PSPFRU015 — Manage fraud risk assessment and action plan

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.

• 2.1Select 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.
• 2.2Select methodology to meet the Australian standard for risk management according to organisational policies and procedures.
• 2.3Monitor activities of personnel implementing the fraud and corruption risk assessment methodology.

3 Establish reporting and review mechanisms.

• 3.1Identify appropriate actions to be implemented in reporting mechanisms.
• 3.2.Design review mechanisms for the fraud and corruption risk assessment process.
• 3.3Establish reporting mechanisms to facilitate a flexible response to deficiencies identified.
• 3.4.Establish reporting mechanisms to meet the requirements of standards setting organisations.

What does an assessment tool for PSPFRU015 need to cover?

To satisfy the Principles of Assessment and Rules of Evidence, an assessment for PSPFRU015 needs to address all 21 unit components: 3 elements with 9 performance criteria, 1 performance evidence requirements, 8 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 PSPFRU015?

Auditori pulls the current release of PSPFRU015 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 PSPFRU015 — with no card and no subscription required. After that it's pay-as-you-go per unit.

Can I check my existing PSPFRU015 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 PSPFRU015, showing exactly what's covered and what's missing. Mapping costs a quarter of a credit.