CERTIFIED COMPLIANCE AND ETHICS
PROFESSIONAL(CCEP)CERTIFICATION ,PRACTICE EXAM AND
STUDYGUIDE LATEST 2024 QUESTIONS AND CORRECT VERIFIED
ANSWERS|GRADED A+
A company's Code of Conduct has not been reviewed for over 2 years. HR
recommended adding content that would double its size. The compliance
committee members expressed concern that adding a significant amount of
content could negatively impact its effectiveness. Which of the following is the
compliance and ethics professional's NEXT step before consolidating revisions?
A.) Request guidance from the board of directors
B.) Contract with a consultant to rewrite the Code of Conduct
C.) Compare the content outline with other organizations
D.) Rewrite the content based on Federal Sentencing Guidelines
C.) Compare the content outline with other organizations
Benchmarking
Which of the following is the MOST convincing demonstration of the
effectiveness of a company's ethical standards?
A.) Implementation of an anonymous reporting and feedback system
B.) Termination of an executive who embezzled a small amount of money
C.) Suspension of an employee who failed to complete compliance training
D.) Production of the organization's professional printed Code of Conduct
,B.) Termination of an executive who embezzled a small amount of money
A compliance and ethics professional has developed a policy intended to
prohibit employees from paying, offering, or promising to pay officials of other
countries for the purpose of obtaining or maintaining business. This policy will
help the organization comply with the:
A.) Sherman Act
B.) USA Patriot Act
C.) Anti-Money Laundering Act
D.) Foreign Corrupt Practices Act
D.) Foreign Corrupt Practices Act
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
A. Reducing the organization's legal exposure
A compliance and ethics professional investigates a report of sexual
harassment. 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
C.) Provide education and training on the policy
Which of the following provides guidance for the development of a compliance
program?
A.) Sarbanes-Oxley Act
B.) Federal Sentencing Guidelines
C.) Security and Exchange Commission
D.) Office for Civil Rights
B.) Federal Sentencing Guidelines
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
A.) Mitigating risk
, Training on price-fixing is MOST important for which of the following staff?
A.) Management
B.) Sales
C.) Marketing
D.) Accounting
B.) Sales
A compliance and ethics program should include:
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
D.) 2, 3, and 4 only
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
PROFESSIONAL(CCEP)CERTIFICATION ,PRACTICE EXAM AND
STUDYGUIDE LATEST 2024 QUESTIONS AND CORRECT VERIFIED
ANSWERS|GRADED A+
A company's Code of Conduct has not been reviewed for over 2 years. HR
recommended adding content that would double its size. The compliance
committee members expressed concern that adding a significant amount of
content could negatively impact its effectiveness. Which of the following is the
compliance and ethics professional's NEXT step before consolidating revisions?
A.) Request guidance from the board of directors
B.) Contract with a consultant to rewrite the Code of Conduct
C.) Compare the content outline with other organizations
D.) Rewrite the content based on Federal Sentencing Guidelines
C.) Compare the content outline with other organizations
Benchmarking
Which of the following is the MOST convincing demonstration of the
effectiveness of a company's ethical standards?
A.) Implementation of an anonymous reporting and feedback system
B.) Termination of an executive who embezzled a small amount of money
C.) Suspension of an employee who failed to complete compliance training
D.) Production of the organization's professional printed Code of Conduct
,B.) Termination of an executive who embezzled a small amount of money
A compliance and ethics professional has developed a policy intended to
prohibit employees from paying, offering, or promising to pay officials of other
countries for the purpose of obtaining or maintaining business. This policy will
help the organization comply with the:
A.) Sherman Act
B.) USA Patriot Act
C.) Anti-Money Laundering Act
D.) Foreign Corrupt Practices Act
D.) Foreign Corrupt Practices Act
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
A. Reducing the organization's legal exposure
A compliance and ethics professional investigates a report of sexual
harassment. 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
C.) Provide education and training on the policy
Which of the following provides guidance for the development of a compliance
program?
A.) Sarbanes-Oxley Act
B.) Federal Sentencing Guidelines
C.) Security and Exchange Commission
D.) Office for Civil Rights
B.) Federal Sentencing Guidelines
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
A.) Mitigating risk
, Training on price-fixing is MOST important for which of the following staff?
A.) Management
B.) Sales
C.) Marketing
D.) Accounting
B.) Sales
A compliance and ethics program should include:
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
D.) 2, 3, and 4 only
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
