Exam (elaborations)
CCEP Compliance and Ethics Professional Exam Questions and Answers 2024
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CCEP Compliance and Ethics Professional Exam
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CCEP Compliance and EthicsProfessional Exam
These Compliance and Ethics Policies and procedures must exist - answerNon-
Retaliation, Record Management, Conflict of Interest, Privacy, Security, and
Confidentiality
What are Compliance Officers required to do? - answerMaintain Compliance and Ethics
polices and procedures
When making decisions, C.O. need to.... - answerConsult with appropriate subject
matter resources, HR, legal, finance
A main goal of compliance program: - answerAssure Alignment between organization's
mission, vision, values, and the code of conduct
A main goal of compliance program is... - answerto assure alignment of the compliance
and ethics strategic plan is consistent with overall business objectives.
A requirement for compliance program is... - answerto maintain a code of conduct
C.O. needs to ensure what? - answerEnsure organizational value statements reflect a
committment to a culture of integrity
What else does a CO ensure? - answerThe policies and procedures address regulatory
and legal requirements.
Policies need to address what? - answerInteractions/relationships with third-parties, like
vendors, business partners, and competitors
What else is required in relation to third-parties? - answerThat contractual agreements
include compliance and ethic standards.
What documentation is required of a compliance plan? - answerThat the program is
documented, like a compliance manual/outlined plan.
What else will a compliance program document in regards to risks? - answerThat
policies and procedures around specific identified risk area are maintained.
, What will a compliance program document in regards to governance policies? -
answerThat the governance policies for the compliance and ethics program are
maintained.
Who does a Compliance Officer report to? - answerA board of directors, or audit
committee
What does a compliance officer report and to whom? - answerReports compliance and
ethics activity to the internal governing body, like a board of directors/audit committee
Who else does a compliance officer report to? - answerGives reports of compliance and
ethics activity to the senior business leader, like the CEO or CFO
What does the CO coordinate inside the organization? - answerCoordinates the
operational aspects of the compliance program with management, like oversight
committee and senior managment.
Benchmarking - answerCollaborate 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? - answerTo
ensure the goals and objectives of the oversight committee are achieved.
What knowledge is needed? - answerMaintain knowledge of relevant laws and
regulations
How is knowledge of relevant laws used? - answerRelevant laws and regulations are
applied to the needs of the organization.
CO assures what about the compliance program? - answerThat it is credible and run
with integrity.
What must a CO recognize? - answerRecognize the need for outside expertise.
What does the governing board need to understand? - answerIts responsibilities related
to compliance and ethics program and culture.
What does CO need to do in regards to Legal Counsel? - answerMake sure the role of
counsel is defined.
What does the CO manage? - answerManages resources for the compliance and ethics
program, like finance and personnel resources.
What should the CO do in regards to the business? - answerThe CO integrates the
compliance and ethics program into the business.
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