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Evidence Guide: PSPFRU005 - 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

 

PSPFRU005 - 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. Conduct fraud and corruption risk assessment based on understanding of the environment and core business of the organisation.
  2. Identify and report any gaps in the predetermined methodology and propose options to fill these gaps as required.
  3. Allow for impacts of possible change in organisational business in the risk assessment.
  4. Assess validity and reliability of data.
  5. Use consultation and data matching to identify patterns.
  6. Apply both qualitative assessment and quantitative representation of risks in the assessment.
Conduct fraud and corruption risk assessment based on understanding of the environment and core business of the organisation.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

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

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

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

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Assess validity and reliability of data.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Use consultation and data matching to identify patterns.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

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

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Review processes involved in the risk assessment

  1. Monitor and review processes in accordance with the objectives of fraud and corruption risk assessment strategy, government policy and risk management standards.
  2. Provide advice to business sections and other stakeholders regarding issues arising out of fraud and corruption risk assessment.
  3. Discuss options to overcome identified obstacles with management, affected or relevant staff, and implement agreed options.
  4. Assess effectiveness of fraud and corruption control strategies, and prepare reports for various audiences.
Monitor and review processes in accordance with the objectives of fraud and corruption risk assessment strategy, government policy and risk management standards.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

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

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

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

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

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

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Conduct fraud and corruption risk assessment

  1. Conduct fraud and corruption risk assessment based on understanding of the environment and core business of the organisation.
  2. Identify and report any gaps in the predetermined methodology and propose options to fill these gaps as required.
  3. Allow for impacts of possible change in organisational business in the risk assessment.
  4. Assess validity and reliability of data.
  5. Use consultation and data matching to identify patterns.
  6. Apply both qualitative assessment and quantitative representation of risks in the assessment.
Conduct fraud and corruption risk assessment based on understanding of the environment and core business of the organisation.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

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

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

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

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Assess validity and reliability of data.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Use consultation and data matching to identify patterns.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

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

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Review processes involved in the risk assessment

  1. Monitor and review processes in accordance with the objectives of fraud and corruption risk assessment strategy, government policy and risk management standards.
  2. Provide advice to business sections and other stakeholders regarding issues arising out of fraud and corruption risk assessment.
  3. Discuss options to overcome identified obstacles with management, affected or relevant staff, and implement agreed options.
  4. Assess effectiveness of fraud and corruption control strategies, and prepare reports for various audiences.
Monitor and review processes in accordance with the objectives of fraud and corruption risk assessment strategy, government policy and risk management standards.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

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

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

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

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

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

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. 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.

Required Skills and Knowledge

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