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1
CCEP EXAM (COMPLIANCE) QUESTIONS AND
CORRECT DETAILED ANSWERS 2025-2026
(VERIFIED ANSWERS) ||ALREADY GRADED
A+||NEWEST VERSION
What are the 7 elements of a Compliance Program? ANS: 1. Standards of Conduct/Policies
and Procedures, 2. Compliance Officer and Compliance Committee, 3. Education/Training, 4.
Monitoring/Auditing, 5. Reporting and Investigating, 6. Enforcement and Discipline, 7. Response and
Prevention
A CFO discovers the CEO is using company funds for personal expenses. The CFO buried this
information in the company's financial reports. The compliance and ethics professional learns of the
situation through the company's hotline. Which of the following should be the compliance and ethics
professional's FIRST response? ANS: Investigate to verify the allegation
Which of the following is the MOST effective way a compliance and ethics professional can evaluate
compliance and ethics audit findings? ANS: Conduct trend analysis on identified risk areas and
benchmark results against industry standards
Which of the following BEST describes the primary role of people of a compliance and ethics
professional? ANS: Promotes a culture of compliance and ethics throughout the organization
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
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2
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 ANS: Conduct a compliance and
ethics risk assessment
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... ANS: Ask counsel to prepare the written report
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3
Which of the following is the BEST outcome of a compliance and ethics program? ANS:
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? ANS: 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. ANS: Review the process after
a period of time to determine if the problem is resolved.
What is the first step in the audit process? ANS: Identify a problem
What is the second step in the audit process? ANS: Take corrective action
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© 2024 TestTrackers o Resources & Updates: [Testtrackers - Stuvia US]
o Customer Support: o Your Success is Our Mission!
[+254707240657]
1
CCEP EXAM (COMPLIANCE) QUESTIONS AND
CORRECT DETAILED ANSWERS 2025-2026
(VERIFIED ANSWERS) ||ALREADY GRADED
A+||NEWEST VERSION
What are the 7 elements of a Compliance Program? ANS: 1. Standards of Conduct/Policies
and Procedures, 2. Compliance Officer and Compliance Committee, 3. Education/Training, 4.
Monitoring/Auditing, 5. Reporting and Investigating, 6. Enforcement and Discipline, 7. Response and
Prevention
A CFO discovers the CEO is using company funds for personal expenses. The CFO buried this
information in the company's financial reports. The compliance and ethics professional learns of the
situation through the company's hotline. Which of the following should be the compliance and ethics
professional's FIRST response? ANS: Investigate to verify the allegation
Which of the following is the MOST effective way a compliance and ethics professional can evaluate
compliance and ethics audit findings? ANS: Conduct trend analysis on identified risk areas and
benchmark results against industry standards
Which of the following BEST describes the primary role of people of a compliance and ethics
professional? ANS: Promotes a culture of compliance and ethics throughout the organization
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
o
o
Thank You for Choosing Us!
© 2024 TestTrackers o Resources & Updates: [ Testtrackers - Stuvia US]
o Customer Support: o Your Success is Our Mission!
[+254707240657]
, Testtrackers
2
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 ANS: Conduct a compliance and
ethics risk assessment
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... ANS: Ask counsel to prepare the written report
o
o
Thank You for Choosing Us!
© 2024 TestTrackers o Resources & Updates: [Testtrackers - Stuvia US]
o Customer Support: o Your Success is Our Mission!
[+254707240657]
, Testtrackers
3
Which of the following is the BEST outcome of a compliance and ethics program? ANS:
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? ANS: 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. ANS: Review the process after
a period of time to determine if the problem is resolved.
What is the first step in the audit process? ANS: Identify a problem
What is the second step in the audit process? ANS: Take corrective action
o
o
Thank You for Choosing Us!
© 2024 TestTrackers o Resources & Updates: [Testtrackers - Stuvia US]
o Customer Support: o Your Success is Our Mission!
[+254707240657]
