CERTIFIED COMPLIANCE AND ETHICS PROFESSIONAL (CCEP) CERTIFICATION EXAM , PRACTICE EXAM AND STUDY GUIDE LATEST 2024 ACTUAL EXAM 250 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+ CERTIFIED COMPLIANCE AND ETHICS PROFESSIONAL (CCEP) EXAM A compliance and ethics professional is evaluating an organization's employee handbook. A conflict exists between the Code of Conduct and the employee handbook. HR is responsible for the employee handbook. The documents have been approved by the board of d irectors. Which of the following actions should the compliance and ethics professional take FIRST? A.) Post revised documents on the organization's website B.) Schedule a time during the next board meeting to present revised documents C.) Schedule a meeting with HR, general counsel, and the board to discuss the issue D.) Contact HR to determine if the inconsistencies between the documents can be resolved - ANSWER - D.) Contact HR to determine if the inconsistencies between the documents can be resolved Escalate to the lowest level when possible A company's Code of Conduct has not been reviewed for over 2 years. HR recommended adding content that would double its size. The compliance committee members expressed concern that adding a significant amount of content could negatively impact its effecti veness. Which of the following is the compliance and ethics professional's NEXT step before consolidating revisions? A.) Request guidance from the board of directors B.) Contract with a consultant to rewrite the Code of Conduct C.) Compare the content outline with other organizations D.) Rewrite the content based on Federal Sentencing Guidelines - ANSWER - C.) Compare the content outline with other organizations Benchmarking Which of the following is the MOST convincing demonstration of the effectiveness of a company's ethical standards? A.) Implementation of an anonymous reporting and feedback system B.) Termination of an executive who embezzled a small amount of money C.) Suspension of an employee who failed to complete compliance training D.) Production of the organization's professional printed Code of Conduct - ANSWER - B.) Termination of an executive who embezzled a small amount of money A compliance and ethics professional has developed a policy intended to prohibit employees from paying, offering, or promising to pay officials of other countries for the purpose of obtaining or maintaining business. This policy will help the organization comply with the: A.) Sherman Act B.) USA Patriot Act C.) Anti -Money Laundering Act D.) Foreign Corrupt Practices Act - ANSWER - D.) Foreign Corrupt Practices Act A company receives a federal subpoena from the government requesting all of the company's documents from 1990 to the present. The company's compliance and ethics professional has been asked to respond to the subpoena and to advise the company's employees o n their role in the process. Which of the following should the company's compliance and ethics professional do FIRST? A.) Obtain documents and determine which to release B.) Consult with the company's general counsel C.) Gather documents and turn them over to the government D.) Notify all employees that all documents must be retained - ANSWER - B.) Consult with the company's general counsel Which of the following is MOST helpful in determining how a company prioritizes its risk? A.) Historical data B.) Policies and procedures C.) Incentive program D.) Market competition - ANSWER - A.) Historical data In which of the following would an employee's obligation to report misconduct MOST likely be discussed? A.) Job interview B.) Manager's meeting C.) New employee orientation D.) Audit committee meetings - ANSWER - C.) New employee orientation According to the Sarbanes -Oxley Act, which of the following corporate employees can be employed by a corporation's audit firm during the 1 -
year period preceding an audit? A.) CEO B.) Controller C.) Chief Accounting Officer
year period preceding an audit? A.) CEO B.) Controller C.) Chief Accounting Officer
