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Algorithm Integrity Matters: for Financial Services leaders, to enhance fairness and accuracy in data processing
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Article 19. Algorithmic System Reviews: Substantive vs. Controls Testing
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- 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.
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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).
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