CPS 230 para 20 Board Accountability for Operational Risk Management
The Board is ultimately accountable for oversight of the entity operational risk management, including business continuity and the management of service provider arrangements.
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
system holds itEvidence a system already holds
none for this control
periodic reviewEvidence produced at each review
- Board minutes covering business continuity and service provider oversight · Policy repository / GRC workspace
governing documentDocuments that govern the control
- Board charter assigning operational risk accountability · Policy repository / GRC workspace
- Board reporting pack contents · Policy repository / GRC workspace
First move
This control is evidenced by people and documents, not systems. Put the document under version control with an owner and review date, and log each review as a record with reviewer and date. Do not try to automate it.
Common gaps auditors find
- Accountability recorded for operational risk but not for continuity or service providers
- No Board level record of oversight
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 18 Integration with the Risk Management Framework and Recovery Planning · CPS 230 para 21 Board Setting of Senior Manager Roles and Responsibilities