5 Ways Impero Helps You Prove Provision 29 Compliance

The UK Corporate Governance Code 2024 has raised the bar for internal control reporting. From 1 January 2026, boards of premium-listed companies will be expected to go beyond narrative statements and declare the effectiveness of their material controls—a central requirement of Provision 29.

For many organisations, that means stronger documentation, better visibility, and a more coordinated approach to risk and control management. That’s where Impero comes in.

Here are five ways Impero helps you meet the demands of Provision 29—and demonstrate control effectiveness with confidence.

1. Identify and Document Your Material Controls

Before you can assess the effectiveness of your controls, you need to know which ones are material—that is, which ones mitigate risks that could seriously impact your business model, reputation, solvency, or reporting integrity.

Impero helps you:

• Map controls to key risks and business processes
• Categorise controls across financial, operational, reporting, and compliance areas
• Assign control ownership and link directly to related policies or documentation

By giving you a structured and centralised control framework, Impero supports the foundation of your Provision 29 declaration—clarity over what matters most.

2. Track Control Performance Across the Organisation

It’s not enough to document controls; you need to know they’re actually working. Provision 29 calls on boards to monitor the internal control framework regularly—not just review it once a year.

With Impero, you can:

• Automate recurring control tasks and testing procedures
• Monitor completion rates, control effectiveness, and overdue actions
• Visualise control performance through real-time dashboards

This turns compliance from a reactive process into a continuous oversight model—giving executives and audit committees the confidence that controls are embedded and functioning as intended.

3. Provide a Clear Audit Trail for Your Annual Review

The Code requires boards to describe how they’ve reviewed the effectiveness of their control framework. That includes showing what was assessed, who was involved, what evidence was used, and what issues were found.

Impero provides:

• Timestamped logs of all control testing and sign-off activities
• Integrated evidence uploads and workflow approvals
• Full audit trails ready for both internal and external scrutiny

Whether you rely on internal audit, management testing, or third-party assessors, Impero makes it easy to track and validate your review process—and prove it to your stakeholders.

4. Report on Control Effectiveness with Confidence

Provision 29 requires more than a checklist—it demands evidence. Boards must be able to declare, with confidence, that material controls were effective as of the balance sheet date. That means moving from assumptions to verified performance.

Impero’s new Control Testing module gives you the tools to do exactly that:

• Schedule and assign control tests across teams, frequencies, and entities
• Collect evidence in a structured, audit-ready format
• Rate and track effectiveness based on real execution, not guesswork
• Flag control failures automatically and launch follow-up workflows
• Visualise testing coverage and outcomes across your control framework

All test results are stored with full traceability—providing a clear line from day-to-day control activity to the board’s final declaration. Provision 29 shifts the burden of proof onto the company. With Impero, you move beyond spreadsheets and fragmented systems. Instead, you get a single source of truth that helps you back up your board’s statement with facts—not assumptions.

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5. Simplify Collaboration Across Risk, Audit, and Compliance

Provision 29 is not just a finance or audit issue—it’s a cross-functional challenge that demands alignment across internal audit, finance, compliance, and operational risk teams.

Impero creates that alignment by:

• Offering a central platform to manage controls, risks, and tasks
• Enabling collaboration between control owners and reviewers
• Bridging the gap between testing and reporting activities

By streamlining communication and reducing silos, Impero helps your organisation take a more joined-up approach to governance—one that’s both efficient and defensible.

Final Thoughts

Provision 29 represents a turning point for UK corporate governance. It’s a shift away from tick-box compliance and toward a culture of transparency, accountability, and assurance.

With Impero, you don’t just comply with the Code—you lead with control confidence. Whether you’re preparing for your first internal controls declaration or strengthening your existing governance model, our platform helps you focus on what matters: building trust, managing risk, and enabling smarter decisions.

Ready to prepare for Provision 29?

Book a demo to see how Impero can help you identify, manage, and report on your material controls—all in one place.