The introduction of APRA’s CPS 230 Operational Risk Management marks a significant shift in the regulatory landscape for APRA-regulated entities. With a stronger focus on operational resilience, third-party risk, and continuity planning, internal auditors and risk practitioners now have expanded responsibilities in supporting their organisation’s operational risk management framework.
This focused webinar will unpack the key components of CPS 230 and explore what it means for internal audit functions—especially in shaping strategic audit plans, supporting risk committees, and providing assurance across critical business operations. It will also explore how risk and audit professionals can collaborate to strengthen governance, oversight, and resilience.
What You’ll Learn:
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Understanding CPS 230: Key requirements and implications for internal auditors
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Assessing and Assuring Resilience: Tools and frameworks for reviewing continuity of critical business services
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Auditing Business Continuity & Disaster Recovery: What to test, how often, and how to document it
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Evaluating Third-Party & Outsourced Risk: Establishing controls and oversight for material service providers
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Internal Audit’s Strategic Role: Supporting Boards and Risk Committees in line with regulatory expectations
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Integrating Resilience into the Audit Plan: Practical approaches and forward-thinking strategies
Who Should Attend:
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Internal auditors and audit leaders
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Risk managers
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Compliance and assurance professionals
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Executives and managers in APRA-regulated industries
CPE : 1 hour
Presenter: Kumar Srinivasan
Kumar Srinivasan, is an experienced professional specialising in risk management, controls assurance, and audit execution. With a proven track record of embedding risk frameworks and enhancing organisational resilience, the trainer brings deep expertise in building risk and controls assurance capability maturity within organisations.
Kumar Srinivasan has more than 20 years of experience working in private and public sectors specialising in critical infrastructure assets, property, utilities, and higher education. Kumar has been instrumental in bringing change and ensuring that organisations are able to successfully navigate uncertainties and meet their strategic objectives.
Kumar Srinivasan’s extensive expertise in critical infrastructure spans sectors such as utilities, property, and higher education. His experience includes implementing robust risk frameworks for vital assets and ensuring their compliance within regulatory environments. This unique insight enables him to address complex challenges and deliver solutions that enhance organisational resilience and safeguards critical operations.
Kumar graduated with bachelors in engineering and masters in engineering management from the University of Technology Sydney.