CCEP Compliance and Ethics Professional Exam Questions with
Answers
1. These Compliance and Ethics Policies and procedures must exist: Non-Re- taliation, Record
Management, Conflict of Interest, Privacy, Security, and Confiden- tiality
2. What are Compliance Officers required to do?: Maintain Compliance and Ethics polices and
procedures
3. When making decisions, C.O. need to....: Consult with appropriate subject matter
resources, HR, legal, finance
4. A main goal of compliance program:: Assure Alignment between organiza- tion's mission,
vision, values, and the code of conduct
5. A main goal of compliance program is...: to assure alignment of the compliance and ethics
strategic plan is consistent with overall business objectives.
6. A requirement for compliance program is...: to maintain a code of conduct
7. C.O. needs to ensure what?: Ensure organizational value statements reflect a committment to
a culture of integrity
8. What else does a CO ensure?: The policies and procedures address regulatory and legal
requirements.
9. Policies need to address what?: Interactions/relationships with third-parties, like vendors,
business partners, and competitors
10.What else is required in relation to third-parties?: That contractual agree- ments include
compliance and ethic standards.
,11.What documentation is required of a compliance plan?: That the program is documented, like
a compliance manual/outlined plan.
12.What else will a compliance program document in regards to risks?: That policies and
procedures around specific identified risk area are maintained.
13.What will a compliance program document in regards to governance poli- cies?: That the
governance policies for the compliance and ethics program are maintained.
14.Who does a Compliance Officer report to?: A board of directors, or audit committee
15.What does a compliance officer report and to whom?: Reports compliance and ethics activity
to the internal governing body, like a board of directors/audit committee
16.Who else does a compliance officer report to?: Gives reports of compliance and ethics activity
to the senior business leader, like the CEO or CFO
17.What does the CO coordinate inside the organization?: Coordinates the operational aspects
of the compliance program with management, like oversight committee and senior
managment.
18.Benchmarking: Collaborate with others internally and externally to institute best practices:
what are others doing in their program?
19.What is the CO responsible for in regards to goals of oversight commit- tee?: To ensure the
goals and objectives of the oversight committee are achieved.
20.What knowledge is needed?: Maintain knowledge of relevant laws and regu- lations
21.How is knowledge of relevant laws used?: Relevant laws and regulations are applied to the
needs of the organization.
22.CO assures what about the compliance program?: That it is credible and run with integrity.
23.What must a CO recognize?: Recognize the need for outside expertise.
, 24.What does the governing board need to understand?: Its responsibilities related to
compliance and ethics program and culture.
25.What does CO need to do in regards to Legal Counsel?: Make sure the role of counsel is
defined.
26.What does the CO manage?: Manages resources for the compliance and ethics program,
like finance and personnel resources.
27.What should the CO do in regards to the business?: The CO integrates the compliance and
ethics program into the business.
28.Annually the CO needs to....: Develop an Annual compliance and ethics work plan.
29.To manage risks, the CO....................ensures the organization has processes inn place
to manage identified risk areas, like conflicts of interest, privacy, anti-corruption, and anti-
bribery.
30.Compliance is responsible for...: Background checks and screenings are done: new hires,
substantial authority personnel, third parties, government lists.
31.The organization needs to have....: defined the authority of the compliance and ethics
professional.
32.Compliance training includes: disseminate relevant information on emerging risk areas.
33.Compliance and Ethics Information should be...: communicated throughout the organization.
34.Should Compliance Training be general or targeted?: Targeted per needs; risk specific,
orientation, remedial.
35.The CO needs to C&E Training: Evaluate the effectiveness of the
compliance and ethics training
Answers
1. These Compliance and Ethics Policies and procedures must exist: Non-Re- taliation, Record
Management, Conflict of Interest, Privacy, Security, and Confiden- tiality
2. What are Compliance Officers required to do?: Maintain Compliance and Ethics polices and
procedures
3. When making decisions, C.O. need to....: Consult with appropriate subject matter
resources, HR, legal, finance
4. A main goal of compliance program:: Assure Alignment between organiza- tion's mission,
vision, values, and the code of conduct
5. A main goal of compliance program is...: to assure alignment of the compliance and ethics
strategic plan is consistent with overall business objectives.
6. A requirement for compliance program is...: to maintain a code of conduct
7. C.O. needs to ensure what?: Ensure organizational value statements reflect a committment to
a culture of integrity
8. What else does a CO ensure?: The policies and procedures address regulatory and legal
requirements.
9. Policies need to address what?: Interactions/relationships with third-parties, like vendors,
business partners, and competitors
10.What else is required in relation to third-parties?: That contractual agree- ments include
compliance and ethic standards.
,11.What documentation is required of a compliance plan?: That the program is documented, like
a compliance manual/outlined plan.
12.What else will a compliance program document in regards to risks?: That policies and
procedures around specific identified risk area are maintained.
13.What will a compliance program document in regards to governance poli- cies?: That the
governance policies for the compliance and ethics program are maintained.
14.Who does a Compliance Officer report to?: A board of directors, or audit committee
15.What does a compliance officer report and to whom?: Reports compliance and ethics activity
to the internal governing body, like a board of directors/audit committee
16.Who else does a compliance officer report to?: Gives reports of compliance and ethics activity
to the senior business leader, like the CEO or CFO
17.What does the CO coordinate inside the organization?: Coordinates the operational aspects
of the compliance program with management, like oversight committee and senior
managment.
18.Benchmarking: Collaborate with others internally and externally to institute best practices:
what are others doing in their program?
19.What is the CO responsible for in regards to goals of oversight commit- tee?: To ensure the
goals and objectives of the oversight committee are achieved.
20.What knowledge is needed?: Maintain knowledge of relevant laws and regu- lations
21.How is knowledge of relevant laws used?: Relevant laws and regulations are applied to the
needs of the organization.
22.CO assures what about the compliance program?: That it is credible and run with integrity.
23.What must a CO recognize?: Recognize the need for outside expertise.
, 24.What does the governing board need to understand?: Its responsibilities related to
compliance and ethics program and culture.
25.What does CO need to do in regards to Legal Counsel?: Make sure the role of counsel is
defined.
26.What does the CO manage?: Manages resources for the compliance and ethics program,
like finance and personnel resources.
27.What should the CO do in regards to the business?: The CO integrates the compliance and
ethics program into the business.
28.Annually the CO needs to....: Develop an Annual compliance and ethics work plan.
29.To manage risks, the CO....................ensures the organization has processes inn place
to manage identified risk areas, like conflicts of interest, privacy, anti-corruption, and anti-
bribery.
30.Compliance is responsible for...: Background checks and screenings are done: new hires,
substantial authority personnel, third parties, government lists.
31.The organization needs to have....: defined the authority of the compliance and ethics
professional.
32.Compliance training includes: disseminate relevant information on emerging risk areas.
33.Compliance and Ethics Information should be...: communicated throughout the organization.
34.Should Compliance Training be general or targeted?: Targeted per needs; risk specific,
orientation, remedial.
35.The CO needs to C&E Training: Evaluate the effectiveness of the
compliance and ethics training
