CCEP Compliance and Ethics Professional Exam Questions And Correct Answers
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Course
Ccep
Institution
Ccep
CCEP Compliance and Ethics Professional
Exam Questions And Correct Answers
These Compliance and Ethics Policies and procedures must exist
Non-Retaliation, Record Management, Conflict of Interest, Privacy, Security, and
Confidentiality
What are Compliance Officers required to do?
Maintain Comp...
CCEP Compliance and Ethics Professional
Exam Questions And Correct Answers
These Compliance and Ethics Policies and procedures must exist
Non-Retaliation, Record Management, Conflict of Interest, Privacy, Security, and
Confidentiality
What are Compliance Officers required to do?
Maintain Compliance and Ethics polices and procedures
When making decisions, C.O. need to....
Consult with appropriate subject matter resources, HR, legal, finance
A main goal of compliance program:
Assure Alignment between organization's mission, vision, values, and the code of conduct
A main goal of compliance program is...
to assure alignment of the compliance and ethics strategic plan is consistent with overall business
objectives.
A requirement for compliance program is...
to maintain a code of conduct
C.O. needs to ensure what?
Ensure organizational value statements reflect a committment to a culture of integrity
What else does a CO ensure?
The policies and procedures address regulatory and legal requirements.
Policies need to address what?
Interactions/relationships with third-parties, like vendors, business partners, and competitors
What else is required in relation to third-parties?
That contractual agreements include compliance and ethic standards.
What documentation is required of a compliance plan?
That the program is documented, like a compliance manual/outlined plan.
What else will a compliance program document in regards to risks?
That policies and procedures around specific identified risk area are maintained.
What will a compliance program document in regards to governance policies?
That the governance policies for the compliance and ethics program are maintained.
Who does a Compliance Officer report to?
A board of directors, or audit committee
What does a compliance officer report and to whom?
Reports compliance and ethics activity to the internal governing body, like a board of
directors/audit committee
Who else does a compliance officer report to?
Gives reports of compliance and ethics activity to the senior business leader, like the CEO or
CFO
What does the CO coordinate inside the organization?
Coordinates the operational aspects of the compliance program with management, like oversight
committee and senior managment.
Benchmarking
Collaborate 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?
To ensure the goals and objectives of the oversight committee are achieved.
What knowledge is needed?
Maintain knowledge of relevant laws and regulations
How is knowledge of relevant laws used?
Relevant laws and regulations are applied to the needs of the organization.
CO assures what about the compliance program?
That it is credible and run with integrity.
What must a CO recognize?
Recognize the need for outside expertise.
What does the governing board need to understand?
Its responsibilities related to compliance and ethics program and culture.
What does CO need to do in regards to Legal Counsel?
Make sure the role of counsel is defined.
What does the CO manage?
Manages resources for the compliance and ethics program, like finance and personnel resources.
What should the CO do in regards to the business?
The CO integrates the compliance and ethics program into the business.
Annually the CO needs to....
Develop an Annual compliance and ethics work plan.
To manage risks, the CO....
ensures the organization has processes inn place to manage identified risk areas, like conflicts of
interest, privacy, anti-corruption, and anti-bribery.
Compliance is responsible for...
Background checks and screenings are done: new hires, substantial authority personnel, third
parties, government lists.
The organization needs to have....
defined the authority of the compliance and ethics professional.
Compliance training includes
disseminate relevant information on emerging risk areas.
Compliance and Ethics Information should be...
communicated throughout the organization.
Should Compliance Training be general or targeted?
Targeted per needs; risk specific, orientation, remedial.
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