CERTIFIED COMPLIANCE AND ETHICS
PROFESSIONAL (CCEP)
CERTIFICATION EXAM 2024-2025
QUESTIONS AND DETAILED CORRECT
ANSWERS | ALREADY PASSED A+
A compliance structural policy differs from a substantive
policy in that a structural policy should:
A.) Describe the risk areas to the organization
B.) Describe how to operate within the regulations
C.) Define the regulations that apply to the organization
D.) Define the framework the program should operate
within Correct Answer D.) Define the framework the
program should operate within
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. Correct Answer Review the process after a period
of time to determine if the problem is resolved.
,A compliance and ethics program should include:
1. An employee benefits handbook
2. Document retention guidelines
3. Policies regarding confidentiality
4. A statement about the organizations culture Correct
Answer 2, 3, and 4 only
Training on price-fixing is MOST important for which of the
following staff?
A.) Management
B.) Sales
C.) Marketing
D.) Accounting Correct Answer B.) Sales
A US-based retail company has 250 stores in 30 states.
Past compliance efforts have included a silo-based
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
Correct Answer Conduct a compliance and ethics risk
assessment
Under In re Caremark Int'l., the basic fiduciary duty of care
principle is characterized as acting in good faith with:
A.) Reasonable care of management under similar
circumstances
B.) Reasonable care of an organization under similar
circumstances
C.) The care of an ordinary prudent person under similar
circumstances
D.) The care of another compliance and ethics
professional under similar circumstances Correct Answer
C.) The care of an ordinary prudent person under similar
circumstances
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... Correct Answer Ask counsel to
prepare the written report
PROFESSIONAL (CCEP)
CERTIFICATION EXAM 2024-2025
QUESTIONS AND DETAILED CORRECT
ANSWERS | ALREADY PASSED A+
A compliance structural policy differs from a substantive
policy in that a structural policy should:
A.) Describe the risk areas to the organization
B.) Describe how to operate within the regulations
C.) Define the regulations that apply to the organization
D.) Define the framework the program should operate
within Correct Answer D.) Define the framework the
program should operate within
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. Correct Answer Review the process after a period
of time to determine if the problem is resolved.
,A compliance and ethics program should include:
1. An employee benefits handbook
2. Document retention guidelines
3. Policies regarding confidentiality
4. A statement about the organizations culture Correct
Answer 2, 3, and 4 only
Training on price-fixing is MOST important for which of the
following staff?
A.) Management
B.) Sales
C.) Marketing
D.) Accounting Correct Answer B.) Sales
A US-based retail company has 250 stores in 30 states.
Past compliance efforts have included a silo-based
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
Correct Answer Conduct a compliance and ethics risk
assessment
Under In re Caremark Int'l., the basic fiduciary duty of care
principle is characterized as acting in good faith with:
A.) Reasonable care of management under similar
circumstances
B.) Reasonable care of an organization under similar
circumstances
C.) The care of an ordinary prudent person under similar
circumstances
D.) The care of another compliance and ethics
professional under similar circumstances Correct Answer
C.) The care of an ordinary prudent person under similar
circumstances
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... Correct Answer Ask counsel to
prepare the written report
