AI Ownership, Oversight, and Accountability AAIR Practice Questions (Page 3)

Questions 11–15

1. 11expert · hard

   A financial services firm is developing an AI system for investment recommendations. The system is used by financial advisors, and the firm is concerned about regulatory scrutiny. The firm wants to document roles and responsibilities in a way that demonstrates accountability to regulators. What is the most effective documentation approach?

   • AStore documentation in a shared drive without version control or review
   • BCreate a detailed AI governance policy that includes a RACI matrix and escalation procedures
   • CDocument only the final decisions, not the roles and responsibilities
   • DKeep documentation informal and rely on the project team's knowledge
   Reveal Solution Discussion Select an answer first
2. 12application · medium

   A government agency is deploying an AI system to automate eligibility determinations for social benefits. The system was developed by an external contractor. The agency's leadership is concerned about accountability for errors that could deny benefits to eligible citizens. Which action best establishes clear ownership?

   • ATransfer full accountability to the contractor, since they built the system
   • BDesignate a senior agency official as the accountable owner for the AI system and its decisions
   • CRequire the contractor to indemnify the agency for any errors caused by the system
   • DCreate a joint committee of agency and contractor staff to share accountability
   Reveal Solution Discussion Select an answer first
4. 13foundation · easy

   What does integrating AI governance with enterprise risk management (ERM) primarily involve?

   • AEliminating all AI risks through insurance
   • BAligning AI risk management with the organization's overall risk governance framework
   • CKeeping AI risks separate from other enterprise risks
   • DDelegating AI risk management solely to the IT department
   Reveal Solution Discussion Select an answer first
5. 14foundation · easy

   What is the primary purpose of defining AI ownership within an organization?

   • ATo assign a single point of accountability for AI systems and their outcomes
   • BTo guarantee that AI systems are free from bias
   • CTo eliminate the need for external audits of AI systems
   • DTo ensure that all AI systems are developed in-house
   Reveal Solution Discussion Select an answer first
6. 15foundation · easy

   What is the purpose of monitoring and reviewing AI accountability?

   • ATo regularly assess and improve the effectiveness of AI ownership and oversight
   • BTo assign blame for AI failures
   • CTo ensure that AI systems are never changed
   • DTo reduce the need for AI governance
   Reveal Solution Discussion Select an answer first