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Certified Compliance and Ethics Professional (CCEP)
Certification 250 QUESTIONS AND WELL EXPLAINED
SOLUTIONS LATEST UPDATE JUST RELEASED THIS
YEAR
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
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
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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
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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
C.) Employee champion
D.) Enforcement authority
B.) Ethical conscience
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
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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
Certified Compliance and Ethics Professional (CCEP)
Certification 250 QUESTIONS AND WELL EXPLAINED
SOLUTIONS LATEST UPDATE JUST RELEASED THIS
YEAR
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
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
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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
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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
C.) Employee champion
D.) Enforcement authority
B.) Ethical conscience
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
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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
