemented

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Assessments are regularly made regarding the effectiveness of fraud and corruption control strategies, and reports are prepared for various audiences

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Conduct fraud and corruption risk assessment

  1. 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.
  2. 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.
  3. Impacts of possible change in organisational business are allowed for in the conduct of risk assessment.
  4. Data is assessed for validity and reliability.
  5. Consultation and data matching are used to identify patterns.
  6. Risk assessment is conducted using both qualitative assessment and quantitative representation of risks.
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.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

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.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Impacts of possible change in organisational business are allowed for in the conduct of risk assessment.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Data is assessed for validity and reliability.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Consultation and data matching are used to identify patterns.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Risk assessment is conducted using both qualitative assessment and quantitative representation of risks.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Review processes involved in the risk assessment

  1. Processes are regularly reviewed in accordance with the objectives of fraud and corruption risk assessment strategy, government policy and risk management standards.
  2. Advice is provided to business sections such as internal audit and other stakeholders regarding issues arising out of fraud and corruption risk assessment.
  3. Options to overcome identified obstacles are discussed with management, affected or relevant staff, and agreed options are implemented.
  4. Assessments are regularly made regarding the effectiveness of fraud and corruption control strategies, and reports are prepared for various audiences.
Processes are regularly reviewed in accordance with the objectives of fraud and corruption risk assessment strategy, government policy and risk management standards.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Advice is provided to business sections such as internal audit and other stakeholders regarding issues arising out of fraud and corruption risk assessment.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Options to overcome identified obstacles are discussed with management, affected or relevant staff, and agreed options are implemented.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Assessments are regularly made regarding the effectiveness of fraud and corruption control strategies, and reports are prepared for various audiences.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Assessed

Teacher: ___________________________________ Date: _________

Signature: ________________________________________________

Comments:

 

 

 

 

 

 

 

 

Instructions to Assessors

Evidence Guide

The Evidence Guide specifies the evidence required to demonstrate achievement in the unit of competency as a whole. It must be read in conjunction with the Unit descriptor, Performance Criteria, the Range Statement and the Assessment Guidelines for the Public Sector Training Package.

Units to be assessed together

Pre-requisite units that must be achieved prior to this unit:Nil

Co-requisite units that must be assessed with this unit:Nil

Co-assessed units that may be assessed with this unit to increase the efficiency and realism of the assessment process include, but are not limited to:

PSPETHC501B Promote the values and ethos of public service

PSPFRAU502B Anticipate and detect possible fraud activity

PSPFRAU505B Develop fraud control plans

PSPGOV502B Develop client services

PSPGOV504B Undertake research and analysis

PSPGOV517A Coordinate risk management

PSPLEGN501B Promote compliance with legislation in the public sector

Overview of evidence requirements

In addition to integrated demonstration of the elements and their related performance criteria, look for evidence that confirms:

the knowledge requirements of this unit

the skill requirements of this unit

application of the Employability Skills as they relate to this unit (see Employability Summaries in Qualifications Framework)

fraud and corruption risk assessment conducted in a range of (3 or more) contexts (or occasions, over time)

Resources required to carry out assessment

These resources include:

legislation, policy and procedures relating to fraud and corruption control

fraud and corruption risk assessment methodology and review processes

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

fraud and corruption control guidelines and standards

public sector values and codes of conduct

case studies and workplace scenarios to capture the range of fraud and corruption risk assessment situations likely to be encountered

Where and how to assess evidence

Valid assessment of this unit requires:

a workplace environment or one that closely resembles normal work practice and replicates the range of conditions likely to be encountered when conducting fraud and corruption risk assessment, including coping with difficulties, irregularities and breakdowns in routine

fraud and corruption risk assessment conducted in a range of (3 or more) contexts (or occasions, over time)

Assessment methods should reflect workplace demands, such as literacy, and the needs of particular groups, such as:

people with disabilities

people from culturally and linguistically diverse backgrounds

Aboriginal and Torres Strait Islander people

women

young people

older people

people in rural and remote locations

Assessment methods suitable for valid and reliable assessment of this competency may include, but are not limited to, a combination of 2 or more of:

case studies

portfolios

projects

questioning

scenarios

simulation or role plays

authenticated evidence from the workplace and/or training courses

For consistency of assessment

Evidence must be gathered over time in a range of contexts to ensure the person can achieve the unit outcome and apply the competency in different situations or environments

Required Skills and Knowledge

This section describes the essential skills and knowledge and their level, required for this unit.

Skill requirements

Look for evidence that confirms skills in:

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

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

providing advice on complex documents such as 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

responding to diversity, including gender and disability

applying occupational health and safety and environmental procedures in the context of fraud and corruption risk assessment

Knowledge requirements

Look for evidence that confirms knowledge and understanding of:

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

anti-discrimination 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

Range Statement

The Range Statement provides information about the context in which the unit of competency is carried out. The variables cater for differences between States and Territories and the Commonwealth, and between organisations and workplaces. They allow for different work requirements, work practices and knowledge. The Range Statement also provides a focus for assessment. It relates to the unit as a whole. Text in bold italics in the Performance Criteria is explained here.

Risk assessment may include:

fraud and corruption risks identified in isolation or as part of a broader risk management strategy

a risk assessment methodology developed in-house, its development outsourced or adopted from a standards-setting organisation's guidelines (such as Australian and New Zealand standards - AS/NZS 4360:1999 or as revised)

a risk assessment undertaken in-house or outsourced

a risk assessment conducted across the agency as a whole, and may include recent changes to the structure or nature of service delivered by the agency

a fraud and corruption risk assessment undertaken in a number of ways including a single process covering all functions and areas of an agency, using a sample of areas, or in a rolling program

Change may include:

the introduction of outsourcing

policy changes

community concerns

statutory changes affecting the area of operation

introduction of quality management systems

change in structure or nature of service delivery

other changes that impact on internal controls

Risk management standardsrefers to:

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

Advice may relate to:

need to alert key people when problems arise

fraud and corruption risk controls and compliance measures

areas in which controls may be excessive

Stakeholders may include:

agency staff and senior management

contractors and consultants

standards-setting organisations

Effectiveness of fraud and corruption control strategy may be affected by:

management support

building positive relationships with other staff