CCEP exam (Compliance)
A CFO discovers the CEO is the use of employer price range for personal expenses. The
CFO buried this statistics within the agency's economic reviews. The compliance and ethics
expert learns of the situation thru the corporation's hotline. Which of the subsequent have to
be the compliance and ethics expert's FIRST reaction? - ANS-Investigate to verify the
allegation
A company gets a federal subpoena from the authorities inquiring for all of the employer's
documents from 1990 to the prevailing. The corporation's compliance and ethics
professional has been asked to reply to the subpoena and to advocate the organisation's
employees on their position inside the system. Which of the following have to the compliance
and ethics professional do FIRST? - ANS-Consult with the employer's legal counsel
A agency's Code of Conduct has now not been reviewed for over 2 years. HR recommended
adding content that might double its size. The compliance committee members expressed
problem that adding a good sized quantity of content material could negatively effect its
effectiveness. Which of the following is the compliance and ethics professional's NEXT step
earlier than consolidating revisions? - ANS-Compare the content define with other
businesses
A compliance and ethics professional has developed a policy intended to restrict personnel
from paying, imparting or promising to pay officials of other international locations for the
purposes of obtaining or keeping business. This coverage will help the agency observe -
ANS-Foreign Corrupt Practices Act (FCPA)
A compliance and ethics expert in auditing the employer's compliance with Sarbanes-Oxley
Act. Which of the subsequent findings shows a violation? - ANS-The public accounting firm
providing audit services has had the identical audit accomplice reviewing the audits for the
beyond 6 years.
A compliance and ethics expert investigates a record of sexual harassment. The incident
does no longer represent sexual harassment however exhibits the employee's false
impression of the harassment coverage. Which of the subsequent need to be the FIRST
step in a corrective movement plan? - ANS-Provide education and schooling on the
coverage
A compliance and ethics professional investigates a file of sexual harassment. The incident
does not constitute sexual harassment but reveals the worker's misunderstanding of the
harassment policy. Which of the subsequent ought to be the NEXT step in a corrective
motion plan? - ANS-Consider surveying the body of workers or providing additional group,
departmental, department, or agency schooling regarding sexual harassment.
A compliance and ethics professional is comparing an enterprise's employee guide. A
warfare exists between the Code of Conduct and the worker handbook. HR is chargeable for
the worker guide. The files were authorised by using the board of directors. Which of the
subsequent moves should the compliance and ethics expert take FIRST? - ANS-Contact HR
to decide if the inconsistencies between the documents can be resolved
A compliance and ethics expert gets a notification from the tax authority regarding revocation
of the organisation's tax-exempt popularity. The cause supplied become that personnel had
been talking at political rallies at the same time as wearing their paintings uniforms and
, identity badges. Which of the following ought to be the compliance and ethics expert's FIRST
action? - ANS-Contact a tax representative
A compliance and ethics expert gets an nameless complaint that an worker is receiving gifts
from a seller. An investigation finds the employee isn't always in violation of the modern-day
gift policy and the coverage has not been reviewed in 5 years. Which of the following is the
compliance and ethics expert's MOST suitable action? - ANS-Benchmark for supplier
relation high-quality practices
A compliance and ethics application should include:
1. An employee blessings manual
2. Document retention pointers
3. Policies concerning confidentiality
four. A statement approximately the corporations culture - ANS-2, 3, and 4 most effective
A compliance structural policy differs from a major coverage in that a structural coverage
have to:
A.) Describe the danger areas to the corporation
B.) Describe the way to function inside the regulations
C.) Define the regulations that follow to the company
D.) Define the framework this system have to perform inside - ANS-D.) Define the framework
this system ought to function inside
A hotline allows personnel and third events to: - ANS-Report compliance and ethics
violations
A problem was located in a recurring accounting audit. Corrective motion changed into taken
and the policies and strategies have been up to date. Which of the following is the
subsequent step within the audit method?
A) Report findings to the board of directors
B) Prepare the final precis and garage of the audit outcomes
C) Review the method after a time frame to decide if the hassle is resolved
D) Conduct a chance assessment to identify different feasible issues. - ANS-Review the
manner after a time period to determine if the hassle is resolved.
A U.S. Based organization has lately acquired a subsidiary with offices in Europe. The
compliance and ethics professional has been charged with implementing an nameless
hotline for the new subsidiary. Which of the subsequent need to the compliance and ethics
expert do FIRST? - ANS-Consult with assets to decide neighborhood laws.
A US-based totally retail employer has 250 stores in 30 states. Past compliance efforts have
protected a silo-primarily based method with minimum oversight and the CEO acting
because the Compliance and Ethics Officer. One man or woman in every country posted
compliance-associated data despatched from company, however there were no real
educational classes. Policies and strategies had been developed through corporate and
reviewed five years ago. The corporation has decided that a greater devoted method is
needed and hires a Compliance and Ethics Officer. Which of the subsequent moves have to
the brand new Compliance and Ethics Officer take FIRST?
A.) Conduct a compliance and ethics hazard evaluation
B.) Review corporation-wide compliance rules
C.) Perform a statistically legitimate compliance audit
D.) Distribute a compliance schooling packet to employees - ANS-Conduct a compliance
and ethics hazard evaluation
A CFO discovers the CEO is the use of employer price range for personal expenses. The
CFO buried this statistics within the agency's economic reviews. The compliance and ethics
expert learns of the situation thru the corporation's hotline. Which of the subsequent have to
be the compliance and ethics expert's FIRST reaction? - ANS-Investigate to verify the
allegation
A company gets a federal subpoena from the authorities inquiring for all of the employer's
documents from 1990 to the prevailing. The corporation's compliance and ethics
professional has been asked to reply to the subpoena and to advocate the organisation's
employees on their position inside the system. Which of the following have to the compliance
and ethics professional do FIRST? - ANS-Consult with the employer's legal counsel
A agency's Code of Conduct has now not been reviewed for over 2 years. HR recommended
adding content that might double its size. The compliance committee members expressed
problem that adding a good sized quantity of content material could negatively effect its
effectiveness. Which of the following is the compliance and ethics professional's NEXT step
earlier than consolidating revisions? - ANS-Compare the content define with other
businesses
A compliance and ethics professional has developed a policy intended to restrict personnel
from paying, imparting or promising to pay officials of other international locations for the
purposes of obtaining or keeping business. This coverage will help the agency observe -
ANS-Foreign Corrupt Practices Act (FCPA)
A compliance and ethics expert in auditing the employer's compliance with Sarbanes-Oxley
Act. Which of the subsequent findings shows a violation? - ANS-The public accounting firm
providing audit services has had the identical audit accomplice reviewing the audits for the
beyond 6 years.
A compliance and ethics expert investigates a record of sexual harassment. The incident
does no longer represent sexual harassment however exhibits the employee's false
impression of the harassment coverage. Which of the subsequent need to be the FIRST
step in a corrective movement plan? - ANS-Provide education and schooling on the
coverage
A compliance and ethics professional investigates a file of sexual harassment. The incident
does not constitute sexual harassment but reveals the worker's misunderstanding of the
harassment policy. Which of the subsequent ought to be the NEXT step in a corrective
motion plan? - ANS-Consider surveying the body of workers or providing additional group,
departmental, department, or agency schooling regarding sexual harassment.
A compliance and ethics professional is comparing an enterprise's employee guide. A
warfare exists between the Code of Conduct and the worker handbook. HR is chargeable for
the worker guide. The files were authorised by using the board of directors. Which of the
subsequent moves should the compliance and ethics expert take FIRST? - ANS-Contact HR
to decide if the inconsistencies between the documents can be resolved
A compliance and ethics expert gets a notification from the tax authority regarding revocation
of the organisation's tax-exempt popularity. The cause supplied become that personnel had
been talking at political rallies at the same time as wearing their paintings uniforms and
, identity badges. Which of the following ought to be the compliance and ethics expert's FIRST
action? - ANS-Contact a tax representative
A compliance and ethics expert gets an nameless complaint that an worker is receiving gifts
from a seller. An investigation finds the employee isn't always in violation of the modern-day
gift policy and the coverage has not been reviewed in 5 years. Which of the following is the
compliance and ethics expert's MOST suitable action? - ANS-Benchmark for supplier
relation high-quality practices
A compliance and ethics application should include:
1. An employee blessings manual
2. Document retention pointers
3. Policies concerning confidentiality
four. A statement approximately the corporations culture - ANS-2, 3, and 4 most effective
A compliance structural policy differs from a major coverage in that a structural coverage
have to:
A.) Describe the danger areas to the corporation
B.) Describe the way to function inside the regulations
C.) Define the regulations that follow to the company
D.) Define the framework this system have to perform inside - ANS-D.) Define the framework
this system ought to function inside
A hotline allows personnel and third events to: - ANS-Report compliance and ethics
violations
A problem was located in a recurring accounting audit. Corrective motion changed into taken
and the policies and strategies have been up to date. Which of the following is the
subsequent step within the audit method?
A) Report findings to the board of directors
B) Prepare the final precis and garage of the audit outcomes
C) Review the method after a time frame to decide if the hassle is resolved
D) Conduct a chance assessment to identify different feasible issues. - ANS-Review the
manner after a time period to determine if the hassle is resolved.
A U.S. Based organization has lately acquired a subsidiary with offices in Europe. The
compliance and ethics professional has been charged with implementing an nameless
hotline for the new subsidiary. Which of the subsequent need to the compliance and ethics
expert do FIRST? - ANS-Consult with assets to decide neighborhood laws.
A US-based totally retail employer has 250 stores in 30 states. Past compliance efforts have
protected a silo-primarily based method with minimum oversight and the CEO acting
because the Compliance and Ethics Officer. One man or woman in every country posted
compliance-associated data despatched from company, however there were no real
educational classes. Policies and strategies had been developed through corporate and
reviewed five years ago. The corporation has decided that a greater devoted method is
needed and hires a Compliance and Ethics Officer. Which of the subsequent moves have to
the brand new Compliance and Ethics Officer take FIRST?
A.) Conduct a compliance and ethics hazard evaluation
B.) Review corporation-wide compliance rules
C.) Perform a statistically legitimate compliance audit
D.) Distribute a compliance schooling packet to employees - ANS-Conduct a compliance
and ethics hazard evaluation
