CCEP Compliance and Ethics
Professional Exam
These Compliance and Ethics Policies and procedures must exist
Non-Retaliation, Record Management, Conflict of Interest, Privacy, Security, and
Confidentiality
What are Compliance Officers required to do?
Maintain Compliance and Ethics polices and procedures
When making decisions, C.O. need to....
Consult with appropriate subject matter resources, HR, legal, finance
A main goal of compliance program:
Assure Alignment between organization's mission, vision, values, and the code of conduct
A main goal of compliance program is...
to assure alignment of the compliance and ethics strategic plan is consistent with overall
business objectives.
A requirement for compliance program is...
to maintain a code of conduct
C.O. needs to ensure what?
Ensure organizational value statements reflect a committment to a culture of integrity
What else does a CO ensure?
The policies and procedures address regulatory and legal requirements.
Policies need to address what?
Interactions/relationships with third-parties, like vendors, business partners, and competitors
What else is required in relation to third-parties?
That contractual agreements include compliance and ethic standards.
, What documentation is required of a compliance plan?
That the program is documented, like a compliance manual/outlined plan.
What else will a compliance program document in regards to risks?
That policies and procedures around specific identified risk area are maintained.
What will a compliance program document in regards to governance policies?
That the governance policies for the compliance and ethics program are maintained.
Who does a Compliance Officer report to?
A board of directors, or audit committee
What does a compliance officer report and to whom?
Reports compliance and ethics activity to the internal governing body, like a board of
directors/audit committee
Who else does a compliance officer report to?
Gives reports of compliance and ethics activity to the senior business leader, like the CEO or
CFO
What does the CO coordinate inside the organization?
Coordinates the operational aspects of the compliance program with management, like
oversight committee and senior managment.
Benchmarking
Collaborate with others internally and externally to institute best practices: what are others
doing in their program?
What is the CO responsible for in regards to goals of oversight committee?
To ensure the goals and objectives of the oversight committee are achieved.
What knowledge is needed?
Maintain knowledge of relevant laws and regulations
How is knowledge of relevant laws used?
Relevant laws and regulations are applied to the needs of the organization.
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