Unit of competency Outline

Date retreived
22/07/2026 7:48 PM AWST

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Manage fraud risk assessment and action plan

Manage fraud risk assessment and action plan

Unit of competency
National Code
PSPFRU010
State Code
AWW04
TGA Status
Replaced
DTWD Status
Replaced
Current Release Number
1.00
Current Release Date
07/03/2016
View on TGA
State Implementation and Classification
Approved Date
21/07/2016
Field of Education
091105 - Police Studies
Original Release Date
21/07/2016
Nominal Hours
40
Description
This unit describes the skills required to manage fraud/corruption risk assessment, where personnel conducting the risk assessment may be internal staff or consultants. It includes applying organisational philosophy regarding risk, selecting a risk assessment methodology, and establishing reporting and review mechanisms.This unit applies to those working in management roles overseeing the fraud risk assessment and action plan.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 supervising others, 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. 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.
No information
No information
Replaces
State Code National Code Title Type
C8130 PSPFRAU602B Manage fraud risk assessment and action plan Unit of competency
Replaced By
State Code National Code Title Type
ODW33 PSPFRU015 Manage fraud risk assessment and action plan Unit of competency