CPS 230 raises the bar for operational risk evidence

  • Controls and evidence scattered across teams
  • Hard to show a clear audit trail for operational risk
  • Service-provider obligations add complexity
  • Manual tracking does not scale across entities

Practical tracking for CPS 230 themes

Obligations register

Map CPS 230-related obligations with owners and due dates.

Control evidence

Attach documents to the controls they support.

Risk linkage

Connect operational risks to controls and evidence.

Audit activities

Track review tasks through to completion.

Reporting

Status views for leadership and risk teams.

Document history

Show how records changed over time.

Framed around CPS 230 — not legal interpretation

CPS 230 (Operational Risk Management) is an APRA prudential standard. See the official APRA CPS 230 page at apra.gov.au for authoritative requirements. NovoCove helps you organise obligations, controls, and evidence — it does not certify CPS 230 compliance or provide legal interpretation.

Frequently asked questions

Does NovoCove certify CPS 230 compliance?
No. NovoCove is a workflow tool to organise CPS 230-related obligations, controls, and evidence. It does not certify compliance with APRA standards or replace professional advice.
Does NovoCove guarantee CPS 230 compliance?
No. NovoCove helps you organise and track compliance activities but does not guarantee any regulatory outcome and is not a substitute for professional or legal advice. Responsibility for meeting obligations remains with your organisation.
Can NovoCove replace spreadsheets?
Yes. NovoCove gives you a structured place to record obligations, assign owners, set reminders, and attach evidence — reducing version confusion and missed updates as your team grows.

Organise CPS 230 operational risk work

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