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