Spoken by a human version of this article.
- Knowing the basics of substantive testing vs. controls testing can help you determine if the review will meet your needs.
- Substantive testing directly identifies errors or unfairness, while controls testing evaluates governance effectiveness. The results/conclusions are different.
- Understanding these differences can also help you anticipate the extent of your team's involvement during the review process.
Links
This article details a (largely) substantive testing method for accuracy reviews.
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).
