Certified Compliance and Ethics Professional
(CCEP) Certification Study Resources/ Q&A.
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
C.) Educating the board on the compliance program
D.) Reducing the organization's insurance premiums - Answer: 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?
Page 1 of 26
,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 - Answer: C.) Provide education
and training on the policy
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 -
Answer: 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 - Answer: D.) Foreign Corrupt Practices Act
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, 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 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 - Answer: 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 - Answer: A.) Historical data
In which of the following would an employee's obligation to report misconduct
MOST likely be discussed?
A.) Job interview
Page 3 of 26
(CCEP) Certification Study Resources/ Q&A.
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
C.) Educating the board on the compliance program
D.) Reducing the organization's insurance premiums - Answer: 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?
Page 1 of 26
,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 - Answer: C.) Provide education
and training on the policy
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 -
Answer: 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 - Answer: D.) Foreign Corrupt Practices Act
Page 2 of 26
, 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 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 - Answer: 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 - Answer: A.) Historical data
In which of the following would an employee's obligation to report misconduct
MOST likely be discussed?
A.) Job interview
Page 3 of 26
