CERTIFIED COMPLIANCE AND ETHICS PROFESSIONAL
(CCEP) CERTIFICATION EXAM, PRACTICE EXAM AND
STUDY GUIDE LATEST 2024 ACTUAL EXAM 70 QUESTIONS
AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS)
|ALREADY GRADED A+
A US-based retail company has 250 stores in 30 states. Past compliance efforts have included a silobased
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
D.) Distribute a compliance training packet to employees
A.) Conduct a compliance and ethics risk assessment
An employee discloses to counsel and the compliance and ethics professional that a supervisor has been
verbally abusive. An investigation finds that 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:
A.) Follow counsel's advice
B.) Submit a written report
C.) Ask counsel to prepare the written report
D.) Recommend disciplinary action against counsel
C.) Ask counsel to prepare the written report
Even though counsel advises to not submit a report Compliance can suggest alternatives to ensure the
compliance program is being followed. By asking counsel to prepare the written report it is then
protected by attorney-client privilege and follows the compliance program.
A compliance and ethics professional is evaluating an organization's employee handbook. A conflict exists
between the Code of Conduct and the employee handbook. HR is responsible for the employee
handbook. The documents have been approved by the board of directors. Which of the following actions
should the compliance and ethics professional take FIRST?
A.) Post revised documents on the organization's website
B.) Schedule a time during the next board meeting to present revised documents
C.) Schedule a meeting with HR, general counsel, and the board to discuss the issue
D.) Contact HR to determine if the inconsistencies between the documents can be resolved
,D.) Contact HR to determine if the inconsistencies between the documents can be resolved Escalate to
the lowest level when possible
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
C.) Foreign Corrupt Practices Act
A company receives a federal subpoena from the government requesting all of the company's
documents from 1990 to the present. The company's compliance and ethics professional has been asked
to respond to the subpoena and to advise the company's employees on their role in the process. Which
of the following should the company's compliance and ethics professional do FIRST?
A.) Obtain documents and determine which to release
B.) Consult with the company's general counsel
C.) Gather documents and turn them over to the government
D.) Notify all employees that all documents must be retained
, B.) Consult with the company's general counsel
Which of the following is MOST helpful in determining how a company prioritizes its risk?
A.) Historical data
B.) Policies and procedures
C.) Incentive program
D.) Market competition
A.) Historical data
In which of the following would an employee's obligation to report misconduct MOST likely be
discussed?
A.) Job interview
B.) Manager's meeting
C.) New employee orientation
D.) Audit committee meetings
C.) New employee orientation
According to the Sarbanes-Oxley Act, which of the following corporate employees can be employed by a
corporation's audit firm during the 1-year period preceding an audit?
A.) CEO
B.) Controller
C.) Chief Accounting Officer
D.) Compliance and Ethics Professional
D.) Compliance and Ethics Professional
Which of the following departments in a large drug manufacturing company is MOST likely to have the
highest risk of non-compliance?
A.) Transportation
B.) Customer service
D.) Compliance and Ethics Professional D.)
Repair and Maintenance
D.) Compliance and Ethics Professional
A compliance and ethics professional should be perceived as the company's:
A.) Legal resource
B.) Ethical conscience
(CCEP) CERTIFICATION EXAM, PRACTICE EXAM AND
STUDY GUIDE LATEST 2024 ACTUAL EXAM 70 QUESTIONS
AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS)
|ALREADY GRADED A+
A US-based retail company has 250 stores in 30 states. Past compliance efforts have included a silobased
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
D.) Distribute a compliance training packet to employees
A.) Conduct a compliance and ethics risk assessment
An employee discloses to counsel and the compliance and ethics professional that a supervisor has been
verbally abusive. An investigation finds that 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:
A.) Follow counsel's advice
B.) Submit a written report
C.) Ask counsel to prepare the written report
D.) Recommend disciplinary action against counsel
C.) Ask counsel to prepare the written report
Even though counsel advises to not submit a report Compliance can suggest alternatives to ensure the
compliance program is being followed. By asking counsel to prepare the written report it is then
protected by attorney-client privilege and follows the compliance program.
A compliance and ethics professional is evaluating an organization's employee handbook. A conflict exists
between the Code of Conduct and the employee handbook. HR is responsible for the employee
handbook. The documents have been approved by the board of directors. Which of the following actions
should the compliance and ethics professional take FIRST?
A.) Post revised documents on the organization's website
B.) Schedule a time during the next board meeting to present revised documents
C.) Schedule a meeting with HR, general counsel, and the board to discuss the issue
D.) Contact HR to determine if the inconsistencies between the documents can be resolved
,D.) Contact HR to determine if the inconsistencies between the documents can be resolved Escalate to
the lowest level when possible
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
C.) Foreign Corrupt Practices Act
A company receives a federal subpoena from the government requesting all of the company's
documents from 1990 to the present. The company's compliance and ethics professional has been asked
to respond to the subpoena and to advise the company's employees on their role in the process. Which
of the following should the company's compliance and ethics professional do FIRST?
A.) Obtain documents and determine which to release
B.) Consult with the company's general counsel
C.) Gather documents and turn them over to the government
D.) Notify all employees that all documents must be retained
, B.) Consult with the company's general counsel
Which of the following is MOST helpful in determining how a company prioritizes its risk?
A.) Historical data
B.) Policies and procedures
C.) Incentive program
D.) Market competition
A.) Historical data
In which of the following would an employee's obligation to report misconduct MOST likely be
discussed?
A.) Job interview
B.) Manager's meeting
C.) New employee orientation
D.) Audit committee meetings
C.) New employee orientation
According to the Sarbanes-Oxley Act, which of the following corporate employees can be employed by a
corporation's audit firm during the 1-year period preceding an audit?
A.) CEO
B.) Controller
C.) Chief Accounting Officer
D.) Compliance and Ethics Professional
D.) Compliance and Ethics Professional
Which of the following departments in a large drug manufacturing company is MOST likely to have the
highest risk of non-compliance?
A.) Transportation
B.) Customer service
D.) Compliance and Ethics Professional D.)
Repair and Maintenance
D.) Compliance and Ethics Professional
A compliance and ethics professional should be perceived as the company's:
A.) Legal resource
B.) Ethical conscience
