GOVGOV-006 — Audit and Assurance Gaps
Inadequate Documentation Undermines AI Auditability
3/5Sector: OtherGeography: GlobalStage: DevelopIngested: —
Executive Summary
AI systems developed without comprehensive decision records cannot be independently audited or scrutinised by regulators. Organisations face legal exposure and reputational risk when they are unable to demonstrate accountability for system behaviour.
Domain
Governance & Compliance
Blindspots in accountability, regulatory compliance, ethics, risk management, data governance, and audit.
Source
MIT AI Risk Repository — AI Hazard Management: A Framework for the Systematic Management of Root Causes for AI Risks (Schnitzer2024) ↗https://airisk.mit.edu/
Could this happen in your organisation?
A Velinor AI Audit maps your active AI portfolio against the 50+ blindspots and benchmarks against documented sector failures like this one. A board-ready foresight document in 5 weeks.