CPS 230 para 14 Rely on a service provider only where prudential obligations stay fully met
The entity may depend on a service provider only where it is able to show that, with that reliance in place, it still meets all of its prudential obligations and can properly manage the risks the reliance creates.
Source: APRA CPS 230, CPS 230 para 14. 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.
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
- Pre-engagement assessment for each service provider recording which prudential obligations the service touches and how they remain met · Vendor register / contract repository
- Approval record for each reliance decision, naming the accountable executive · Vendor register / contract repository
- Third-party risk assessment with residual risk rating and risk acceptance · Vendor register / contract repository
governing documentDocuments that govern the control
none for this control
First move
Common gaps auditors find
- Reliance decisions made on commercial grounds with no prudential obligations analysis
- Intra-group providers excluded from the assessment
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 sheetCPS 230 para 13 Prevent disruption, adapt within tolerance and return to normal promptly · CPS 230 para 15 Operational risk elements of the risk management framework