EvidenceSheet
APRA CPS 230 · Operational risk management, controls and incidents (paras 23 to 32)

CPS 230 para 25 Assess the operational risk impact of business and strategic decisions

As part of business and strategic planning the entity must evaluate how its business and strategic decisions change its operational risk profile and its operational resilience, including what new products, services, geographies and technologies do to that profile. RSE licensees also look to SPS 515.

Source: APRA CPS 230, CPS 230 para 25. 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
2
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

  • Strategic or business plan containing an operational risk and resilience impact assessment · Policy repository / GRC workspace
  • Risk function challenge or sign-off on the strategic plan · Policy repository / GRC workspace

governing documentDocuments that govern the control

  • New product, service, market or technology approval forms with completed operational risk assessments · Document repository

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 24 Sound information and IT capability; monitor asset age and health; meet CPS 234 · CPS 230 para 26 Maintain a comprehensive operational risk profile assessment