Auditability of an AI System: According to the first edition of the EU-U.S. terminology and taxonomy for artificial intelligence, the term “Auditability of an AI System” means:
Auditability refers to the ability of an AI system to undergo the assessment of the system’s algorithms, data, and design processes. This does not necessarily imply that information about business models and Intellectual Property related to the AI system must always be openly available. Ensuring traceability and logging mechanisms from the early design phase of the AI system can help enable the system’s auditability.
