AAIA EXAM PREPARATION

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Question #1 (Topic: Demo Questions)

To confirm the fairness of AI model decisions, the BEST way to collect reliable evidence during an AI audit is by:

Analyzing system metadata.

Testing the model with a curated sample data set.

Interviewing developers.

Observing the system’s interactions with end users.

Correct Answer: B

Question #2 (Topic: Demo Questions)

Which of the following is the GREATEST risk associated with using AI in audit planning?

Increased planning costs

Scope creep

Incomplete data

Limited knowledge

Correct Answer: C

Question #3 (Topic: Demo Questions)

Which of the following is the GREATEST risk associated with using AI in audit planning?

Increased planning costs

Scope creep

Incomplete data

Limited knowledge

Correct Answer: C

Question #4 (Topic: Demo Questions)

During an audit of an investment organization's AI-powered software, an IS auditor identifies a potential security risk. What is the GREATEST risk associated with staff exfiltrating organizational data to a generative AI tool?

Data contamination due to biased AI model outputs

Unauthorized data disclosure

Potential business disruptions

Excessive reliance on AI-generated insights

Correct Answer: B

Question #5 (Topic: Demo Questions)

From a data appropriateness and bias perspective, which of the following should be of GREATEST concern when reviewing an AI model used in a credit scoring system?

The model incorporates the applicant's loan history to assess spending habits.

The model utilizes historical credit data to predict future credit behavior.

The model considers the applicant's income level as a key factor in the credit decision.

The model uses postal codes as a primary factor in determining creditworthiness.

Correct Answer: D

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