CHC EXAM GUIDE LATEST WITH UPDATED QUESTIONS AND ANSWERS (GRADED A+)
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Course
CHC
Institution
CHC
CHC EXAM GUIDE LATEST WITH UPDATED
QUESTIONS AND ANSWERS (GRADED A+)
List ongoing operations/operational expenses for a compliance
department: - ANSWER-* Hotline.
* Educational materials.
* Internet.
* Professional journals and newsletters.
* Consultants.
* Legal Counsel.
How can...
List ongoing operations/operational expenses for a compliance
department: - ANSWER-* Hotline.
* Educational materials.
* Internet.
* Professional journals and newsletters.
* Consultants.
* Legal Counsel.
How can you decrease compliance costs and improve efficiency?
- ANSWER-- Don't re-invent the wheel.
- Network with colleagues.
- Documentation should be: timely, accurate, and concise.
- Use all resources within the company.
- Familiarize yourself with industry risks.
- Build relationships and organizational buy-in.
The Annual Compliance Status Report is provided to:
,2|Page
The Annual Compliance Report is meant for and it should cover: -
ANSWER-- Governing Body and leadership.
- All staff. Covers mission and goals, provides benchmarking
data, and compliance success stories.
What's the difference between a Compliance Program v. Integrity
or Ethics Program? - ANSWER-Compliance Program - "following
rules and regulations."
Integrity or Ethics Program - "values and doing the right thing."
Define Compliance Program. - ANSWER-It is a system of:
- processes,
- policies and procedures, and
- controls
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developed to ensure compliance with all applicable rules,
regulations, contracts, and policies governing the actions of the
organization.
What is a Code of Conduct? - ANSWER-It demonstrates the
organization's overarching ETHICAL ATTITUDE and its
organization-wide emphasis on COMPLIANCE with all applicable
laws and regulations.
What is the purpose of the Code of Conduct? - ANSWER-1.
Presents overarching guidelines for employees to follow.
2. Confirms that employees comprehend what is required of them.
3. Provides process of proper reporting for non-compliance.
4. Puts standards into everyday practice.
5. Elevates corporate performance.
6. Confirms that the organization upholds and supports proper
compliance conduct.
The Code of Conduct should include: - ANSWER-1. Procedures
for handling questions about ethics or compliance.
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2. Chain of command.
3. Non-retaliation.
4. Hotline.
5. Resources - phone #'s/e-mails.
6. Summarize P&Ps.
7. Conflict of Interest.
8. Zero tolerance for fraud or abuse.
9. Accurate accounting systems.
10. Compliance w laws/regulations.
11. Consequences for wrongdoing/discipline.
12. Personal obligation to report.
13. Attestation statement.
Basic components of a Code of Condcut are: - ANSWER-1...
Letter from CEO or top executive.
2. Organizations' values.
3. Definition of the code (purposes and objectives).
4. Questions & Answers - to relevant situations.
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