CCEP Compliance and Ethics
Professional Exam| Questions with
Correct solutions
What training do those who respond to questions/concerns from employees
need?
How to identify potential compliance and ethics issues.
The Compliance Officer manages what?
Manages a compliance and ethics education program.
The compliance training delivery needs to be...
appropriate for the audience.
What duty is there for internal reporting?
To protect anonymity and confidentiality within legal and practical limits for
those reporting.
The reporting system must be...
publicized to all employees, vendors, and third parties.
What monitoring duties are there?
Monitor for organizational misconduct, like violations of applicable laws,
regulations, policies, and procedures.
What is a Compliance Officer obligated to set up for reporting?
Ensure that systems exist to enable employees, vendors, and third parties to report
any noncompliance and seek advice, like a hotline.
What is required to enable followup on reported issues?
Assure that processes exist to respond to compliance and ethics concerns expressed
through internal reporting system.
A Compliance Officer is required to monitor what?
Monitor Compliance and ethics related activities, like hotline calls, training,
and investigations.
What is Compliance required to do with the results of audits?
,Analyze (track, trend, evaluate, benchmark)
Audits from External Entities should be...
Addressed
Compliance and Ethics related risks must be....
Audited and Monitored
Compliance officers are required to _________ on an ongoing basis
Evaluate the effectiveness of the compliance and ethics program
Exit Interviews should have....
Compliance and Ethics questions
What type of audit plan is needed?
A risk-based periodic compliance and ethics plan
One of the first things a new compliance officer needs to do is:
Assess the existing risk-based audit compliance plan to address dynamic changes
in risk priorities
Discipline must be
proportionate to violation and consistent across the organization
Discipline also needs to be...
fair and consistent with the organization's disciplinary policies and procedures
CO's responsibility for discipline:
Assure the recommended disciplinary action is documented
How to encourage compliant and ethical behavior?
Use appropriate incentives
Recommend what is part of performance evaluations?
Compliance and ethical metrics
What must the organization have?
Non-Retaliation policy
What duty does the CO have in regards to retaliation?
Assure compliance with the organization's non-retaliation policy.
CO must respond to
Compliance and Ethics Escalations
CO must report....
, validated instances of noncompliance through appropriate channels within the
organization
CO does what in regards to noncompliance?
Assure management develops corrective action plans
CO does what in regards to corrective action plans?
Monitors effectiveness of corrective action plans
What can a CO do to address investigation needs?
Engage qualified resources
What should a CO do about identified problems or weaknesses in the program?
Initiate program enhancements
Compliance is responsible for internal
Conducting Internal Investigations
Compliance is responsible for government
Responding to government inquiries and investigations
Compliance is responsible for records
Maintain records on compliance investigations
Compliance coordinates what?
Assures there is coordination of voluntary disclosures to regulatory agencies.
Compliance and Legal duty:
Coordinate investigations to preserve applicable privileges, attorney client privilege
Compliance and Internal Controls
Participate in the development of internal controls aimed at preventing misconduct,
like requiring dual sign-offs on certain conduct
Risk Assessment needs to be
Scalable and Timely for the Organization
Risk Assessment: CO required to....
assure periodic compliance and ethics risk assessments are conducted across the
organization
Risk Assessment: CO must facilitate...
the integration of compliance and ethics risk assessments across all parts of
the business: processes and business units
Professional Exam| Questions with
Correct solutions
What training do those who respond to questions/concerns from employees
need?
How to identify potential compliance and ethics issues.
The Compliance Officer manages what?
Manages a compliance and ethics education program.
The compliance training delivery needs to be...
appropriate for the audience.
What duty is there for internal reporting?
To protect anonymity and confidentiality within legal and practical limits for
those reporting.
The reporting system must be...
publicized to all employees, vendors, and third parties.
What monitoring duties are there?
Monitor for organizational misconduct, like violations of applicable laws,
regulations, policies, and procedures.
What is a Compliance Officer obligated to set up for reporting?
Ensure that systems exist to enable employees, vendors, and third parties to report
any noncompliance and seek advice, like a hotline.
What is required to enable followup on reported issues?
Assure that processes exist to respond to compliance and ethics concerns expressed
through internal reporting system.
A Compliance Officer is required to monitor what?
Monitor Compliance and ethics related activities, like hotline calls, training,
and investigations.
What is Compliance required to do with the results of audits?
,Analyze (track, trend, evaluate, benchmark)
Audits from External Entities should be...
Addressed
Compliance and Ethics related risks must be....
Audited and Monitored
Compliance officers are required to _________ on an ongoing basis
Evaluate the effectiveness of the compliance and ethics program
Exit Interviews should have....
Compliance and Ethics questions
What type of audit plan is needed?
A risk-based periodic compliance and ethics plan
One of the first things a new compliance officer needs to do is:
Assess the existing risk-based audit compliance plan to address dynamic changes
in risk priorities
Discipline must be
proportionate to violation and consistent across the organization
Discipline also needs to be...
fair and consistent with the organization's disciplinary policies and procedures
CO's responsibility for discipline:
Assure the recommended disciplinary action is documented
How to encourage compliant and ethical behavior?
Use appropriate incentives
Recommend what is part of performance evaluations?
Compliance and ethical metrics
What must the organization have?
Non-Retaliation policy
What duty does the CO have in regards to retaliation?
Assure compliance with the organization's non-retaliation policy.
CO must respond to
Compliance and Ethics Escalations
CO must report....
, validated instances of noncompliance through appropriate channels within the
organization
CO does what in regards to noncompliance?
Assure management develops corrective action plans
CO does what in regards to corrective action plans?
Monitors effectiveness of corrective action plans
What can a CO do to address investigation needs?
Engage qualified resources
What should a CO do about identified problems or weaknesses in the program?
Initiate program enhancements
Compliance is responsible for internal
Conducting Internal Investigations
Compliance is responsible for government
Responding to government inquiries and investigations
Compliance is responsible for records
Maintain records on compliance investigations
Compliance coordinates what?
Assures there is coordination of voluntary disclosures to regulatory agencies.
Compliance and Legal duty:
Coordinate investigations to preserve applicable privileges, attorney client privilege
Compliance and Internal Controls
Participate in the development of internal controls aimed at preventing misconduct,
like requiring dual sign-offs on certain conduct
Risk Assessment needs to be
Scalable and Timely for the Organization
Risk Assessment: CO required to....
assure periodic compliance and ethics risk assessments are conducted across the
organization
Risk Assessment: CO must facilitate...
the integration of compliance and ethics risk assessments across all parts of
the business: processes and business units
