How our Audit works
Pre Audit Scoping
BABL AI walks your team through a series of questions to determine where you currently stand. We then inform your team what documentation is needed for our audit process, and help you understand everything for compliance, including how to test the various selection rates and impact ratios of protected categories as required by the law. NO SOFTWARE DOWNLOADED OR PLATFORM INTEGRATIONS REQUIRED!
Fieldwork
Once all your documentary evidence has been submitted for evaluation, our well trained certified auditors review your documentation against our criteria. During this review process, BABL AI auditors might ask for more supporting documentation or interact with your internal and external stakeholders, such as employees or other third-parties, to verify the truth of statements made in the submitted documentation. At the end of the audit review, the auditors reach an overall audit opinion that determines the result of the audit.
Final Report
Once an opinion is determined, BABL AI will draft a public summary report for each Algorithm, if mandated by the regulatory body, and present the final report to your team.
FAQs
Why should I get an Algorithmic Audit?
In addition to ensuring compliance with emerging regulations such as New York City Local Law 144, an algorithmic audit serves as a powerful tool for reassuring your stakeholders that your algorithms undergo vigilant bias monitoring and testing. This proactive approach helps mitigate potential risks posed by your systems while significantly enhancing transparency, ultimately fostering greater trust in your AI systems.
What information is disclosed on the audit public summary?
We transparently provide all legally required information, along with essential context to comprehend the audit opinion and summary of results. Furthermore, we openly disclose our audit criteria and methodology, offering maximal transparency while safeguarding the intellectual property of the audited organization.
How long does the audit process take?
On average our audits take between 2-3 weeks to complete after all relevant documentation has been submitted. This timeframe can vary depending on many circumstances like readiness and resubmission of unsatisfactory documentation, but BABL AI will help you at every stage to ensure an easy process.
Can you do multiple audits at the same time?
Absolutely! Our audit process is highly adaptable to cater to your unique compliance and assurance requirements. Feel free to get in touch with us and have a conversation with one of our expert auditors to discover the full spectrum of solutions BABL AI can offer.
Reach out to us today for a free consultation!