AIGP Study Guide
Module 8: AI Governance Vocabulary

Governance, assurance and oversight

The accountability vocabulary - who answers, who checks, who can challenge. Conformity assessment is the EU AI Act gate for high-risk systems before market, and explainability (why an output) is distinct from interpretability (how the model works inside).

This is the accountability vocabulary: who answers, who checks, who can challenge. AI governance is the rules, policies, processes and accountability structures steering responsible AI across its whole life cycle, and Accountability - people and orgs answerable for a system's functioning and impacts - is its anchor.

  • AI assurance → the measurable mechanisms (evaluations, audits, certifications, documentation) that demonstrate trustworthiness and compliance.
  • AI audit → an independent, systematic review of a system or its governance against defined criteria.
  • Oversight → the supervision arrangements, human or institutional, that monitor, review and can intervene.
  • Transparency → making information available to stakeholders: a system's existence, capabilities, data, logic and limits.
  • Contestability → people's ability to challenge an AI-influenced decision and obtain review or redress.
  • Impact assessment → a risk tool assessing benefits, risks and limitations throughout the life cycle.
  • Human in the loop (HITL) → keeping a human in the decision path to review, confirm or override.
  • Human-centric AI (designed around human needs and dignity) and Trustworthy AI (lawful, ethical and robust) frame the values.
Conformity assessment = EU AI Act gate

Conformity assessment is the process demonstrating a system meets specified legal or standards requirements - and specifically the EU AI Act's gate for high-risk systems before they reach market. Don't confuse it with an audit (independent review) or impact assessment (risk tool).

Explainability vs interpretability

Explainability → describing in plain terms why a model produced a particular output. Interpretabilityhow the model works inside, consistently and predictably. Explainability is the why this output; interpretability is the how it works.

Key terms - quick answers

What is “AI governance”?
Rules, policies, processes and accountability structures steering responsible AI across its life cycle.
What is “Accountability”?
Identified people/orgs answerable for an AI system's functioning and impacts; anchor of governance.
What is “AI assurance”?
Measurable mechanisms demonstrating a system is trustworthy and compliant (evals, audits, certs, docs).
What is “AI audit”?
Independent, systematic review of an AI system or its governance against defined criteria.