PSPFRU005 — Conduct fraud risk assessments
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What an assessment for PSPFRU005 must cover
26 assessable components: 2 elements (10 performance criteria), 5 performance evidence and 11 knowledge evidence requirements. An audit-defensible tool maps every question and task back to these — that mapping is the coverage matrix Auditori generates alongside the assessment.
Elements & performance criteria
1 Conduct fraud and corruption risk assessment
- 1.1Conduct fraud and corruption risk assessment based on understanding of the environment and core business of the organisation.
- 1.2Identify and report any gaps in the predetermined methodology and propose options to fill these gaps as required.
- 1.3Allow for impacts of possible change in organisational business in the risk assessment.
- 1.4Assess validity and reliability of data.
- 1.5Use consultation and data matching to identify patterns.
- 1.6Apply both qualitative assessment and quantitative representation of risks in the assessment.
2 Review processes involved in the risk assessment
- 2.1Monitor and review processes in accordance with the objectives of fraud and corruption risk assessment strategy, government policy and risk management standards.
- 2.2Provide advice to business sections and other stakeholders regarding issues arising out of fraud and corruption risk assessment.
- 2.3Discuss options to overcome identified obstacles with management, affected or relevant staff, and implement agreed options.
- 2.4Assess effectiveness of fraud and corruption control strategies, and prepare reports for various audiences.
Performance evidence
- planning, analysis and evaluation relating to fraud and corruption risk assessment
- using communication, consultation and negotiation styles to suit different audiences and purposes
- providing advice on complex documents, including legislation, policy and recommendations relating to fraud and corruption risk control
- differentiating between the inherent risks and the effectiveness of controls in place
- managing contractors if the fraud and corruption risk assessment is outsourced
Knowledge evidence
- fraud and corruption and how they relate to the specific functions and activities of the organisation together with an understanding of ethical standards required by the organisation of its staff, contractors and suppliers
- jurisdictional fraud and corruption control requirements
- agency fraud and corruption control policy
- fraud and corruption risk management methodology
- agency structure and core business activities
- current fraud and corruption control plan
- relationship of the risk methodology to the fraud and corruption control strategy
- fraud and corruption risk factors in the organisation
- anti-discrimination and diversity legislation
- legislation, policies and procedures relating to fraud and corruption risk assessment
- Australian and New Zealand standards – AS/NZS 4360:1999 or as revised
Unit content sourced from training.gov.au — © Commonwealth of Australia, licensed under CC BY 4.0. Auditori is not affiliated with the Department of Employment and Workplace Relations.
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Real, unedited Auditori output (RIIHAN201E shown), branded for a sample RTO:
Questions about assessing PSPFRU005
What does an assessment tool for PSPFRU005 need to cover?
To satisfy the Principles of Assessment and Rules of Evidence, an assessment for PSPFRU005 needs to address all 26 unit components: 2 elements with 10 performance criteria, 5 performance evidence requirements, 11 knowledge evidence requirements, and the foundation skills. A coverage matrix mapping each question and task to these components is what an auditor looks for.
How does Auditori generate an assessment tool for PSPFRU005?
Auditori pulls the current release of PSPFRU005 from training.gov.au and generates a complete package: candidate assessment, assessor guide with model answers and observation criteria, and a coverage matrix mapping every component. A suitably qualified person then reviews and approves the draft in a built-in workflow — consistent with ASQA's guidance on AI use in VET — before export as branded PDF and editable Word.
Is the first assessment tool really free?
Yes. Every new account includes one free credit — enough to generate the complete assessment tool for PSPFRU005 — with no card and no subscription required. After that it's pay-as-you-go per unit.
Can I check my existing PSPFRU005 assessment instead of generating a new one?
Yes — upload your existing assessment or learner guide and Auditori maps it against every element, performance criterion, PE and KE of PSPFRU005, showing exactly what's covered and what's missing. Mapping costs a quarter of a credit.
Related units
- PSPFRU001 — Monitor data for indicators of fraud
- PSPFRU002 — Conduct fraud control awareness sessions
- PSPFRU003 — Communicate fraud control awareness
- PSPFRU006 — Develop fraud control plans
- PSPFRU007 — Implement fraud control activities
- PSPFRU008 — Coordinate development and implementation of fraud information systems
- PSPFRU013 — Anticipate and detect possible fraud activity
- PSPFRU014 — Develop fraud control strategy
- PSPFRU015 — Manage fraud risk assessment and action plan
- PSPFRU016 — Manage fraud control awareness
- PSPFRU017 — Review fraud control activities
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