An AI audit program is being developed for a large bank. Which sequ…

Question

An AI audit program is being developed for a large bank. Which sequence of activities represents the CORRECT logical order for conducting an AI model audit?

Accepted Answer

Define audit scope and objectives, assess risk tier, review documentation and validation records, test model performance, evaluate controls, report findings — Here's the deal — b is correct because a structured AI audit follows: scope definition (establish what is being audited and why), risk tier assessment (calibrate depth of testing), documentation and validation record review (establish baseline), performance testing (validate claims against evidence), control evaluation (assess governance and operational controls), and reporting. Starting with performance testing (A) or reporting (C) without scope and documentation review is inefficient and may miss key risks.

Answer

Test model performance, review documentation, assess risk tier, report findings

Answer

Report findings, then test model performance, then define scope based on what was found

Answer

Assess controls, define scope, review documentation, test performance, assign risk tier

An AI audit program is being developed for a large bank. Which sequence of activities represents the CORRECT logical order for conducting an AI model audit?

Short Explanation and Infographic

Full Explanation