Unit of competency Outline

Date retreived
22/07/2026 10:28 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
PSPFRU015
State Code
ODW33
TGA Status
Current
DTWD Status
Approved
Current Release Number
1.00
Current Release Date
03/04/2022
View on TGA
State Implementation and Classification
Approved Date
08/07/2022
Field of Education
091105 - Police Studies
Original Release Date
08/07/2022
Nominal Hours
40
Description
This unit describes the performance outcomes, skills and knowledge required to manage fraud and corruption risk assessment, where personnel conducting the risk assessment may be internal staff or consultants. This unit applies to those working autonomously in management roles overseeing the fraud risk assessment and action plan, performing complex tasks in a range of familiar contexts.The skills in this unit must be applied in accordance with Commonwealth and State or Territory legislation, Australian standards and industry codes of practice.No occupational licensing, certification or specific legislative requirements apply to this unit at the time of publication.
Notes
Elements and Performance Criteria
1. Apply organisational philosophy.
  • 1.1. Consult stakeholders in the management of the fraud and corruption risk assessment process.
  • 1.2. Identify and apply organisational philosophy when making decisions regarding 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 and 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 according to organisational policies and procedures.
  • 2.3 Monitor activities of personnel implementing the fraud and corruption risk assessment methodology.
3. Establish reporting and review mechanisms.
  • 3.1 Identify appropriate actions to be implemented in reporting mechanisms.
  • 3.2. Design review mechanisms for the fraud and corruption risk assessment process.
  • 3.3 Establish reporting mechanisms to facilitate a flexible response to 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
AWW04 PSPFRU010 Manage fraud risk assessment and action plan Unit of competency
State Code National Code Title Type
BHP0 PSP60122 Advanced Diploma of Government Qualification