Unit of competency Outline

Date retreived
22/07/2026 9:52 PM AWST

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Conduct fraud risk assessments

Conduct fraud risk assessments

Unit of competency
National Code
PSPFRAU504B
State Code
C8125
TGA Status
Replaced
DTWD Status
Replaced
Current Release Number
3.00
Current Release Date
01/11/2012
View on TGA
State Implementation and Classification
Approved Date
31/07/2014
Field of Education
091105 - Police Studies
Original Release Date
31/07/2014
Nominal Hours
30
Description
This unit covers the implementation of 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 (AS/NZS 4360:1999 or as revised).Fraud in the unit title incorporates both fraud and corruption. In practice, conducting fraud and corruption risk assessments may overlap with other generalist or specialist public sector workplace activities such as acting ethically, promoting compliance with legislation, delivering client services, anticipating fraud and corruption activity, developing fraud and corruption control plans, etc.This unit replaces and is equivalent to PSPFRAU504A Conduct fraud risk assessment.No licensing, legislative, regulatory or certification requirements apply to this unit at the time of publication
Notes
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.
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
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
Replaces
State Code National Code Title Type
C1152 PSPFRAU504A Conduct fraud risk assessment Unit of competency
Replaced By
State Code National Code Title Type
AWW11 PSPFRU005 Conduct fraud risk assessments Unit of competency