CCEP SET 4 QUESTIONS AND ANSWERS
WITH SOLUTIONS 2024
A C&E professional investigates a report of sexual harassment. The incident, not constitute SH, reveals
the employee's misunderstanding of the harassment policy? Which of following should be FIRST in the
corrective action plan?
A) Consult outside counsel
B) Disclose the incident to the EEOC
C) Provide education and training on the policy
D) Survey employee's understanding of the policy - ANSWER C) Provide education and training on the
policy
The BEST way to promote ethics and compliance standards to third-party vendors is to require:
A) contractual agreements
B) mandatory vendor credentialing
C) vendor code of conduct certifications
D) audit and monitoring - ANSWER C) vendor code of conduct certifications
Several news outlets have reported on multiple sexual harassment claims in an organization. An internal
investigation shows no channels for reporting were used. What should the C&E P do FIRST?
A) reinforce company values with employees
B) educate all employees on the responsibility to report violations
C) Conduct an internal investigation of the alleged violations in the press
D) Investigate who knew about the violations - ANSWER B) educate all employees on the responsibility
to report violations
A C&R P is evaluating an organization's employee HB. A conflict exists between the CoC and the
handbook. HR is responsible for the HB. Which of the following actions should the C&E P take first.
A) post revised documents on the organization's website
B) schedule time during the next board meeting to present revised documents
C) Schedule a meeting with HR, general counsel, and the board to discuss the issue
D) contact HR to determine if the inconsistencies between the documents can be resolved. - ANSWER
, A company's CoC has not been reviewed for 2 years. HR wants to double it. The compliance committee
members expressed concern that this will reduce it's effectiveness. What is the C&E P NEXT step before
consolidating revisions?
A) request guidance from the board of directors
B) contract with a consultant to rewrite the CoC
C) compare the content outline with other organizaions
D) rewrite the content based on Federal Sentencing Guidelines - ANSWER
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 a professional printed CoC - ANSWER B) termination of an executive who embezzled a
small amount of money
Which of the following is MOST helpful in determining how a company prioritizes it's risk?
A) historical data
B) policies and procedures
C) incentive programs
D) market competition - ANSWER A) historical data
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 the audit?
A) CEO
B) CFO
C) Chief Accounting Officer
D) C& E P - ANSWER SOX Section 206: Conflicts of Interest. The CEO, Controller, CFO, Chief Accounting
Officer or person in an equivalent position cannot have been employed by the company's audit firm
during the 1-year period proceeding the audit.
WITH SOLUTIONS 2024
A C&E professional investigates a report of sexual harassment. The incident, not constitute SH, reveals
the employee's misunderstanding of the harassment policy? Which of following should be FIRST in the
corrective action plan?
A) Consult outside counsel
B) Disclose the incident to the EEOC
C) Provide education and training on the policy
D) Survey employee's understanding of the policy - ANSWER C) Provide education and training on the
policy
The BEST way to promote ethics and compliance standards to third-party vendors is to require:
A) contractual agreements
B) mandatory vendor credentialing
C) vendor code of conduct certifications
D) audit and monitoring - ANSWER C) vendor code of conduct certifications
Several news outlets have reported on multiple sexual harassment claims in an organization. An internal
investigation shows no channels for reporting were used. What should the C&E P do FIRST?
A) reinforce company values with employees
B) educate all employees on the responsibility to report violations
C) Conduct an internal investigation of the alleged violations in the press
D) Investigate who knew about the violations - ANSWER B) educate all employees on the responsibility
to report violations
A C&R P is evaluating an organization's employee HB. A conflict exists between the CoC and the
handbook. HR is responsible for the HB. Which of the following actions should the C&E P take first.
A) post revised documents on the organization's website
B) schedule time during the next board meeting to present revised documents
C) Schedule a meeting with HR, general counsel, and the board to discuss the issue
D) contact HR to determine if the inconsistencies between the documents can be resolved. - ANSWER
, A company's CoC has not been reviewed for 2 years. HR wants to double it. The compliance committee
members expressed concern that this will reduce it's effectiveness. What is the C&E P NEXT step before
consolidating revisions?
A) request guidance from the board of directors
B) contract with a consultant to rewrite the CoC
C) compare the content outline with other organizaions
D) rewrite the content based on Federal Sentencing Guidelines - ANSWER
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 a professional printed CoC - ANSWER B) termination of an executive who embezzled a
small amount of money
Which of the following is MOST helpful in determining how a company prioritizes it's risk?
A) historical data
B) policies and procedures
C) incentive programs
D) market competition - ANSWER A) historical data
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 the audit?
A) CEO
B) CFO
C) Chief Accounting Officer
D) C& E P - ANSWER SOX Section 206: Conflicts of Interest. The CEO, Controller, CFO, Chief Accounting
Officer or person in an equivalent position cannot have been employed by the company's audit firm
during the 1-year period proceeding the audit.
