EvidenceSheet
APRA CPS 230 · Key principles and operational risk management framework (paras 11 to 18)

CPS 230 para 11 Key principles: manage operational risk, keep critical operations within tolerance, manage service provider…

The entity is bound by three overarching principles: run effective operational risk management while setting and upholding suitable conduct and compliance standards; keep its critical operations inside their tolerance levels even when a severe disruption hits; and control the risks that come from relying on service providers. Every later paragraph elaborates one of these three.

Source: APRA CPS 230, CPS 230 para 11. The statement above is our statement of the clause, read from the published text and cited so you can check it against the official text, not the instrument verbatim. Open APRA CPS 230 in the compliance library.

Applies to APRA-regulated entities.

3
artefacts
0
held by a system
1
at each review
hard
to go live
Policy repository / GRC workspace
where the evidence lives
teal = a system already holds it · olive = produced at each review. To go live: easy when half or more of the artefacts are already held by a system, moderate from a quarter to a half, hard below a quarter.

These are the artefacts auditors commonly ask for on this requirement, our guidance rather than text from the standard. Your assessor decides what is sufficient in your context, and asks for samples across the period when a report covers one.

system holds itEvidence a system already holds

none for this control

periodic reviewEvidence produced at each review

  • Annual CPS 230 self-assessment or gap analysis report with remediation tracker · Document repository

governing documentDocuments that govern the control

  • Board-approved CPS 230 compliance map tracing each paragraph of the issue to an owner, policy and control · Policy repository / GRC workspace
  • Code of conduct and compliance standards with dated approval and attestation records · Policy repository / GRC workspace

First move

No system holds this evidence for you: it is people and documents. Reminders and routing to the owner still save time. Put the document under version control with an owner and review date, and log each review as a record with reviewer and date.

Common gaps auditors find

Do this for your whole sheet

Paste the rows you run your controls from and get this mapping for every control at once, with the periodic-review ones flagged and a first move per row. No account for the first run.

Build my evidence sheet

CPS 230 para 12 Identify, assess and manage operational risk