AAIA practice questions 11–20

1. Question 11 · 124 in bank

   Which of the following is MOST important for an IS auditor to review during an AI system audit in order to determine compliance with intellectual property and data rights?

   • AData performance metrics
   • BUse of open-source intellectual property
   • CModel runtime efficiency logs
   • DData usage agreements

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   Answer: D

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2. Question 12 · 124 in bank

   In order to streamline operations, a bank has deployed an AI application to automatically detect and prevent further fraud on accounts. However, customers have voiced concerns that their usual transactions are being rejected. Which of the following is the MOST likely cause of the false positives?

   • AConsent is not properly managed.
   • BCompute scale training was not performed.
   • CThe hyperparameters are not optimized.
   • DData versioning controls were not developed.

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   Answer: C

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3. Question 13 · 124 in bank

   Which of the following is the PRIMARY objective of AI governance?

   • AImplementing compliance and ethics controls for AI initiatives
   • BPromoting a positive return on investment (ROI) from AI projects
   • CDefining clear roles and responsibilities for AI development, use, and oversight
   • DEnsuring controls over AI are designed well and operate effectively

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   Answer: C

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4. Question 14 · 124 in bank

   Which of the following is the PRIMARY reason IS auditors must be aware that generative AI may return different investment recommendations from the same set of data?

   • ANeural node access varies each time the process is executed.
   • BServers are reconfigured periodically.
   • CLimitations can arise in the quantification of risk profiles.
   • DComputational logic is based on probabilities.

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   Answer: D

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5. Question 15 · 124 in bank

   A healthcare organization uses patient data to train an AI model for early disease detection. Which of the following practices provides the BEST assurance that personal data is secure and its integrity is maintained?

   • AImplementing strict data access controls and conducting security tests
   • BEncrypting stored data to reduce exposure and log access
   • CUpdating the AI model with new data and tracking changes
   • DAnonymizing patient data and performing regular quality checks

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   Answer: D

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6. Question 16 · 124 in bank

   Which of the following strategies used by modelers to enhance data accuracy has the GREATEST risk of bias and information loss?

   • AFilling blank attributes in records with the mean, median, or mode within a grouping
   • BPlacing numerical data into bins or buckets for a manageable quantity of correlations and result analyses
   • CSeparating multiple data attributes within one field into individual attribute columns
   • DIdentifying and deleting duplicate entries in the data set

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   Answer: B

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7. Question 17 · 124 in bank

   For a sales promotion, an AI system sorts customer attributes into several categories by analyzing transaction history. Verifying which of the following would BEST validate the effectiveness of this process?

   • AStress tests are regularly conducted to maintain consistent AI performance.
   • BThe applied methodology adequately reflects business objectives.
   • CSensitive attributes are converted to other data types prior to input.
   • DSampling of AI output is conducted to identify unusual decisions.

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   Answer: B

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8. Question 18 · 124 in bank

   An organization deploys an AI recruitment platform to screen job applicants. The IS auditor identifies that the platform’s decisions may be influenced by model bias. Which of the following risk mitigation strategies is BEST for the auditor to recommend?

   • AImplement a process to periodically test the AI system for biases and adjust parameters as needed.
   • BSuspend the use of the AI system until the training data can be verified for fairness and compliance.
   • CRequire manual reviews of all AI-generated recruitment decisions before hiring is finalized.
   • DRetrain the AI model using an external data set certified for inclusivity and fairness.

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   Answer: A

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9. Question 19 · 124 in bank

   Which of the following is MOST important to consider when deciding whether to implement an AI solution?

   • AThe space required for AI hardware
   • BThe cost of AI implementation
   • CThe speed of AI implementation
   • DThe ethical implications of AI

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   Answer: D

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10. Question 20 · 124 in bank

    Which of the following is the PRIMARY purpose of an AI acceptable use policy?

    • AEstablishing guidance on the ethical use of AI
    • BExplaining the distinction between different types of AI
    • COutlining AI usage monitoring procedures
    • DEducating employees on where to find and how to use AI tools

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    Answer: A

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AAIA practice, question 11. 124 questions available.