Compliance and
Oversight

AI Governance — Module 4 of 4

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Learning objectives

“As a compliance professional, I want to map regulatory requirements, configure dashboards, and generate audit evidence using ​ValidMind.”


This fourth module is part of a four-part series:

AI Governance

Module 4 — Contents

  1. Regulatory mapping
  2. Dashboards and reporting
  3. Audit evidence
  4. Ongoing compliance

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Regulatory mapping

Understanding requirements

Key AI governance regulations include:

Regulation Jurisdiction Focus
EU AI Act European Union Risk-based AI regulation
SR 11-7 United States Model risk management
SS1/23 United Kingdom MRM principles
E-23 Canada Enterprise-wide MRM

Mapping to ​ValidMind

Each regulation maps to platform capabilities:

  • Inventory — Registration and classification requirements
  • Documentation — Technical documentation articles
  • Workflows — Approval and oversight processes
  • Monitoring — Ongoing compliance requirements

Implementation guides

​ValidMind provides implementation guides for:

Dashboards and reporting

Governance dashboards

Dashboards provide visibility into:

  • AI system portfolio overview
  • Risk distribution across tiers
  • Workflow status and bottlenecks
  • Compliance metrics

Configuring dashboards

In ​ValidMind:

  1. Navigate to Analytics
  2. Select or create dashboard views
  3. Configure widgets for key metrics
  4. Set up automatic refresh and sharing

Reporting

Generate reports for:

  • Board and executive oversight
  • Regulatory submissions
  • Internal audit
  • Compliance monitoring

Audit evidence

Types of audit evidence

​ValidMind automatically captures:

Evidence type Description
Registration records AI system registration and updates
Approval history Who approved what, when
Documentation Technical and governance documentation
Change history All modifications with timestamps

Generating evidence

To prepare for audits:

  1. Export documentation and reports
  2. Generate activity logs
  3. Produce compliance summaries
  4. Package evidence for auditors

Maintaining audit readiness

Best practices:

  • Keep documentation current
  • Complete workflows promptly
  • Document decisions and rationale
  • Perform periodic self-assessments

Ongoing compliance

Continuous monitoring

Ongoing compliance requires:

  • Regular review of AI systems
  • Performance monitoring
  • Change tracking
  • Issue management

Periodic reviews

Configure periodic reviews:

  1. Set review frequencies by risk tier
  2. Assign reviewers
  3. Track completion
  4. Document review outcomes

Staying current

AI regulations evolve. Stay current by:

  • Monitoring regulatory updates
  • Updating classification criteria
  • Revising documentation templates
  • Training staff on changes

Course completion

Congratulations on completing AI Governance!

You have learned:

  • AI governance concepts and terminology
  • How to manage AI use cases
  • Workflow configuration for governance
  • Compliance and oversight practices

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