Conduct fraud risk assessments

Formats and tools

Unit Description
Reconstruct the unit from the xml and display it as an HTML page.
Assessment Tool
an assessor resource that builds a framework for writing an assessment tool
Assessment Template
generate a spreadsheet for marking this unit in a classroom environment. Put student names in the top row and check them off as they demonstrate competenece for each of the unit's elements and performance criteria.
Assessment Matrix
a slightly different format than the assessment template. A spreadsheet with unit names, elements and performance criteria in separate columns. Put assessment names in column headings to track which performance criteria each one covers. Good for ensuring that you've covered every one of the performance criteria with your assessment instrument (all assessement tools together).
Wiki Markup
mark up the unit in a wiki markup codes, ready to copy and paste into a wiki page. The output will work in most wikis but is designed to work particularly well as a Wikiversity learning project.
Evidence Guide
create an evidence guide for workplace assessment and RPL applicants
Competency Mapping Template
Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners. A template for developing assessments for a unit, which will help you to create valid, fair and reliable assessments for the unit, ready to give to trainers and students
Observation Checklist
create an observation checklist for workplace assessment and RPL applicants. This is similar to the evidence guide above, but a little shorter and friendlier on your printer. You will also need to create a seperate Assessor Marking Guide for guidelines on gathering evidence and a list of key points for each activity observed using the unit's range statement, required skills and evidence required (see the unit's html page for details)

Self Assessment Survey
A form for students to assess thier current skill levels against each of the unit's performance criteria. Cut and paste into a web document or print and distribute in hard copy.
Moodle Outcomes
Create a csv file of the unit's performance criteria to import into a moodle course as outcomes, ready to associate with each of your assignments. Here's a quick 'how to' for importing these into moodle 2.x
Registered Training Organisations
Trying to find someone to train or assess you? This link lists all the RTOs that are currently registered to deliver PSPFRAU504B, 'Conduct fraud risk assessments'.
Google Links
links to google searches, with filtering in place to maximise the usefulness of the returned results
Reference books for 'Conduct fraud risk assessments' on This online store has a huge range of books, pretty reasonable prices, free delivery in Australia *and* they give a small commission to for every purchase, so go nuts :)

Elements and Performance Criteria



1. Conduct fraud and corruption risk assessment

1.1 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.

1.2 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.

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

1.4 Data is assessed for validity and reliability.

1.5 Consultation and data matching are used to identify patterns.

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

2. Review processes involved in the risk assessment

2.1 Processes are regularly reviewed in accordance with the objectives of fraud and corruption risk assessment strategy, government policy and risk management standards.

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

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

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

Qualifications and Skillsets

PSPFRAU504B appears in the following qualifications:

  • FNS51710 - Diploma of Applied Anti-Money Laundering and Counter Terrorism Financing Management
  • PSP50604 - Diploma of Government (Fraud Control)