What do explainability and auditability mean for AI governance?

What do explainability and auditability mean for AI governance?

Explainability means people can understand the basis for an AI-supported result to the degree needed for the use case. Auditability means relevant decisions, inputs, reviews and changes can be traced through appropriate records. What needs to be explained or recorded varies by system and context, so these requirements should be agreed during scoping rather than assumed to be available by default.