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Certified Compliance and Ethics Professional (CCEP) Certification Study Resources Test Bank
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Certified Compliance and Ethics Professional (CCEP) Certification Study Resources Test Bank
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Certified Compliance andEthics Professional (CCEP)
Certification Study Resources
Test Bank
Denning Muriithi [Date] [Course title]
, Certified Compliance and Ethics Professional (CCEP) Certification Stu
Resources
1.Which of the following BEST describes the purpose of training based
upon risk assessment findings?
A.) Reducing the organization's legal exposure
B.) Educating employees on laws and regulations
C.) Educating the board on the compliance program
D.) Reducing the organization's insurance premiums Correct Ans: A.
Reducing the organi- zation's legal exposure
2.A compliance and ethics professional investigates a report of sexual
ha- rassment. The incident does not constitute sexual harassment, but
reveals the employee's misunderstandings of the harassment policy.
Which of the following should be the FIRST step in a corrective action
plan?
A.) Consult outside counsel
B.) Disclose the incident to the EEOC
C.) Provide education and training on the policy
D.) Survey employees' understanding of the policy Correct Ans: C.)
Provide education and training on the policy
3.Which of the following provides guidance for the development of a
compli- ance program?
A.) Sarbanes-Oxley Act
B.) Federal Sentencing Guidelines
C.) Security and Exchange Commission
D.) Office for Civil Rights Correct Ans: B.) Federal Sentencing Guidelines
4.Which of the following is the BEST outcome of a compliance and
ethics program?
A.) Mitigating risk
B.) Identifying risk
C.) Prioritizing risk
D.) Documenting risk Correct Ans: A.) Mitigating risk
5.Training on price-fixing is MOST important for which of the following staff?
A.) Management
B.) Sales
C.) Marketing
D.) Accounting Correct Ans: B.) Sales
, Certified Compliance and Ethics Professional (CCEP) Certification Stu
Resources
6.A compliance and ethics program should include Correct Ans:
1. An employee benefits handbook
2. Document retention guidelines
3. Policies regarding confidentiality
4. A statement about the organization's culture
A.) 1,2, and 3 only
B.) 1, 2, and 4 only
C.) 1, 3, and 4 only
D.) 2, 3, and 4 only Correct Ans: D.) 2, 3, and 4 only
7.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 Correct Ans: A.)
Conduct a com- pliance and ethics risk assessment
8.An employee discloses to counsel and the compliance and ethics profes-
sional that a supervisor has been verbally abusive. An investigation finds
that the same supervisor has also been sexually harassing several
employees in his department. The compliance program requires that
findings of harassment be documented and forwarded by the compliance
and ethics professional to the CEO with a recommendation for appropriate
discipline. Counsel advises that no report be written because of possible
litigation. The compliance and ethics professional's BEST course of action
is to Correct Ans:
A.) Follow counsel's advice
B.) Submit a written report
C.) Ask counsel to prepare the written report
, Certified Compliance and Ethics Professional (CCEP) Certification Stu
Resources
D.) Recommend disciplinary action against counsel Correct Ans: C.) Ask
counsel to prepare
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