CPS 230 para 58 Monitoring and Senior Management Reporting on Material Arrangements
The entity must monitor material arrangements and ensure senior management receive reporting proportionate to the nature and usage of the service, including regular assessment of performance against agreed service levels
3
artefacts
0
held by a system
2
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
- Control effectiveness assessments for provider risks · Vendor register / contract repository
- Two way compliance reviews against the agreement · Vendor register / contract repository
governing documentDocuments that govern the control
- Service level performance reporting · 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
- Monitoring covers provider performance but not the entity own compliance
- Reporting not reaching senior management
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 56 Ongoing Risk Management of Each Material Arrangement · CPS 230 para 59 APRA Notification of Service Agreements and Offshoring