Audit Planning and Design AAIA Practice Questions (Page 4)

Questions 16–20

1. 16foundation · easy

   What is the primary purpose of an AI audit plan?

   • ATo replace the need for ongoing monitoring of the AI system after deployment
   • BTo define the objectives, scope, criteria, and approach for evaluating an AI system
   • CTo guarantee that the AI system will pass all regulatory requirements
   • DTo document every code change made to the AI system during development
   Reveal Solution Discussion Select an answer first
2. 17expert · hard

   A large bank is planning an audit of multiple AI systems: a credit-scoring model, a chatbot for customer service, and an anti-money laundering (AML) transaction monitoring system. The audit team has a limited budget and must prioritize which systems to audit in depth. The credit-scoring model has been in production for five years with no major changes, the chatbot is new and has had several complaints about inappropriate responses, and the AML system is subject to regulatory scrutiny. Which system should receive the highest audit priority?

   • AThe chatbot, because it is new and has received complaints about inappropriate responses.
   • BThe credit-scoring model, because it has been in production the longest and may have accumulated issues.
   • CThe AML transaction monitoring system, due to regulatory scrutiny and the high risk of non-compliance.
   • DAll systems equally, to ensure comprehensive coverage.
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4. 18foundation · easy

   What is the purpose of designing audit procedures and tests?

   • ATo collect sufficient and appropriate evidence to support audit conclusions
   • BTo ensure the audit is completed as quickly as possible
   • CTo replace the need for audit documentation
   • DTo prove that the AI system is perfect
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5. 19application · medium

   An auditor is preparing to audit a healthcare AI system that predicts patient readmission risk. The system uses electronic health records (EHR) and a deep learning model. To design effective audit procedures, what should the auditor do first?

   • ADevelop a detailed sampling strategy to test the model's predictions against actual outcomes.
   • BGather detailed information about the system's architecture, data sources, model inputs, and stakeholders to understand how the system operates.
   • CSelect a set of audit criteria, such as ISO/IEC 42001, to evaluate the system against.
   • DCreate a timeline and milestones for the audit to ensure it is completed on schedule.
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6. 20foundation · easy

   What is a milestone in an audit timeline?

   • AA minor task that can be skipped if time is short
   • BA meeting with stakeholders to discuss the audit plan
   • CA final report that is issued at the end of the audit
   • DA significant point in the audit that marks the completion of a major phase
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