CPS 230 para 50 Mandatory Minimum Classification of Material Service Providers
Unless it can justify otherwise the entity must classify as material service providers at least those supplying credit assessment, funding and liquidity management and mortgage brokerage for an ADI, underwriting, claims
3
artefacts
0
held by a system
1
at each review
hard
to go live
Vendor register / contract repository
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
- Entity type specific coverage evidence · Vendor register / contract repository
governing documentDocuments that govern the control
- Classification decisions against the mandatory minimum list · Vendor register / contract repository
- Documented justification for any exclusion · Vendor register / contract repository
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
- Internal audit or risk management providers not classified as material
- Exclusions undocumented
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 49 Register of Material Service Providers · CPS 230 para 51 Annual Submission of the Material Service Provider Register to APRA