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Exam Code: ISO-IEC-42001-Foundation Vendor: GAICC Name: GAICC ISO/IEC 42001 Foundation 36 Q&A with Explanation Last Update: Oct 27, 2026
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ISO-IEC-42001-Foundation Q&A's Detail

Exam Code:
ISO-IEC-42001-Foundation
Total Questions:
36 Q&A's
Single Choice Questions:
36 Q&A's

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GAICC ISO/IEC 42001 Foundation Questions and Answers

Question 1

An auditor reviewing a small fintech ' s AIMS notes that the interested-parties register was created two years ago and has not been touched since, despite the firm entering two new markets and launching three new AI-enabled products. The compliance officer argues that Clause 4.2 is satisfied because a register exists. What is the BEST Foundation-level response?

Options:

A.

The compliance officer is correct: Clause 4.2 just requires the existence of a register, and updates to interested parties are an optional enhancement that the standard does not require.

B.

Clause 4.2 expects the register to be maintained current; when context, products, or markets change, the interested parties and their needs should be re-determined, not assumed.

C.

The interested-parties register is required just for the initial Stage 1 certification audit; once the certificate is issued, the register may be retired from the AIMS.

D.

Clause 4.2 obligations transfer to the certification body during surveillance audits, so the fintech is no longer required to maintain its own interested-parties register internally.

Question 2

A foundation workshop case describes a small financial-advisory firm that has just signed its AI policy. The compliance officer asks what the firm should do next to translate the policy into operational practice for a new portfolio-recommendation AI tool the firm is preparing to deploy. Which next step BEST reflects how ISO/IEC 42001 expects policy to connect to planning and operations for a specific AI system?

Options:

A.

Print and laminate the signed policy for display in the office reception area, then distribute copies to each adviser ' s desk so that the document is visible during client meetings held in the firm ' s premises across the next quarter.

B.

Re-sign the AI policy in front of staff at the next quarterly town-hall meeting to demonstrate leadership commitment, on the basis that visible re-signing reinforces the message conveyed by the original signature at policy adoption.

C.

Conduct an AI risk assessment under Clause 6.1.2 and an AI System Impact Assessment under Clause 6.1.4 for the portfolio-recommendation tool, then plan risk treatment with controls aligned to the policy ' s commitments.

D.

Defer further action until the firm has accumulated several months of live experience with the portfolio-recommendation tool, on the basis that risk and impact assessments are more accurate when informed by post-deployment operational data points.

Question 3

A government agency is establishing AIMS roles for its first ISO/IEC 42001 implementation. The chief information officer proposes that the AI Ethics Committee, made up of subject-matter experts drawn from across business units, owns AIMS performance reporting. The chief legal officer suggests the role sits with the procurement team because most AI tools are vendor-supplied. A foundation learner is asked what Clause 5.3 actually requires for the reporting-on-performance responsibility. Which response is BEST?

Options:

A.

Reporting on AIMS performance can rest with the AI Ethics Committee in its current advisory form, since cross-functional expertise is well placed to interpret AI risk and benefit signals across the agency ' s varied business areas and to provide nuanced commentary.

B.

Reporting on AIMS performance should sit with the procurement team, because vendor-supplied AI tools dominate the agency ' s portfolio and procurement holds the contractual levers needed to manage supplier obligations through purchase agreements.

C.

Reporting on AIMS performance should be split between the AI Ethics Committee and the procurement team on a shared-accountability basis, with each function presenting its segment of performance data to top management at separate review meetings each quarter.

D.

Top management must assign the responsibility and authority for reporting on the performance of the AIMS to a specific role or roles, and that assignment must be communicated within the organisation so the reporting line is unambiguous.

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