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CCEP exam (Compliance) Questions and Answers (Latest Update 2025)
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CCEP exam (Compliance) Questions and Answers (Latest Update 2025)
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CCEP exam (Compliance) Questions andAnswers (Latest Update 2025)
What are the 7 elements of a Compliance Program? - Correct
Answer ✅ 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? - Correct Answer ✅
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? - Correct Answer ✅ Conduct
trend analysis on identified risk areas and benchmark results
against industry standards
,CCEP exam (Compliance) Questions and
Answers (Latest Update 2025)
Which of the following BEST describes the primary role of
people of a compliance and ethics professional? - Correct
Answer ✅ 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
,CCEP exam (Compliance) Questions and
Answers (Latest Update 2025)
D.) Distribute a compliance training packet to employees -
Correct Answer ✅ Conduct a compliance and ethics risk
assessment
An employee discloses that a supervisor has been verbally
abusive. 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
Answer ✅ Ask counsel to prepare the written report
Which of the following is the BEST outcome of a compliance
and ethics program? - Correct Answer ✅ Mitigating risk
A compliance and ethics professional receives an anonymous
complaint that an employee is receiving gifts from a vendor.
An investigation finds the employee is not in violation of the
current gift policy and the policy has not been reviewed in
, CCEP exam (Compliance) Questions and
Answers (Latest Update 2025)
five years. Which of the following is the compliance and
ethics professional's MOST appropriate action? - Correct
Answer ✅ Benchmark for vendor relation best practices
A problem was found in a routine accounting audit. Corrective
action was taken and the policies and procedures were
updated. Which of the following is the next step in the audit
process?
A) Report findings to the board of directors
B) Prepare the final summary and storage of the audit results
C) Review the process after a period of time to determine if
the problem is resolved
D) Conduct a risk assessment to identify other possible
issues. - Correct Answer ✅ Review the process after a
period of time to determine if the problem is resolved.
What is the first step in the audit process? - Correct Answer
✅ Identify a problem
What is the second step in the audit process? - Correct
Answer ✅ Take corrective action
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