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AI Risk Governance And Framework IntegrationhardMultiple ChoiceObjective-mapped

AAIR AI Risk Governance And Framework Integration Practice Question

An organization is integrating AI risk into its existing ISO 31000 framework. How should the 'Risk Assessment' process be modified to account for AI-specific 'black box' issues?

Answer choices

Why each option matters

Answer the question above first, then reveal the full breakdown to understand why each option is right or wrong.

Correct answer & explanation

Add a model explainability and interpretability assessment step to the process.

Inclusion of model explainability assessments is necessary to address the opacity inherent in deep learning models.

Answer analysis

Option-by-option breakdown

For each option: why learners choose it and why it is or isn't the right answer here.

  • Remove the risk identification step, as AI risks are too unpredictable.

    Why it's wrong here

    Risk identification is the foundation of the ISO 31000 framework.

  • Replace the qualitative assessment with a purely quantitative financial impact model.

    Why it's wrong here

    AI risk is often qualitative; financial models alone fail to capture ethical/reputational risks.

  • Add a model explainability and interpretability assessment step to the process.

    Why this is correct

    Explainability is a key AI risk control that ensures transparency in decision-making.

  • Delegate all risk assessments to the external software vendor.

    Why it's wrong here

    Delegating responsibility does not absolve the organization of its internal risk governance.

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Written and reviewed by Johnson Ajibi, MSc IT Security

Senior Network & Security Engineer · founder of Courseiva

Last reviewed August 2026 · checked against the official ISACA exam blueprint

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