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Evidence Guide: PSPFRU010 - Manage fraud risk assessment and action plan

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

 

PSPFRU010 - Manage fraud risk assessment and action plan

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

Apply organisational philosophy regarding risk

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

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

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.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Select risk assessment methodology

  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. 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.
  3. Monitor activities of personnel implementing the fraud/corruption 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.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

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.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

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

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Establish reporting and review mechanisms

  1. Include the identification of appropriate actions to be implemented in reporting mechanisms.
  2. Establish review mechanisms that acknowledge the need for flexibility and the ongoing nature of the fraud/corruption risk assessment process.
  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.
  4. Establish reporting mechanisms to meet the requirements of standards-setting organisations.
Include the identification of appropriate actions to be implemented in reporting mechanisms.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

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

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

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

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

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

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Apply organisational philosophy regarding risk

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

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

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.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Select risk assessment methodology

  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. 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.
  3. Monitor activities of personnel implementing the fraud/corruption 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.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

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.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

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

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Establish reporting and review mechanisms

  1. Include the identification of appropriate actions to be implemented in reporting mechanisms.
  2. Establish review mechanisms that acknowledge the need for flexibility and the ongoing nature of the fraud/corruption risk assessment process.
  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.
  4. Establish reporting mechanisms to meet the requirements of standards-setting organisations.
Include the identification of appropriate actions to be implemented in reporting mechanisms.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

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

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

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

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

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

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. 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.

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. 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