Unit of competency Outline

Date retreived
22/07/2026 1:28 PM AWST

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Manage public sector financial compliance and assurance

Manage public sector financial compliance and assurance

Unit of competency
National Code
DEFFIN026
State Code
BBC19
TGA Status
Current
DTWD Status
Approved
Current Release Number
1.00
Current Release Date
17/08/2017
View on TGA
State Implementation and Classification
Approved Date
21/02/2018
Field of Education
080399 - Business And Management, N.e.c.
Original Release Date
21/02/2018
Nominal Hours
0
Description
This unit describes the skills required to monitor and manage Defence financial governance requirements.This unit applies to those working in the public sector Finance Domain who would be required to undertake financial administration activities.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, particularly those related to financial management.Those undertaking this unit would be working under minimal supervision and/or supervising small teams while undertaking financial management tasks. They would perform complex tasks in familiar context.No licensing, legislative or certification requirements apply to this unit at the time of publication.
Notes
Elements and Performance Criteria
1 Review financial governance requirements
  • 1.1 Identify and analyse corporate governance and ethical requirements to determine application to operations
  • 1.2 Review internal control procedures
2 Monitor adherence to compliance requirements
  • 2.1 Monitor and evaluate organisation operations to identify incidences of non-compliance
  • 2.2 Review and evaluate sources of information on potential non-compliance
  • 2.3 Interrogate financial management information system to identify any indication of non-compliance
3 Liaise with others during breach management
  • 3.1 Maintain liaison with relevant regulatory authorities and other organisations
  • 3.2 Seek advice from relevant internal and external personnel on the classification and management of non-compliance
4 Monitor policy
  • 4.1 Develop and report on performance indicators to evaluate compliance with internal control procedures
  • 4.2 Identify and evaluate variations in adoption of financial governance requirements in operations
  • 4.3 Develop and implement solutions to facilitate compliance with internal control procedures
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State Code National Code Title Type
BDK1 DEF50817 Diploma of Defence Financial Management Qualification