CCEP Exam (Compliance) Study Guide |130 Questions with complete solutions | 2024/2025

What are the 7 elements of a Compliance Program? ️ 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? ️ 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? ️ 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? ️ 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 ️ Conduct a compliance and ethics risk assessment CCEP Exam (Compliance) Study Guide |130 Questions with complete solutions | 2024/2025