CCEP COMPLIANCE AND ETHICS
PROFESSIONAL ESSENTIAL STUDY QUESTIONS
AND ANSWERS
◉ An employee discloses that a supervisor has been verbally
abusive. 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...
Answer: Ask counsel to prepare the written report
◉ Which of the following is the BEST outcome of a compliance and
ethics program?
Answer: Mitigating risk
◉ A compliance and ethics professional receives an anonymous
complaint that an employee is receiving gifts from a vendor. An
investigation finds the employee is not in violation of the current gift
policy and the policy has not been reviewed in five years. Which of
the following is the compliance and ethics professional's MOST
appropriate action?
Answer: Benchmark for vendor relation best practices
,◉ A problem was found in a routine accounting audit. Corrective
action was taken and the policies and procedures were updated.
Which of the following is the next step in the audit process?
A) Report findings to the board of directors
B) Prepare the final summary and storage of the audit results
C) Review the process after a period of time to determine if the
problem is resolved
D) Conduct a risk assessment to identify other possible issues.
Answer: Review the process after a period of time to determine if
the problem is resolved.
◉ What is the first step in the audit process?
Answer: Identify a problem
◉ What is the second step in the audit process?
Answer: Take corrective action
◉ What is the third step in the audit process?
Answer: Update policies & procedures
◉ What is the fourth step in the audit process?
Answer: Communicate changes(s) to affected parties
, ◉ What is the last step in the audit process?
Answer: Review process and documentation after a period of time to
ensure success.
◉ If in the course of their work, CEPs become aware of any decision
by their employing organization which, if implemented, would
constitute misconduct, the professional shall:
(A) refuse to consent to the decision
(B) escalate the matter, including the highest governing body, as
appropriate
(C) if serious issues remain unresolved after exercising "a" and "b",
consider resignation; and
(D) report the decision to public officials when required by law
Answer: Principle 1 - Obligations to the Public (SCCE Code of
Professional Ethics)
◉ The CEPs ethical duty under this rule complements the duty of
senior management and the highest governing body to assure
themselves "that information and reporting systems exist in the
organization that are reasonably designed to provide to senior
management and to the board, each within its scope, to reach
informed judgments concerning both the corporation's compliance
with law and it's business performance."
PROFESSIONAL ESSENTIAL STUDY QUESTIONS
AND ANSWERS
◉ An employee discloses that a supervisor has been verbally
abusive. 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...
Answer: Ask counsel to prepare the written report
◉ Which of the following is the BEST outcome of a compliance and
ethics program?
Answer: Mitigating risk
◉ A compliance and ethics professional receives an anonymous
complaint that an employee is receiving gifts from a vendor. An
investigation finds the employee is not in violation of the current gift
policy and the policy has not been reviewed in five years. Which of
the following is the compliance and ethics professional's MOST
appropriate action?
Answer: Benchmark for vendor relation best practices
,◉ A problem was found in a routine accounting audit. Corrective
action was taken and the policies and procedures were updated.
Which of the following is the next step in the audit process?
A) Report findings to the board of directors
B) Prepare the final summary and storage of the audit results
C) Review the process after a period of time to determine if the
problem is resolved
D) Conduct a risk assessment to identify other possible issues.
Answer: Review the process after a period of time to determine if
the problem is resolved.
◉ What is the first step in the audit process?
Answer: Identify a problem
◉ What is the second step in the audit process?
Answer: Take corrective action
◉ What is the third step in the audit process?
Answer: Update policies & procedures
◉ What is the fourth step in the audit process?
Answer: Communicate changes(s) to affected parties
, ◉ What is the last step in the audit process?
Answer: Review process and documentation after a period of time to
ensure success.
◉ If in the course of their work, CEPs become aware of any decision
by their employing organization which, if implemented, would
constitute misconduct, the professional shall:
(A) refuse to consent to the decision
(B) escalate the matter, including the highest governing body, as
appropriate
(C) if serious issues remain unresolved after exercising "a" and "b",
consider resignation; and
(D) report the decision to public officials when required by law
Answer: Principle 1 - Obligations to the Public (SCCE Code of
Professional Ethics)
◉ The CEPs ethical duty under this rule complements the duty of
senior management and the highest governing body to assure
themselves "that information and reporting systems exist in the
organization that are reasonably designed to provide to senior
management and to the board, each within its scope, to reach
informed judgments concerning both the corporation's compliance
with law and it's business performance."
