CERTIFIED COMPLIANCE AND ETHICS PROFESSIONAL
(CCEP) CERTIFICATION EXAM, PRACTICE EXAM AND
STUDY GUIDE LATEST 2024 ACTUAL EXAM 70 QUESTIONS
AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS)
|ALREADY GRADED A+
A compliance and ethics professional investigates a report of sexual harassment. 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
Which of the following provides guidance for the development of a compliance program?
A.) Sarbanes-Oxley Act
B.) Federal Sentencing Guidelines
C.) Security and Exchange Commission
D.) Office for Civil Rights
B.) Federal Sentencing Guidelines
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
Training on price-fixing is MOST important for which of the following staff?
A.) Management
B.) Sales
C.) Marketing
D.) Accounting
B.) Sales
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
Which of the following is a key component of a compliance and ethics program?
A.) On-going training
B.) Employee surveys
C.) Monthly employee meetings
D.) Company newsletter
A.) On-going training
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?
A.) Retain outside counsel
B.) Recommend suspension of the CEO
C.) Investigate to verify the allegation
D.) Disclose the issue and terminate the CEO
C.) Investigate to verify the allegation
A US-based retail company has 250 stores in 30 states. Past compliance efforts have included a silobased
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 compliance and ethics risk assessment
, An employee discloses to counsel and the compliance and ethics professional 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
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.
A compliance and ethics professional is evaluating an organization's employee handbook. A conflict exists
between the Code of Conduct and the employee handbook. HR is responsible for the employee
handbook. The documents 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 documents
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
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
(CCEP) CERTIFICATION EXAM, PRACTICE EXAM AND
STUDY GUIDE LATEST 2024 ACTUAL EXAM 70 QUESTIONS
AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS)
|ALREADY GRADED A+
A compliance and ethics professional investigates a report of sexual harassment. 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
Which of the following provides guidance for the development of a compliance program?
A.) Sarbanes-Oxley Act
B.) Federal Sentencing Guidelines
C.) Security and Exchange Commission
D.) Office for Civil Rights
B.) Federal Sentencing Guidelines
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
Training on price-fixing is MOST important for which of the following staff?
A.) Management
B.) Sales
C.) Marketing
D.) Accounting
B.) Sales
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
Which of the following is a key component of a compliance and ethics program?
A.) On-going training
B.) Employee surveys
C.) Monthly employee meetings
D.) Company newsletter
A.) On-going training
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?
A.) Retain outside counsel
B.) Recommend suspension of the CEO
C.) Investigate to verify the allegation
D.) Disclose the issue and terminate the CEO
C.) Investigate to verify the allegation
A US-based retail company has 250 stores in 30 states. Past compliance efforts have included a silobased
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 compliance and ethics risk assessment
, An employee discloses to counsel and the compliance and ethics professional 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
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.
A compliance and ethics professional is evaluating an organization's employee handbook. A conflict exists
between the Code of Conduct and the employee handbook. HR is responsible for the employee
handbook. The documents 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 documents
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
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
