Exam (elaborations)

CCEP exam (Compliance) EXAM QUESTIONS AND DETAILED CORRECT ANSWERS | ALREADY PASSED A+

7 views 0 purchase

Course
CERTIFIED COMPLIANCE AND ETHICS PROFESSIONAL (CCEP

Institution
CERTIFIED COMPLIANCE AND ETHICS PROFESSIONAL (CCEP

CCEP exam (Compliance) EXAM QUESTIONS AND DETAILED CORRECT ANSWERS | ALREADY PASSED A+ CCEP exam (Compliance) EXAM QUESTIONS AND DETAILED CORRECT ANSWERS | ALREADY PASSED A+ CCEP exam (Compliance) EXAM QUESTIONS AND DETAILED CORRECT ANSWERS | ALREADY PASSED A+ CCEP exam (Compliance) EXAM QUEST...

[Show more]

Preview 2 out of 12 pages

View example

Uploaded on August 24, 2024
Number of pages 12
Written in 2024/2025
Type Exam (elaborations)
Contains Questions & answers

ccep exam compliance exam questions and detailed

Institution CERTIFIED COMPLIANCE AND ETHICS PROFESSIONAL (CCEP
Course CERTIFIED COMPLIANCE AND ETHICS PROFESSIONAL (CCEP

Wisdoms Member since 9 months 133 documents sold

195

$13.49

Added

Add to cart Add to wishlist

100% satisfaction guarantee
Immediately available after payment
Both online and in PDF
No strings attached

CCEP exam (Compliance) EXAM
QUESTIONS AND DETAILED CORRECT
ANSWERS | ALREADY PASSED A+

What \are \the \7 \elements \of \a \Compliance \Program? \- \correct \Answers \✔✔ \-1. \Standards \of \
Conduct/Policies \and \Procedures, \2. \Compliance \Officer \and \Compliance \Committee, \3. \
Education/Training, \4. \Monitoring/Auditing, \5. \Reporting \and \Investigating, \6. \Enforcement \and \
Discipline, \7. \Response \and \Prevention

A \CFO \discovers \the \CEO \is \using \company \funds \for \personal \expenses. \The \CFO \buried \this \
information \in \the \company's \financial \reports. \The \compliance \and \ethics \professional \learns \of \
the \situation \through \the \company's \hotline. \Which \of \the \following \should \be \the \compliance \
and \ethics \professional's \FIRST \response? \- \correct \Answers \✔✔ \-Investigate \to \verify \the \
allegation

Which \of \the \following \is \the \MOST \effective \way \a \compliance \and \ethics \professional \can \
evaluate \compliance \and \ethics \audit \findings? \- \correct \Answers \✔✔ \-Conduct \trend \analysis \
on \identified \risk \areas \and \benchmark \results \against \industry \standards

Which \of \the \following \BEST \describes \the \primary \role \of \people \of \a \compliance \and \ethics \
professional? \- \correct \Answers \✔✔ \-Promotes \a \culture \of \compliance \and \ethics \throughout \
the \organization

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 \Answers \✔✔ \-Conduct \a \
compliance \and \ethics \risk \assessment

An \employee \discloses \that \a \supervisor \has \been \verbally \abusive. \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... \- \correct \Answers \✔✔ \-Ask \counsel \to \prepare \the \
written \report

Which \of \the \following \is \the \BEST \outcome \of \a \compliance \and \ethics \program? \- \correct \
Answers \✔✔ \-Mitigating \risk

A \compliance \and \ethics \professional \receives \an \anonymous \complaint \that \an \employee \is \
receiving \gifts \from \a \vendor. \An \investigation \finds \the \employee \is \not \in \violation \of \the \
current \gift \policy \and \the \policy \has \not \been \reviewed \in \five \years. \Which \of \the \following \is \
the \compliance \and \ethics \professional's \MOST \appropriate \action? \- \correct \Answers \✔✔ \-
Benchmark \for \vendor \relation \best \practices

A \problem \was \found \in \a \routine \accounting \audit. \Corrective \action \was \taken \and \the \
policies \and \procedures \were \updated. \Which \of \the \following \is \the \next \step \in \the \audit \
process?

A) \Report \findings \to \the \board \of \directors

B) \Prepare \the \final \summary \and \storage \of \the \audit \results

C) \Review \the \process \after \a \period \of \time \to \determine \if \the \problem \is \resolved

D) \Conduct \a \risk \assessment \to \identify \other \possible \issues. \- \correct \Answers \✔✔ \-Review \
the \process \after \a \period \of \time \to \determine \if \the \problem \is \resolved.

What \is \the \first \step \in \the \audit \process? \- \correct \Answers \✔✔ \-Identify \a \problem

What \is \the \second \step \in \the \audit \process? \- \correct \Answers \✔✔ \-Take \corrective \action

What \is \the \third \step \in \the \audit \process? \- \correct \Answers \✔✔ \-Update \policies \& \
procedures

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller Wisdoms. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $13.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

81989 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling

Popular Universities in the United States

Popular books

Find notes and summaries for these qualifications

Exam (elaborations)

CCEP exam (Compliance) EXAM QUESTIONS AND DETAILED CORRECT ANSWERS | ALREADY PASSED A+

Document information

Subjects

Written for

Seller

Reviews received

Content preview