BANK| COMPLETE 650 REAL EXAM QUESTIONS AND
CORRECT DETAILED ANSWERS (VERIFIED ANSWERS)
GRADED A+| CPCO CERTIFICATION EXAM PREP 2026
(BRAND NEW!!)
1. A hospital is updating its compliance program. Which of the
following is the most critical first element according to the
OIG’s Seven Elements of an Effective Compliance Program?
A) Conducting internal monitoring and auditing
B) Enforcing disciplinary standards through well-publicized
guidelines
C) Implementing written policies, procedures, and standards
of conduct
D) Responding promptly to detected offenses and
developing corrective action
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,Correct Answer: C
Rationale: The OIG’s first element is implementing written policies,
procedures, and standards of conduct. This foundation guides all
other elements, including training, auditing, and enforcement.
Without written standards, employees lack clear expectations.
2. A compliance officer discovers that a billing manager has
knowingly submitted false claims to Medicare. According to
OIG guidance, what is the most appropriate immediate step?
A) Terminate the manager without further investigation
B) Self-disclose to the OIG and CMS within 60 days
C) Conduct a root cause analysis before reporting
D) Ignore if the amount is under $10,000
Correct Answer: B
Rationale: The OIG expects prompt response to detected
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,offenses. Voluntary self-disclosure can reduce penalties.
Termination may be necessary but reporting to authorities is the
priority under element six (responding to offenses).
3. Which of the following best describes the role of a
compliance committee?
A) To replace the compliance officer
B) To provide oversight, guidance, and multidisciplinary
input on compliance issues
C) To perform all internal audits
D) To approve all medical necessity determinations
Correct Answer: B
Rationale: The compliance committee typically includes leadership
from legal, finance, clinical, and audit functions to advise the
compliance officer and ensure organization-wide accountability.
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, It does not replace the compliance officer nor perform every
audit.
4. Under the OIG’s Compliance Program Guidance for
Hospitals, how often should compliance training be provided?
A) Once upon hire only
B) Annually at minimum, with targeted training for high-risk
areas
C) Every two years
D) Only after a violation occurs
Correct Answer: B
Rationale: OIG guidance emphasizes ongoing education—annual
general training plus specific training for areas like billing,
coding, and privacy. Upon-hire training is required but not
sufficient.
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