CCEP: Set 1
A enterprise lately created a position for a compliance and ethics professional (CEP). Which
of the subsequent should the brand new CEP do FIRST?
A. Conduct an opening analysis to determine what additives of a compliance and ethics
program presently exist.
B. Schedule an outside evaluation of the compliance and ethics software,
C. Develop a work plan for the compliance and ethics program that goals high-threat areas
and regulatory tendencies.
D. Institute compliance and ethics training for all personnel. - ANS-A. Conduct an opening
evaluation to decide what additives of a compliance and ethics application presently exist.
A organization makes use of 5,000 0.33 events to accomplish commercial enterprise
responsibilities. Which of the following steps should the compliance and ethics professional
take to require 0.33 events to comply with the corporation's ethics and compliance
standards?
A. Read the 0.33 birthday party's code of behavior.
B. Include the requirements in the third-birthday celebration contract.
C. Conduct due diligence at the 1/3 birthday party.
D. Communicate the standards to the 1/3 element - ANS-B. Include the requirements in the
1/3-party agreement.
A compliance and ethics professional (CEP) determined that the system for recording
excessive price accounting items changed into incorrect and has worked with the accounting
department to increase a corrective motion plan. Which of the following have to the CEP do
NEXT?
A. Require quarterly development reviews.
B. Schedule an audit in 365 days.
C. Monitor the implementation
D. Direct the mitigation plan. - ANS-C. Monitor the implementation
A compliance and ethics expert (CEP) discovers a new hire is the nephew of one of the
agency's directors. The director is the chairperson of the repayment committee. When the
CEP asks the CEO if he changed into privy to this case, the CEO explains that the new
lease is the "satisfactory inside the commercial enterprise." Which of the following should the
CEP do FIRST? A. Monitor the new hire's overall performance to make certain that the
worker is as precious as promised.
B. Review the warfare of hobby coverage to decide if an motion plan is important.
C. Research the brand new rent's credentials to determine if he's the maximum certified.
D. Revise the corporate code of conduct to mirror the CEO's selection. - ANS-B. Review the
war of hobby policy to determine if an action plan is vital.
, A compliance and ethics professional (CEP) has a protracted list of things that want to be
researched, created, and applied. Resources have to be asked. To continue and recognize
what to price range, the CEP need to FIRST
A. Reduce scope of compliance.
B. Develop an annual plan.
C. Ask other staff companies for assist.
D. Ask carriers for their first-class fees - ANS-B. Expand an annual plan.
A compliance and ethics expert (CEP) has been asked to assist a department in setting up a
brand new commercial enterprise line scheduled to be operational in months. The CEP isn't
always familiar with the regulatory issues of the commercial enterprise line. Which of the
subsequent need to the CEP do FIRST?
A. Ask the branch to offer a summary of the features and operations of the business line.
B. Request a further complete-time worker to assist the CEP. C. Inform the branch that
assistance with the established order of a commercial enterprise line can't be supplied.
D. Refer the problem to inner audit for evaluation of the troubles - ANS-A. Ask the branch to
offer a precis of the functions and operations of the enterprise line.
A compliance and ethics expert (CEP) is asked to evaluate the effectiveness of the
communique channels for reporting worries. Analysis and benchmarking the quantity and
kind of calls to the corporation's hotline indicates a relatively low charge of employee
reporting. Managers, the legal department, and Hr also are requested to tell the compliance
department when an employee reports a subject to them. Which of the subsequent need to
the CEP do NEXT.
A. Request internal audit to test the reporting system.
B. Use a survey to determine if employees fear retaliation.
C. Provide incentives for employees to apply the hotline.
D. Determine if the reporting machine violates privacy rules. - ANS-B. Use a survey to
determine if personnel worry retaliation
A compliance and ethics expert (CEP) gets an reputable demand to produce organisation
files. Which of the following must the CEP do FIRST?
A. Destroy relevant files that were no longer asked.
B. Collect necessary documents right away.
C. Notify criminal recommend and request help.
D. Inform the board of directors and control - ANS-C. Notify prison recommend and request
assistance.
A hotline name was received concerning a golf experience involving a income consultant
and a client that allegedly violated organization coverage. An internal investigation became
performed and appropriate disciplinary action was taken. Which of the following should the
compliance and ethics expert do NEXT?
A. Provide schooling at the organisation's struggle of interest coverage.
B. Notify the audit committee chairperson of the violation.
C. Recommend terminating the relationship with the purchaser.
D. Engage employees to draft a compliance and ethics policy. - ANS-A. Provide schooling
at the enterprise's battle of hobby policy.
A enterprise lately created a position for a compliance and ethics professional (CEP). Which
of the subsequent should the brand new CEP do FIRST?
A. Conduct an opening analysis to determine what additives of a compliance and ethics
program presently exist.
B. Schedule an outside evaluation of the compliance and ethics software,
C. Develop a work plan for the compliance and ethics program that goals high-threat areas
and regulatory tendencies.
D. Institute compliance and ethics training for all personnel. - ANS-A. Conduct an opening
evaluation to decide what additives of a compliance and ethics application presently exist.
A organization makes use of 5,000 0.33 events to accomplish commercial enterprise
responsibilities. Which of the following steps should the compliance and ethics professional
take to require 0.33 events to comply with the corporation's ethics and compliance
standards?
A. Read the 0.33 birthday party's code of behavior.
B. Include the requirements in the third-birthday celebration contract.
C. Conduct due diligence at the 1/3 birthday party.
D. Communicate the standards to the 1/3 element - ANS-B. Include the requirements in the
1/3-party agreement.
A compliance and ethics professional (CEP) determined that the system for recording
excessive price accounting items changed into incorrect and has worked with the accounting
department to increase a corrective motion plan. Which of the following have to the CEP do
NEXT?
A. Require quarterly development reviews.
B. Schedule an audit in 365 days.
C. Monitor the implementation
D. Direct the mitigation plan. - ANS-C. Monitor the implementation
A compliance and ethics expert (CEP) discovers a new hire is the nephew of one of the
agency's directors. The director is the chairperson of the repayment committee. When the
CEP asks the CEO if he changed into privy to this case, the CEO explains that the new
lease is the "satisfactory inside the commercial enterprise." Which of the following should the
CEP do FIRST? A. Monitor the new hire's overall performance to make certain that the
worker is as precious as promised.
B. Review the warfare of hobby coverage to decide if an motion plan is important.
C. Research the brand new rent's credentials to determine if he's the maximum certified.
D. Revise the corporate code of conduct to mirror the CEO's selection. - ANS-B. Review the
war of hobby policy to determine if an action plan is vital.
, A compliance and ethics professional (CEP) has a protracted list of things that want to be
researched, created, and applied. Resources have to be asked. To continue and recognize
what to price range, the CEP need to FIRST
A. Reduce scope of compliance.
B. Develop an annual plan.
C. Ask other staff companies for assist.
D. Ask carriers for their first-class fees - ANS-B. Expand an annual plan.
A compliance and ethics expert (CEP) has been asked to assist a department in setting up a
brand new commercial enterprise line scheduled to be operational in months. The CEP isn't
always familiar with the regulatory issues of the commercial enterprise line. Which of the
subsequent need to the CEP do FIRST?
A. Ask the branch to offer a summary of the features and operations of the business line.
B. Request a further complete-time worker to assist the CEP. C. Inform the branch that
assistance with the established order of a commercial enterprise line can't be supplied.
D. Refer the problem to inner audit for evaluation of the troubles - ANS-A. Ask the branch to
offer a precis of the functions and operations of the enterprise line.
A compliance and ethics expert (CEP) is asked to evaluate the effectiveness of the
communique channels for reporting worries. Analysis and benchmarking the quantity and
kind of calls to the corporation's hotline indicates a relatively low charge of employee
reporting. Managers, the legal department, and Hr also are requested to tell the compliance
department when an employee reports a subject to them. Which of the subsequent need to
the CEP do NEXT.
A. Request internal audit to test the reporting system.
B. Use a survey to determine if employees fear retaliation.
C. Provide incentives for employees to apply the hotline.
D. Determine if the reporting machine violates privacy rules. - ANS-B. Use a survey to
determine if personnel worry retaliation
A compliance and ethics expert (CEP) gets an reputable demand to produce organisation
files. Which of the following must the CEP do FIRST?
A. Destroy relevant files that were no longer asked.
B. Collect necessary documents right away.
C. Notify criminal recommend and request help.
D. Inform the board of directors and control - ANS-C. Notify prison recommend and request
assistance.
A hotline name was received concerning a golf experience involving a income consultant
and a client that allegedly violated organization coverage. An internal investigation became
performed and appropriate disciplinary action was taken. Which of the following should the
compliance and ethics expert do NEXT?
A. Provide schooling at the organisation's struggle of interest coverage.
B. Notify the audit committee chairperson of the violation.
C. Recommend terminating the relationship with the purchaser.
D. Engage employees to draft a compliance and ethics policy. - ANS-A. Provide schooling
at the enterprise's battle of hobby policy.
