Article 20. Algorithm Reviews: Public vs Private Reports

Spoken (by a human) version of this article.

• Public AI audit reports aren't universally required; they mainly apply to high-risk applications and/or specific jurisdictions.
• The push for transparency primarily concerns independent audits, not internal reviews.
• Prepare by implementing ethical AI practices and conducting regular reviews.

Note: High-risk AI systems in banking and insurance are subject to specific requirements

Links

• AI and algorithm audit guidelines vary widely and are not universally applicable. We discussed this in a previous article, outlining how the appropriateness of audit guidance depends on your circumstances.
• Audit vs Review: we explored this topic in depth in a previous article. 

About this podcast

A podcast for Financial Services leaders, where we discuss fairness and accuracy in the use of data, algorithms, and AI.

Hosted by Yusuf Moolla.
Produced by Risk Insights (riskinsights.com.au).