Audit

Model Risk Assessment & Audit Template

Interactive, structured audit template to evaluate model risk across model description, data lineage, explainability, performance, access and operational controls, monitoring, remediation steps, and overall risk rating. Saves structured responses to support governance, audits, and regulatory needs.

Interactive Tool

Model Risk Assessment & Audit Template

This interactive audit helps teams assess model risk, document lifecycle controls, and record remediation actions. Complete each section with supporting notes and links to evidence. Use the Risk Rating to reflect overall materiality and the Audit Conclusion to record the recommended disposition. Submissions are saved for governance, review, and follow-up.

Official model name or registry ID
Version, date, or commit hash
Team, product manager, or model owner
Describe the purpose, decisions supported, expected users, and operating context
List upstream systems, datasets, sample sizes, and transformations applied
Does the team have documented lineage from source to training and serving data
Primary performance metrics, thresholds, baselines, and evaluation datasets
Summarize accuracy, calibration, drift tests, backtesting or production metrics
Select methods used; provide evidence in the notes
Paste summaries, links to dashboards, or other evidence
Describe who is affected, potential harms, and business consequences
Indicate if the model processes personal or sensitive data and how that risk is managed
Overall result of fairness testing
Who can modify, deploy, and access model outputs and logs? Describe permissions and approvals
CI/CD, testing, rollback, and incident response procedures
What metrics to monitor, thresholds, alert recipients, and cadence
Numeric threshold (e.g., drop in AUC or accuracy points) that triggers remediation
Concrete steps, owners, and target dates
Risks that remain and how they will be mitigated
1 = Low, 5 = Very High
1.0 10.0
Select the auditor's recommendation
Person completing this audit
YYYY-MM-DD or date of review
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