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IAPP AIGP Exam Syllabus Topics:
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IAPP Certified Artificial Intelligence Governance Professional Sample Questions (Q179-Q184):
NEW QUESTION # 179
In procuring an AI system from a vendor, which of the following would be important to include in a contract to enable proper oversight and auditing of the system?
- A. Liability for mistakes.
- B. Appropriate access to data and models.
- C. Ownership of data and outputs.
- D. Responsibility for improvements.
Answer: B
Explanation:
Ensuringoversight and auditabilityrequires that the organization hassufficient access to data, documentation, and model internalsor outputs necessary for evaluation.
From theAI Governance in Practice Report 2024:
"Access to technical documentation and system internals is essential to enable effective auditing, conformity checks, and accountability mechanisms." (p. 11, 34)
* Ais about liability, not auditability.
* Bmatters for IP rights, not oversight.
* Crelates to lifecycle responsibility but doesn't guarantee audit access.
NEW QUESTION # 180
Within an established AI governance infrastructure, what might be the most effective governance action to handle third-party AI systems deemed to be high-risk?
- A. Align organizational impact assessment activities with relevant regulatory or legal requirements.
- B. Re-evaluate the purchase of the third-party AI system deemed to be high-risk, and consider other vendors.
- C. Establish policies for handling third-party system failures that include consideration of redundancy mechanisms for vital third-party AI system.
- D. Delegate the power, resources and authorization among executive leadership to perform risk management to each appropriate level throughout the management chain.
Answer: A
Explanation:
Aligning impact assessment activities with regulatory and legal requirements ensures that high- risk third-party AI systems are evaluated rigorously and managed in compliance with relevant standards.
NEW QUESTION # 181
The best practice to manage third-party risk associated with AI systems is to create and implement policies that?
- A. Focus on the financial stability of third-party vendors as the primary criterion for risk assessment.
- B. Provide for an appropriate level of due diligence and ongoing monitoring based on the defined risk.
- C. Focus on the technical aspects of AI systems, such as data security, while ethical risks are addressed through suitable contracts.
- D. Require third-party AI systems to undergo a comprehensive audit by an external cybersecurity firm every six months.
Answer: B
Explanation:
Third-party risk management for AI systems should beproportional and risk-based, involvinginitial due diligenceandongoing monitoringthat reflects thelevel of risk posedby the third party's AI system.
From theAI Governance in Practice Report 2024:
"Third-party due diligence assessments to identify possible external risk and inform selection." (p. 11)
"Legal due diligence may include verification of the personal data's lawful collection by the data broker, review of contractual obligations..." (p. 19)
* Afocuses too narrowly on financial stability.
* Cis excessive and not scalable or aligned with best practices.
* Dinappropriately separates ethical and technical risks; both must be evaluated holistically.
NEW QUESTION # 182
ISO/IEC 22989 and 42001 can be valuable resources for AI Governance professionals in all of the following ways EXCEPT:
- A. Establishing terminology and describing concepts so that governance team members can communicate with diverse parties and stakeholders from around the world.
- B. Recommending key activities to assess and manage risk: test, evaluate, verify and validate (TEVV).
- C. Being applicable to organizations of any size and industry seeking to use AI responsibly and effectively in their design processes, information systems and controls.
- D. Addressing specific issues related to managing procurement processes with third parties that provide or develop AI systems for their organization.
Answer: D
Explanation:
ISO/IEC 22989 and 42001 provide foundational concepts, terminology, and governance guidance for AI systems, but they do not address the detailed, specific processes required for managing procurement with third-party AI providers.
NEW QUESTION # 183
CASE STUDY
Please use the following answer the next question:
ABC Corp, is a leading insurance provider offering a range of coverage options to individuals. ABC has decided to utilize artificial intelligence to streamline and improve its customer acquisition and underwriting process, including the accuracy and efficiency of pricing policies.
ABC has engaged a cloud provider to utilize and fine-tune its pre-trained, general purpose large language model ("LLM"). In particular, ABC intends to use its historical customer data-including applications, policies, and claims-and proprietary pricing and risk strategies to provide an initial qualification assessment of potential customers, which would then be routed a human underwriter for final review.
ABC and the cloud provider have completed training and testing the LLM, performed a readiness assessment, and made the decision to deploy the LLM into production. ABC has designated an internal compliance team to monitor the model during the first month, specifically to evaluate the accuracy, fairness, and reliability of its output. After the first month in production, ABC realizes that the LLM declines a higher percentage of women's loan applications due primarily to women historically receiving lower salaries than men.
Which of the following is the most important reason to train the underwriters on the model prior to deployment?
- A. Toapply their own judgment to the initial assessment.
- B. Toprovide a reminder of a right appeal.
- C. Tosolicit on-going feedback on model performance.
- D. Toensure they provide transparency applicants on the model.
Answer: A
Explanation:
Training underwriters on the model prior to deployment is crucial so they can apply their own judgment to the initial assessment. While AI models can streamline the process, human judgment is still essential to catch nuances that the model might miss or to account for any biases or errors in the model's decision-making process.
Reference: The AIGP Body of Knowledge emphasizes the importance of human oversight in AI systems, particularly in high-stakes areas such as underwriting and loan approvals. Human underwriters can provide a critical review and ensure that the model's assessments are accurate and fair, integrating their expertise and understanding of complex cases.
NEW QUESTION # 184
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