Prepare for the IAPP Artificial Intelligence Governance Professional exam with our extensive collection of questions and answers. These practice Q&A are updated according to the latest syllabus, providing you with the tools needed to review and test your knowledge.
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A Canadian company is developing an Al solution to evaluate candidates in the course of job interviews.
Before offering the Al solution in the EU market, the company must take all of the following steps EXCEPT?
Before offering an AI solution in the EU market, a Canadian company must take several steps to comply with the EU AI Act. These steps include establishing a risk and quality management system (B), engaging a third-party auditor to perform a bias audit (C), and drawing up technical documentation and instructions for use (D). However, there is no requirement to register the AI solution in a public EU database (A). This registration step is not specified as part of the compliance requirements under the EU AI Act for such solutions.
Which of the following is a subcategory of Al and machine learning that uses labeled datasets to train algorithms?
Supervised learning is a subcategory of AI and machine learning where labeled datasets are used to train algorithms. This process involves feeding the algorithm a dataset where the input-output pairs are known, allowing the algorithm to learn and make predictions or decisions based on new, unseen data. Reference: AIGP BODY OF KNOWLEDGE, which describes supervised learning as a model trained on labeled data (e.g., text recognition, detecting spam in emails).
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 t
Providing the loan applicants with information about the model capabilities and limitations would not directly support fairness testing by the compliance team. Fairness testing focuses on evaluating the model's decisions for biases and ensuring equitable treatment across different demographic groups, rather than informing applicants about the model.
The OECD's Ethical Al Governance Framework is a self-regulation model that proposes to prevent societal harms by?
The OECD's Ethical AI Governance Framework aims to ensure that AI development and deployment are carried out ethically while fostering innovation. The framework includes principles like transparency, accountability, and human rights protections to prevent societal harm. It does not focus solely on technical design or post-deployment monitoring (C), nor does it establish industry-specific requirements (B). While explainability is important, the primary goal is to balance innovation with ethical considerations (D).
CASE STUDY
Please use the following answer the next question:
XYZ Corp., a premier payroll services company that employs thousands of people globally, is embarking on a new hiring campaign and wants to implement policies and procedures to identify and retain the best talent. The new talent will help the company's product team expand its payroll offerings to companies in the healthcare and transportation sectors, including in Asia.
It has become time consuming and expensive for HR to review all resumes, and they are concerned that human reviewers might be susceptible to bias.
Address these concerns, the company is considering using a third-party Al tool to screen resumes and assist with hiring. They have been talking to several vendors about possibly obtaining a third-party Al-enabled hiring solution, as long as it would achieve its goals and comply with all applicable laws.
The organization has a large procurement team that is responsible for the contracting of technology solutions. One of the procurement team's goals is to reduce costs, and it often prefers lower-cost solutions. Others within the company are responsible for integrating and deploying technology solutions into the organization's operations in a responsible, cost-effective manner.
The organization is aware of the risks presented by Al hiring tools and wants to mitigate them. It also questions how best to organize and train its existing personnel to use the Al hiring tool responsibly. Their concerns are heightened by the fact that relevant laws vary across jurisdictions and continue to change.
Which of the following measures should XYZ adopt to best mitigate its risk of reputational harm from using the Al tool?
To mitigate the risk of reputational harm from using an AI hiring tool, XYZ Corp should rigorously test the AI tool both before and after deployment. Pre-deployment testing ensures the tool works correctly and does not introduce bias or other issues. Post-deployment testing ensures the tool continues to operate as intended and adapts to any changes in data or usage patterns. This approach helps to identify and address potential issues proactively, thereby reducing the risk of reputational harm. Ensuring the vendor assumes responsibility for damages (B) does not address the root cause of potential issues, selecting the most economical tool (C) may compromise quality, and continuing manual screening (D) defeats the purpose of using the AI tool.
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