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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: AI Life Cycle Risk Management | - AI development, deployment, and monitoring risks - AI bias, drift, transparency, and control evaluation - AI model and data risk identification | |
| Topic 2: AI Risk Program Management | 42% | - AI governance communication and reporting - AI risk assessment and treatment strategies - Enterprise AI risk program design - AI risk monitoring and continuous improvement |
| Topic 3: AI Risk Governance and Framework Integration | 37% | - AI Organizational Processes and Alignment - AI Ownership, Oversight, and Accountability - AI Models, Frameworks, Strategies, and Use Cases |
1. An organization deploys an AI credit scoring model trained on historical financial data that underrepresents certain demographic groups. Which of the following is the risk practitioner's BEST recommendation to mitigate this risk?
A) Implement reporting for model drift and anomalous model decisions.
B) Notify stakeholders that the model may not always reflect standard loan approval thresholds.
C) Define specific inclusivity goals and expand data to a broader range of sources.
D) Use unsupervised learning to identify hidden or complex discriminatory patterns in the dataset.
2. An organization depends on multiple external suppliers for AI models and training datasets. Which of the following is MOST important to have in place in order to reduce supply chain risk?
A) Standard indemnity clauses in vendor contracts to assign liability responsibilities
B) Appointment of a vendor risk manager with AI expertise to serve as a single point of contact
C) Requirement for vendors to provide documentation of model training methods used
D) Verifiable end-to-end provenance and audit trails for externally sourced artifacts
3. Which of the following is the GREATEST organizational risk when AI performance alerts are not escalated to decision-makers for review and decisioning?
A) Excessive cost and resource allocation due to redundant mitigation activities
B) Business disruption due to delayed remediation of unstable AI behavior
C) Inadequate representation of AI operational risk in governance reporting
D) Loss of traceability from insufficient model decision logging
4. An organization has identified a moderate AI exposure from potential model inaccuracies that could affect internal reporting. The risk falls within the organization's defined tolerance. Which of the following is the BEST course of action?
A) Allocate more resources for additional human review cycles to identify accuracy and bias in model outputs.
B) Adjust the model temperature to its lowest possible value and conduct comprehensive retesting.
C) Take the system offline until the model has been retrained and produces more accurate outputs.
D) Accept the inherent risk and continue to monitor performance against organizational thresholds.
5. After which of the following events is it MOST important to update risk ratings?
A) Vulnerability patch deployment for an AI system
B) Discovery of discriminatory outputs from an AI system
C) Addition of new metrics tracked by automated monitoring
D) Creation of a new AI risk oversight committee
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: D | Question # 3 Answer: B | Question # 4 Answer: D | Question # 5 Answer: B |
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ISACA Advanced in AI Risk
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