Certified Compliance and Ethics Professional
(CCEP) Certification Study Resources/ Q&A.
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 - Answer: 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?
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,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 - Answer: 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 - Answer: 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 - Answer: A.) Mitigating risk
Training on price-fixing is MOST important for which of the following staff?
A.) Management
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, B.) Sales
C.) Marketing
D.) Accounting - Answer: 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 - Answer: 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 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?
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(CCEP) Certification Study Resources/ Q&A.
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 - Answer: 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?
Page 1 of 26
,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 - Answer: 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 - Answer: 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 - Answer: A.) Mitigating risk
Training on price-fixing is MOST important for which of the following staff?
A.) Management
Page 2 of 26
, B.) Sales
C.) Marketing
D.) Accounting - Answer: 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 - Answer: 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 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?
Page 3 of 26
