CCEP Complete Compliance & Ethics Exams with detailed answers 2023

CCEP Complete Compliance & Ethics Exams with detailed answers 2023 Name the seven essential elements of compliance. 1. Written policies and procedures 2. Designated compliance officer and compliance committee 3. Effective training and education 4. Effective lines of communication 5. Internal monitoring and auditing 6. Enforcement and discipline 7. Corrective actions to detected problems What are the two types of compliance policies and procedures that should be developed by every organization? -Structural (framework) -Substantive (define applicable regulations) Who do most compliance officers report to? Board How many minimal hours of compliance education should be required for all employees? Minimum of one hour What two things must be documented and reported? Auditing and monitoring activities