Audit Planning and Design AAIA Practice Questions (Page 3)

Questions 11–15

1. 11application · medium

   An audit team is planning an audit of an AI-based fraud detection system. The audit will involve reviewing the model's training data, testing the model's performance, and interviewing the data science team. The audit must be completed within six weeks. What should the audit lead do to ensure the audit stays on schedule?

   • AAllocate all available resources to the testing phase, as it is the most critical.
   • BCreate a detailed timeline with milestones for each audit phase, including data review, testing, and interviews, and assign resources accordingly.
   • CConduct all audit procedures simultaneously to save time.
   • DBegin with the most complex testing procedures and work backward to fit the timeline.
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2. 12expert · hard

   An audit team is auditing an AI system that predicts patient outcomes in a hospital. The system was developed by a research team and is used by clinicians. The audit sponsor is the hospital's chief medical officer. During the audit, the team discovers that the model's predictions are sometimes inaccurate for certain patient demographics. What should the audit team do?

   • AKeep the findings confidential until the final report is issued to avoid alarming clinicians.
   • BImmediately recommend that the system be taken out of service.
   • CIgnore the demographic discrepancies because they are outside the original audit scope.
   • DCommunicate the preliminary findings to the sponsor and clinicians, and plan for further testing to understand the root cause.
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4. 13application · medium

   An audit team is auditing an AI system used for employee performance evaluation. The system was developed by the HR department and uses historical performance data. The organization operates in multiple countries with varying data protection regulations. Which set of audit criteria should the team use as benchmarks?

   • AA combination of relevant regulations (e.g., GDPR), internal HR policies, and established AI ethics frameworks.
   • BOnly the EU AI Act, as it is the most comprehensive AI regulation.
   • COnly the organization's internal HR policies, as they are the most specific to the system.
   • DIndustry best practices for AI development, such as those from IEEE.
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5. 14foundation · easy

   Which of the following is an example of a key stakeholder in an AI audit?

   • AThe data science team that developed the AI model
   • BThe marketing department that promotes the product
   • CThe external auditors from a different company
   • DThe cleaning staff of the office building
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6. 15foundation · easy

   What does defining the boundaries of an audit engagement involve?

   • AIdentifying the audit team members and their roles
   • BSelecting the audit tools and software
   • CDetermining the audit budget
   • DSpecifying which systems, processes, and time periods are included in the audit
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