CCEP: Set 1
A employer these days created a position for a compliance and ethics professional (CEP).
Which of the following ought to the new CEP do FIRST?
A. Conduct a gap evaluation to decide what components of a compliance and ethics
program presently exist.
B. Schedule an external review of the compliance and ethics software,
C. Develop a piece plan for the compliance and ethics application that objectives high-risk
regions and regulatory trends.
D. Institute compliance and ethics education for all personnel. - ANS-A. Conduct a gap
evaluation to decide what additives of a compliance and ethics software presently exist.
A corporation uses five,000 third parties to accomplish business tasks. Which of the
subsequent steps ought to the compliance and ethics professional take to require 0.33
parties to conform with the enterprise's ethics and compliance requirements?
A. Read the 1/3 birthday celebration's code of behavior.
B. Include the requirements inside the third-birthday party contract.
C. Conduct due diligence at the 0.33 celebration.
D. Communicate the standards to the 0.33 part - ANS-B. Include the standards within the
third-celebration settlement.
A compliance and ethics professional (CEP) determined that the procedure for recording
high price accounting objects was incorrect and has labored with the accounting branch to
develop a corrective movement plan. Which of the following have to the CEP do NEXT?
A. Require quarterly progress reports.
B. Schedule an audit in twelve months.
C. Monitor the implementation
D. Direct the mitigation plan. - ANS-C. Monitor the implementation
A compliance and ethics expert (CEP) discovers a new rent is the nephew of one of the
business enterprise's administrators. The director is the chairperson of the reimbursement
committee. When the CEP asks the CEO if he changed into privy to this situation, the CEO
explains that the brand new hire is the "first-rate inside the business." Which of the following
must the CEP do FIRST? A. Monitor the brand new lease's performance to ensure that the
worker is as precious as promised.
B. Review the warfare of hobby policy to determine if an motion plan is essential.
C. Research the brand new rent's credentials to determine if he's the most certified.
D. Revise the company code of behavior to mirror the CEO's selection. - ANS-B. Review the
struggle of interest policy to determine if an movement plan is important.
A compliance and ethics expert (CEP) has an extended listing of factors that want to be
researched, created, and carried out. Resources have to be requested. To proceed and
recognize what to budget, the CEP ought to FIRST
A. Reduce scope of compliance.
B. Broaden an annual plan.
C. Ask different workforce agencies for assist.
D. Ask carriers for their high-quality prices - ANS-B. Develop an annual plan.
, A compliance and ethics professional (CEP) has been requested to help a department in
organising a new business line scheduled to be operational in months. The CEP isn't always
familiar with the regulatory troubles of the commercial enterprise line. Which of the
subsequent need to the CEP do FIRST?
A. Ask the department to offer a precis of the features and operations of the enterprise line.
B. Request an extra full-time worker to help the CEP. C. Inform the department that help with
the status quo of a commercial enterprise line cannot be provided.
D. Refer the problem to inner audit for assessment of the issues - ANS-A. Ask the branch to
offer a summary of the functions and operations of the enterprise line.
A compliance and ethics professional (CEP) is asked to assess the effectiveness of the
conversation channels for reporting worries. Analysis and benchmarking the range and kind
of calls to the organization's hotline indicates a relatively low charge of worker reporting.
Managers, the prison branch, and Hr are also requested to tell the compliance branch when
an employee reports a subject to them. Which of the following should the CEP do NEXT.
A. Request inner audit to test the reporting gadget.
B. Use a survey to determine if employees fear retaliation.
C. Provide incentives for personnel to use the hotline.
D. Determine if the reporting gadget violates privacy policies. - ANS-B. Use a survey to
decide if employees fear retaliation
A compliance and ethics expert (CEP) gets an authentic demand to provide employer
documents. Which of the subsequent ought to the CEP do FIRST?
A. Destroy relevant documents that had been no longer requested.
B. Collect necessary documents without delay.
C. Notify prison suggest and request help.
D. Inform the board of directors and management - ANS-C. Notify criminal recommend and
request assistance.
A hotline call changed into acquired concerning a golf ride concerning a income consultant
and a patron that allegedly violated company policy. An internal research became carried out
and suitable disciplinary movement was taken. Which of the following must the compliance
and ethics expert do NEXT?
A. Provide education at the business enterprise's battle of hobby coverage.
B. Notify the audit committee chairperson of the violation.
C. Recommend terminating the connection with the purchaser.
D. Engage personnel to draft a compliance and ethics policy. - ANS-A. Provide education at
the business enterprise's conflict of hobby policy.
A hotline caller alleges that a business manager within the shopping branch is accepting
items from a dealer in violation of employer coverage. The compliance and ethics
professional (CEP) investigates the allegation and interviews several employees. During the
course of the interviews, an employee admits that she referred to as the hotline, however
requests to remain anonymous. The CEP have to tell the employee that her name will
A. Continue to be anonymous within the investigation.
B. Be furnished to senior management.
C. Be stored private to the volume feasible.
D. Now not be launched if an reputable call for is obtained - ANS-A. Continue to be
anonymous inside the investigation.
A regulator requests facts on the level of compliance training. The agency isn't legally
required to provide this records, however it can help inside the dating with the regulator.
Which of the following should a compliance and ethics professional do?
A employer these days created a position for a compliance and ethics professional (CEP).
Which of the following ought to the new CEP do FIRST?
A. Conduct a gap evaluation to decide what components of a compliance and ethics
program presently exist.
B. Schedule an external review of the compliance and ethics software,
C. Develop a piece plan for the compliance and ethics application that objectives high-risk
regions and regulatory trends.
D. Institute compliance and ethics education for all personnel. - ANS-A. Conduct a gap
evaluation to decide what additives of a compliance and ethics software presently exist.
A corporation uses five,000 third parties to accomplish business tasks. Which of the
subsequent steps ought to the compliance and ethics professional take to require 0.33
parties to conform with the enterprise's ethics and compliance requirements?
A. Read the 1/3 birthday celebration's code of behavior.
B. Include the requirements inside the third-birthday party contract.
C. Conduct due diligence at the 0.33 celebration.
D. Communicate the standards to the 0.33 part - ANS-B. Include the standards within the
third-celebration settlement.
A compliance and ethics professional (CEP) determined that the procedure for recording
high price accounting objects was incorrect and has labored with the accounting branch to
develop a corrective movement plan. Which of the following have to the CEP do NEXT?
A. Require quarterly progress reports.
B. Schedule an audit in twelve months.
C. Monitor the implementation
D. Direct the mitigation plan. - ANS-C. Monitor the implementation
A compliance and ethics expert (CEP) discovers a new rent is the nephew of one of the
business enterprise's administrators. The director is the chairperson of the reimbursement
committee. When the CEP asks the CEO if he changed into privy to this situation, the CEO
explains that the brand new hire is the "first-rate inside the business." Which of the following
must the CEP do FIRST? A. Monitor the brand new lease's performance to ensure that the
worker is as precious as promised.
B. Review the warfare of hobby policy to determine if an motion plan is essential.
C. Research the brand new rent's credentials to determine if he's the most certified.
D. Revise the company code of behavior to mirror the CEO's selection. - ANS-B. Review the
struggle of interest policy to determine if an movement plan is important.
A compliance and ethics expert (CEP) has an extended listing of factors that want to be
researched, created, and carried out. Resources have to be requested. To proceed and
recognize what to budget, the CEP ought to FIRST
A. Reduce scope of compliance.
B. Broaden an annual plan.
C. Ask different workforce agencies for assist.
D. Ask carriers for their high-quality prices - ANS-B. Develop an annual plan.
, A compliance and ethics professional (CEP) has been requested to help a department in
organising a new business line scheduled to be operational in months. The CEP isn't always
familiar with the regulatory troubles of the commercial enterprise line. Which of the
subsequent need to the CEP do FIRST?
A. Ask the department to offer a precis of the features and operations of the enterprise line.
B. Request an extra full-time worker to help the CEP. C. Inform the department that help with
the status quo of a commercial enterprise line cannot be provided.
D. Refer the problem to inner audit for assessment of the issues - ANS-A. Ask the branch to
offer a summary of the functions and operations of the enterprise line.
A compliance and ethics professional (CEP) is asked to assess the effectiveness of the
conversation channels for reporting worries. Analysis and benchmarking the range and kind
of calls to the organization's hotline indicates a relatively low charge of worker reporting.
Managers, the prison branch, and Hr are also requested to tell the compliance branch when
an employee reports a subject to them. Which of the following should the CEP do NEXT.
A. Request inner audit to test the reporting gadget.
B. Use a survey to determine if employees fear retaliation.
C. Provide incentives for personnel to use the hotline.
D. Determine if the reporting gadget violates privacy policies. - ANS-B. Use a survey to
decide if employees fear retaliation
A compliance and ethics expert (CEP) gets an authentic demand to provide employer
documents. Which of the subsequent ought to the CEP do FIRST?
A. Destroy relevant documents that had been no longer requested.
B. Collect necessary documents without delay.
C. Notify prison suggest and request help.
D. Inform the board of directors and management - ANS-C. Notify criminal recommend and
request assistance.
A hotline call changed into acquired concerning a golf ride concerning a income consultant
and a patron that allegedly violated company policy. An internal research became carried out
and suitable disciplinary movement was taken. Which of the following must the compliance
and ethics expert do NEXT?
A. Provide education at the business enterprise's battle of hobby coverage.
B. Notify the audit committee chairperson of the violation.
C. Recommend terminating the connection with the purchaser.
D. Engage personnel to draft a compliance and ethics policy. - ANS-A. Provide education at
the business enterprise's conflict of hobby policy.
A hotline caller alleges that a business manager within the shopping branch is accepting
items from a dealer in violation of employer coverage. The compliance and ethics
professional (CEP) investigates the allegation and interviews several employees. During the
course of the interviews, an employee admits that she referred to as the hotline, however
requests to remain anonymous. The CEP have to tell the employee that her name will
A. Continue to be anonymous within the investigation.
B. Be furnished to senior management.
C. Be stored private to the volume feasible.
D. Now not be launched if an reputable call for is obtained - ANS-A. Continue to be
anonymous inside the investigation.
A regulator requests facts on the level of compliance training. The agency isn't legally
required to provide this records, however it can help inside the dating with the regulator.
Which of the following should a compliance and ethics professional do?
