CCEP Compliance & Ethics Manual Quiz.pdf file:///C:/Users/HP/Desktop/New%20Conver/CCEP%20Complian
CCEP Compliance & Ethics Manual Quiz
1. Name the seven essential elements of compliance.
ANS 1. Written policies and procedures
2. Designated compliance officer and compliance committee
3. Effective training and education
4. Effective lines of communication
5. Internal monitoring and auditing
6. Enforcement and discipline
7. Corrective actions to detected problems
2. What are the two types of compliance policies and procedures that should be developed
by every organization?
ANS -Structural (framework)
-Substantive (define applicable regulations)
3. Who do most compliance officers report to?
ANS Board
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,CCEP Compliance & Ethics Manual Quiz.pdf file:///C:/Users/HP/Desktop/New%20Conver/CCEP%20Complian
4. How many minimal hours of compliance education should be required for all
employees?
ANS Minimum of one hour
5. What two things must be documented and reported?
ANS Auditing and monitoring activities
6. What are the typical five disciplinary action steps?
ANS 1. Verbal warning
2. Written warning
3. Suspension
4. Fine
5. Termination
7. The government encourages of suspected fraud.
ANS reporting
8. What are six ways to save on future costs of compliance?
ANS 1. Embed quality into existing processes
2. Centralize common processes and controls
3. Focus on corporate culture
4. Improve information system processes
2/6
2 of 6 9/18/2024, 10:59
CCEP Compliance & Ethics Manual Quiz
1. Name the seven essential elements of compliance.
ANS 1. Written policies and procedures
2. Designated compliance officer and compliance committee
3. Effective training and education
4. Effective lines of communication
5. Internal monitoring and auditing
6. Enforcement and discipline
7. Corrective actions to detected problems
2. What are the two types of compliance policies and procedures that should be developed
by every organization?
ANS -Structural (framework)
-Substantive (define applicable regulations)
3. Who do most compliance officers report to?
ANS Board
1/6
1 of 6 9/18/2024, 10:59
,CCEP Compliance & Ethics Manual Quiz.pdf file:///C:/Users/HP/Desktop/New%20Conver/CCEP%20Complian
4. How many minimal hours of compliance education should be required for all
employees?
ANS Minimum of one hour
5. What two things must be documented and reported?
ANS Auditing and monitoring activities
6. What are the typical five disciplinary action steps?
ANS 1. Verbal warning
2. Written warning
3. Suspension
4. Fine
5. Termination
7. The government encourages of suspected fraud.
ANS reporting
8. What are six ways to save on future costs of compliance?
ANS 1. Embed quality into existing processes
2. Centralize common processes and controls
3. Focus on corporate culture
4. Improve information system processes
2/6
2 of 6 9/18/2024, 10:59
