Certified Compliance And Ethics Professional (CCEP)
Certification Study Resources – Questions & Answers
Which of the following BEST describes the purpose of training based upon
risk assessment findings?
A.) Reducing the organization's legal exposure
B.) Educating employees on laws and regulations
C.) Educating the board on the compliance program
D.) Reducing the organization's insurance premiums Correct Answer -
A. Reducing the organization's legal exposure
A compliance and ethics professional investigates a report of sexual
harassment. The incident does not constitute sexual harassment, but reveals
the employee's misunderstandings of the harassment policy. Which of the
following should be the FIRST step in a corrective action plan?
A.) Consult outside counsel
B.) Disclose the incident to the EEOC
C.) Provide education and training on the policy
D.) Survey employees' understanding of the policy Correct Answer -
C.) Provide education and training on the policy
Which of the following provides guidance for the development of a
compliance program?
A.) Sarbanes-Oxley Act
B.) Federal Sentencing Guidelines
C.) Security and Exchange Commission
D.) Office for Civil Rights Correct Answer - B.) Federal Sentencing
Guidelines
Which of the following is the BEST outcome of a compliance and ethics
program?
A.) Mitigating risk
B.) Identifying risk
C.) Prioritizing risk
,D.) Documenting risk Correct Answer - A.) Mitigating risk
Training on price-fixing is MOST important for which of the following staff?
A.) Management
B.) Sales
C.) Marketing
D.) Accounting Correct Answer - B.) Sales
A compliance and ethics program should include:
1. An employee benefits handbook
2. Document retention guidelines
3. Policies regarding confidentiality
4. A statement about the organization's culture
A.) 1,2, and 3 only
B.) 1, 2, and 4 only
C.) 1, 3, and 4 only
D.) 2, 3, and 4 only Correct Answer - D.) 2, 3, and 4 only
A US-based retail company has 250 stores in 30 states. Past compliance efforts
have included a silo-based approach with minimal oversight and the CEO
acting as the Compliance and Ethics Officer. One person in each state posted
compliance-related information sent from corporate, but there were no actual
educational sessions. Policies and procedures were developed by corporate
and reviewed 5 years ago. The organization has decided that a more dedicated
approach is needed and hires a Compliance and Ethics Officer. Which of the
following actions should the new Compliance and Ethics Officer take FIRST?
A.) Conduct a compliance and ethics risk assessment
B.) Review organization-wide compliance policies
C.) Perform a statistically valid compliance audit
D.) Distribute a compliance training packet to employees Correct Answer
- A.) Conduct a compliance and ethics risk assessment
An employee discloses to counsel and the compliance and ethics professional
that a supervisor has been verbally abusive. An investigation finds that the
same supervisor has also been sexually harassing several employees in his
, department. The compliance program requires that findings of harassment be
documented and forwarded by the compliance and ethics professional to the
CEO with a recommendation for appropriate discipline. Counsel advises that
no report be written because of possible litigation. The compliance and ethics
professional's BEST course of action is to:
A.) Follow counsel's advice
B.) Submit a written report
C.) Ask counsel to prepare the written report
D.) Recommend disciplinary action against counsel Correct Answer -
C.) Ask counsel to prepare the written report
Even though counsel advises to not submit a report Compliance can suggest
alternatives to ensure the compliance program is being followed. By asking
counsel to prepare the written report it is then protected by attorney-client
privilege and follows the compliance program.
A compliance and ethics professional is evaluating an organization's employee
handbook. A conflict exists between the Code of Conduct and the employee
handbook. HR is responsible for the employee handbook. The documents have
been approved by the board of directors. Which of the following actions
should the compliance and ethics professional take FIRST?
A.) Post revised documents on the organization's website
B.) Schedule a time during the next board meeting to present revised
documents
C.) Schedule a meeting with HR, general counsel, and the board to discuss the
issue
D.) Contact HR to determine if the inconsistencies between the documents can
be resolved Correct Answer - D.) Contact HR to determine if the
inconsistencies between the documents can be resolved
Escalate to the lowest level when possible
A company's Code of Conduct has not been reviewed for over 2 years. HR
recommended adding content that would double its size. The compliance
committee members expressed concern that adding a significant amount of
content could negatively impact its effectiveness. Which of the following is the
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