What evidence do auditors commonly ask for on CPS 230 para 19 Board ultimate accountability for operational risk oversight?

Board charter or delegations instrument recording Board accountability for operational risk, continuity and service providers; Board and committee calendar showing scheduled operational risk, BCP and service provider agenda items; Accountability map (FAR or equivalent) linking Board accountability to executive owners.

What is the most common gap auditors find on CPS 230 para 19?

Board charter refers to risk generally with no mention of continuity or service providers

APRA CPS 230 · Roles and responsibilities (paras 19 to 22)

`CPS 230 para 19` Board ultimate accountability for operational risk oversight

The Board carries final accountability for overseeing the entity's operational risk management, and that accountability expressly extends to business continuity and to how service provider arrangements are managed. For an RSE licensee 'Board' means its board or group of individual trustees; for a foreign ADI it means the senior officer outside Australia.

Source: APRA CPS 230, CPS 230 para 19. 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.

artefacts

held by a system

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

none for this control

governing documentDocuments that govern the control

Board charter or delegations instrument recording Board accountability for operational risk, continuity and service providers · Policy repository / GRC workspace
Board and committee calendar showing scheduled operational risk, BCP and service provider agenda items · Policy repository / GRC workspace
Accountability map (FAR or equivalent) linking Board accountability to executive owners · 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

Board charter refers to risk generally with no mention of continuity or service providers
Oversight wholly delegated to a committee with no reporting back to the full Board

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 17 Integrate operational risk management; align BCP with recovery and exit planning · CPS 230 para 20 Board ensures clear senior manager roles for operational risk, continuity and service providers