Unit of competency Outline
Date retreived
22/07/2026 8:10 AM AWST
22/07/2026 8:10 AM AWST
Whilst all efforts are made to provide accurate and timely information from the relevant source/documentation, please be aware that the information supplied may not be the most current version. The accuracy of the detail has not been confirmed by the Department and therefore should not be relied upon without first confirming the contents.
Conduct fraud risk assessments
Conduct fraud risk assessments
Unit of competency
National Code
PSPFRU005
PSPFRU005
State Code
AWW11
AWW11
TGA Status
Current
Current
DTWD Status
Approved
Approved
State Implementation and Classification
Approved Date
21/07/2016
Field of Education
091105 - Police Studies
Original Release Date
21/07/2016
Nominal Hours
35
Description
This unit describes the skills required to implement a fraud and corruption risk management process that may be the responsibility of organisational staff or contractors. It includes conducting fraud and corruption risk assessment and reviewing the processes involved in the risk assessment in line with standard risk management processes.This unit applies to those working in roles involved with performing risk assessments for their organisation or business unit.The skills and knowledge described in this unit must be applied within the legislative, regulatory and policy environment in which they are carried out. Organisational policies and procedures must be consulted and adhered to.Those undertaking this unit would work autonomously, performing complex tasks in a range of familiar contexts.No licensing, legislative or certification requirements apply to unit at the time of publication.
Notes
Elements and Performance Criteria
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.
No information
No information
Replaces
| State Code | National Code | Title | Type |
|---|---|---|---|
| C8125 | PSPFRAU504B | Conduct fraud risk assessments | Unit of competency |
| State Code | National Code | Title | Type |
|---|---|---|---|
| AZY5 | PSP50716 | Diploma of Fraud Control | Qualification |