Strengthening CPS 230 Resilience Through Internal Audit
2 Feb 2026Since 1 July 2025, APRA’s Prudential Standard CPS 230 Operational Risk Management has been fully enforceable. The standard now shifts the focus from readiness to demonstrating resilience, requiring entities to prove that operational risk frameworks, business continuity plans and service provider arrangements operate effectively in practice. Under CPS 230, Internal Audit has two mandated responsibilities: […]