CPS 230 para 56 Ongoing Risk Management of Each Material Arrangement
For each material arrangement the entity must identify and manage the risks that could affect the provider ability to deliver on an ongoing basis, identify and manage risks to the entity arising from the arrangement such
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
- Per arrangement risk assessments covering step in and contagion risk · Vendor register / contract repository
governing documentDocuments that govern the control
- Exit plans and evidence of their feasibility · Vendor register / contract repository
- Linkage between provider arrangements and BCP execution · 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
- Exit plans asserted but never tested for feasibility
- Step in and contagion risk not considered
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 55 APRA Access Provisions in Formal Agreements · CPS 230 para 58 Monitoring and Senior Management Reporting on Material Arrangements