CPS 230 para 22 Board Oversight, Approval of the BCP, Tolerance Levels and Service Provider Policy
The Board must oversee operational risk management and the effectiveness of key internal controls in holding the risk profile within appetite with regular updates and action where concerns arise, approve the business con
3
artefacts
0
held by a system
0
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
none for this control
governing documentDocuments that govern the control
- Board approvals of the BCP, tolerance levels and service provider policy · Policy repository / GRC workspace
- Regular Board updates on the operational risk profile · Policy repository / GRC workspace
- Board review of testing results and material service provider reporting · 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
- Tolerance levels set by management without Board approval
- Testing results never reaching the 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 sheetCPS 230 para 21 Board Setting of Senior Manager Roles and Responsibilities · CPS 230 para 23 Senior Management Information to the Board on Resilience Decisions