APRA CPS 220 Risk Management
Review

APRA CPS 220 Risk Management CPS220-P47: Minimum Assessment Required by the Framework Review

The review of the risk management framework must at least assess whether the framework is implemented and effective, whether it remains appropriate given the current business plan, whether it remains consistent with the Board risk appetite, whether it is supported by adequate resources, and whether the risk management strategy accurately documents the key elements of the framework that give effect to the strategy for managing risk.

Maintained by Gerard BlokdykVerified against the published standard Control text last updated

What else in your programme already covers this

This control maps to 21 controls across 11 other frameworks. If you already hold one of them, the evidence you collected for it is the starting point here rather than new work.

NIST Cybersecurity Framework 2.0 · 5 controls

  • NIST-CSF-GV.OV-01 Cybersecurity risk management strategy outcomes are reviewed to inform and adjust strategy and direction
  • NIST-CSF-GV.OV-02 The cybersecurity risk management strategy is reviewed and adjusted to ensure coverage of organizational requirements and risks
  • NIST-CSF-GV.OV-03 Organizational cybersecurity risk management performance is evaluated and reviewed for adjustments needed
  • NIST-CSF-GV.RR-03 Adequate resources are allocated commensurate with the cybersecurity risk strategy, roles, responsibilities, and policies
  • NIST-CSF-ID.RA-08 Processes for receiving, analyzing, and responding to vulnerability disclosures are established

Cloud Security Alliance Cloud Controls Matrix (CCM) v4.0.1 · 3 controls

NIST SP 800-53 Rev 5 · 3 controls

NIST SP 800-161 Rev 1 · 2 controls

SOC 2 · 2 controls

  • SOC2-CC1.4 CC1.4 Attracting, developing and retaining competent people (COSO principle 4)
  • SOC2-CC4.1 CC4.1 Ongoing and separate evaluations of control (COSO principle 16)

C5 (Germany) · 1 control

  • C5-COM-03 Internal audits of the information security management system

CMMC 2.0 · 1 control

FedRAMP High · 1 control

  • CA-7(4) Continuous Monitoring | Risk Monitoring (CA-7(4))

FedRAMP Moderate · 1 control

  • CA-7(4) Continuous Monitoring | Risk Monitoring (CA-7(4))

HIPAA Security Rule · 1 control

NIST SP 800-66 Rev 2 · 1 control

Every mapping shown was judged rather than inferred from wording similarity, and the ones that failed review are published too. See the coverage reports and what was rejected.

Other controls in Review

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The graph holds this control, the 21 it maps to, and the evidence behind each claim, over MCP and REST.

MCP endpointAll APRA CPS 220 Risk Management controls