Certified Compliance and Ethics Professional (CCEP) Certification Study
sources
Study online at https://quizlet.com/_85ytl5
1. 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: A. Reducing the organi-
zation's legal exposure
2. A compliance and ethics professional investigates a report of sexual ha-
rassment. 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?
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: C.) Provide education and
training on the policy
3. Which of the following provides guidance for the development of a compli-
ance program?
A.) Sarbanes-Oxley Act
B.) Federal Sentencing Guidelines
C.) Security and Exchange Commission
D.) Office for Civil Rights: B.) Federal Sentencing Guidelines
4. Which of the following is the BEST outcome of a compliance and ethics
program?
A.) Mitigating risk
B.) Identifying risk
C.) Prioritizing risk
D.) Documenting risk: A.) Mitigating risk
5. Training on price-fixing is MOST important for which of the following staff?
A.) Management
B.) Sales
C.) Marketing
D.) Accounting: B.) Sales
, Certified Compliance and Ethics Professional (CCEP) Certification Study
sources
Study online at https://quizlet.com/_85ytl5
6. 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 organization's culture
A.) 1,2, and 3 only
B.) 1, 2, and 4 only
C.) 1, 3, and 4 only
D.) 2, 3, and 4 only: D.) 2, 3, and 4 only
7. 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: A.) Conduct a com-
pliance and ethics risk assessment
8. An employee discloses to counsel and the compliance and ethics profes-
sional that a supervisor has been verbally abusive. An investigation finds that
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:
A.) Follow counsel's advice
B.) Submit a written report
C.) Ask counsel to prepare the written report
, Certified Compliance and Ethics Professional (CCEP) Certification Study
sources
Study online at https://quizlet.com/_85ytl5
D.) Recommend disciplinary action against counsel: C.) Ask counsel to prepare
the written report
Even though counsel advises to not submit a report Compliance can suggest
alternatives to ensure the compliance program is being followed. By asking counsel
to prepare the written report it is then protected by attorney-client privilege and
follows the compliance program.
9. A compliance and ethics professional is evaluating an organization's em-
ployee handbook. A conflict exists between the Code of Conduct and the
employee handbook. HR is responsible for the employee handbook. The doc-
uments have been approved by the board of directors. Which of the following
actions should the compliance and ethics professional take FIRST?
A.) Post revised documents on the organization's website
B.) Schedule a time during the next board meeting to present revised docu-
ments
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: D.) Contact HR to determine if the inconsistencies between the
documents can be resolved
Escalate to the lowest level when possible
10. A company's Code of Conduct has not been reviewed for over 2 years.
HR recommended adding content that would double its size. The compliance
committee members expressed concern that adding a significant amount of
content could negatively impact its effectiveness. Which of the following is
the compliance and ethics professional's NEXT step before consolidating
revisions?
A.) Request guidance from the board of directors
B.) Contract with a consultant to rewrite the Code of Conduct
C.) Compare the content outline with other organizations
D.) Rewrite the content based on Federal Sentencing Guidelines: C.) Compare
the content outline with other organizations
Benchmarking
sources
Study online at https://quizlet.com/_85ytl5
1. 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: A. Reducing the organi-
zation's legal exposure
2. A compliance and ethics professional investigates a report of sexual ha-
rassment. 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?
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: C.) Provide education and
training on the policy
3. Which of the following provides guidance for the development of a compli-
ance program?
A.) Sarbanes-Oxley Act
B.) Federal Sentencing Guidelines
C.) Security and Exchange Commission
D.) Office for Civil Rights: B.) Federal Sentencing Guidelines
4. Which of the following is the BEST outcome of a compliance and ethics
program?
A.) Mitigating risk
B.) Identifying risk
C.) Prioritizing risk
D.) Documenting risk: A.) Mitigating risk
5. Training on price-fixing is MOST important for which of the following staff?
A.) Management
B.) Sales
C.) Marketing
D.) Accounting: B.) Sales
, Certified Compliance and Ethics Professional (CCEP) Certification Study
sources
Study online at https://quizlet.com/_85ytl5
6. 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 organization's culture
A.) 1,2, and 3 only
B.) 1, 2, and 4 only
C.) 1, 3, and 4 only
D.) 2, 3, and 4 only: D.) 2, 3, and 4 only
7. 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: A.) Conduct a com-
pliance and ethics risk assessment
8. An employee discloses to counsel and the compliance and ethics profes-
sional that a supervisor has been verbally abusive. An investigation finds that
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:
A.) Follow counsel's advice
B.) Submit a written report
C.) Ask counsel to prepare the written report
, Certified Compliance and Ethics Professional (CCEP) Certification Study
sources
Study online at https://quizlet.com/_85ytl5
D.) Recommend disciplinary action against counsel: C.) Ask counsel to prepare
the written report
Even though counsel advises to not submit a report Compliance can suggest
alternatives to ensure the compliance program is being followed. By asking counsel
to prepare the written report it is then protected by attorney-client privilege and
follows the compliance program.
9. A compliance and ethics professional is evaluating an organization's em-
ployee handbook. A conflict exists between the Code of Conduct and the
employee handbook. HR is responsible for the employee handbook. The doc-
uments have been approved by the board of directors. Which of the following
actions should the compliance and ethics professional take FIRST?
A.) Post revised documents on the organization's website
B.) Schedule a time during the next board meeting to present revised docu-
ments
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: D.) Contact HR to determine if the inconsistencies between the
documents can be resolved
Escalate to the lowest level when possible
10. A company's Code of Conduct has not been reviewed for over 2 years.
HR recommended adding content that would double its size. The compliance
committee members expressed concern that adding a significant amount of
content could negatively impact its effectiveness. Which of the following is
the compliance and ethics professional's NEXT step before consolidating
revisions?
A.) Request guidance from the board of directors
B.) Contract with a consultant to rewrite the Code of Conduct
C.) Compare the content outline with other organizations
D.) Rewrite the content based on Federal Sentencing Guidelines: C.) Compare
the content outline with other organizations
Benchmarking
