CCEP exam (Compliance)
What are the 7 factors of a Compliance Program?
A CFO discovers the CEO is the use of enterprise funds for non-public prices. The CFO
buried this information inside the enterprise's monetary reviews. The compliance and ethics
professional learns of the state of affairs through the organisation's hotline. Which of the
following have to be the compliance and ethics professional's FIRST reaction?
Which of the subsequent is the MOST powerful manner a compliance and ethics expert can
examine compliance and ethics audit findings?
Which of the subsequent BEST describes the primary role of humans of a compliance and
ethics professional?
A US-based retail corporation has 250 shops in 30 states. Past compliance efforts have
protected a silo-based approach with minimal oversight and the CEO acting because the
Compliance and Ethics Officer. One character in each country posted
compliance-associated facts sent from corporate, but there were no real instructional
periods. Policies and techniques had been developed by company and reviewed five years
ago. The company has determined that a extra 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 threat evaluation
B.) Review organization-extensive compliance guidelines
C.) Perform a statistically valid compliance audit
D.) Distribute a compliance schooling packet to employees
An employee discloses that a supervisor has been verbally abusive. The equal manager has
additionally been sexually harassing numerous employees in his department. The
compliance software requires that findings of harassment be documented and forwarded by
means of the compliance and ethics professional to the CEO with a advice for suitable
subject. Counsel advises that no file be written due to feasible litigation. The compliance and
ethics professional's BEST path of movement is to...
Which of the subsequent is the BEST final results of a compliance and ethics software?
, A compliance and ethics expert gets an anonymous criticism that an employee is receiving
presents from a supplier. An investigation finds the worker isn't always in violation of the
modern gift coverage and the policy has not been reviewed in 5 years. Which of the
subsequent is the compliance and ethics expert's MOST suitable movement?
A trouble became found in a recurring accounting audit. Corrective action turned into taken
and the regulations and methods have been up to date. Which of the following is the
following step within the audit process?
A) Report findings to the board of administrators
B) Prepare the final summary and garage of the audit outcomes
C) Review the system after a period of time to decide if the trouble is resolved
D) Conduct a chance assessment to become aware of different viable troubles.
What is step one inside the audit manner?
What is the second one step within the audit manner?
What is the 0.33 step in the audit method?
What is the fourth step in the audit process?
What is the remaining step within the audit method?
If in the route of their work, CEPs grow to be aware about any selection via their employing
business enterprise which, if carried out, could constitute misconduct, the expert shall:
(A) refuse to consent to the choice
(B) boost the matter, which include the highest governing body, as appropriate
(C) if severe problems stay unresolved after exercise "a" and "b", recall resignation; and
(D) document the decision to public officers when required by regulation
The CEPs ethical obligation below this rule complements the obligation of senior control and
the best governing body to assure themselves "that statistics and reporting systems exist
within the enterprise that are reasonably designed to offer to senior management and to the
board, every inside its scope, to attain knowledgeable judgments regarding each the
organization's compliance with law and it's enterprise overall performance."
Do now not agree to unreasonable limits that might interfere with your expert moral and
felony obligations (e.G. Lack of resources, lack of get admission to)
What are the 7 factors of a Compliance Program?
A CFO discovers the CEO is the use of enterprise funds for non-public prices. The CFO
buried this information inside the enterprise's monetary reviews. The compliance and ethics
professional learns of the state of affairs through the organisation's hotline. Which of the
following have to be the compliance and ethics professional's FIRST reaction?
Which of the subsequent is the MOST powerful manner a compliance and ethics expert can
examine compliance and ethics audit findings?
Which of the subsequent BEST describes the primary role of humans of a compliance and
ethics professional?
A US-based retail corporation has 250 shops in 30 states. Past compliance efforts have
protected a silo-based approach with minimal oversight and the CEO acting because the
Compliance and Ethics Officer. One character in each country posted
compliance-associated facts sent from corporate, but there were no real instructional
periods. Policies and techniques had been developed by company and reviewed five years
ago. The company has determined that a extra 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 threat evaluation
B.) Review organization-extensive compliance guidelines
C.) Perform a statistically valid compliance audit
D.) Distribute a compliance schooling packet to employees
An employee discloses that a supervisor has been verbally abusive. The equal manager has
additionally been sexually harassing numerous employees in his department. The
compliance software requires that findings of harassment be documented and forwarded by
means of the compliance and ethics professional to the CEO with a advice for suitable
subject. Counsel advises that no file be written due to feasible litigation. The compliance and
ethics professional's BEST path of movement is to...
Which of the subsequent is the BEST final results of a compliance and ethics software?
, A compliance and ethics expert gets an anonymous criticism that an employee is receiving
presents from a supplier. An investigation finds the worker isn't always in violation of the
modern gift coverage and the policy has not been reviewed in 5 years. Which of the
subsequent is the compliance and ethics expert's MOST suitable movement?
A trouble became found in a recurring accounting audit. Corrective action turned into taken
and the regulations and methods have been up to date. Which of the following is the
following step within the audit process?
A) Report findings to the board of administrators
B) Prepare the final summary and garage of the audit outcomes
C) Review the system after a period of time to decide if the trouble is resolved
D) Conduct a chance assessment to become aware of different viable troubles.
What is step one inside the audit manner?
What is the second one step within the audit manner?
What is the 0.33 step in the audit method?
What is the fourth step in the audit process?
What is the remaining step within the audit method?
If in the route of their work, CEPs grow to be aware about any selection via their employing
business enterprise which, if carried out, could constitute misconduct, the expert shall:
(A) refuse to consent to the choice
(B) boost the matter, which include the highest governing body, as appropriate
(C) if severe problems stay unresolved after exercise "a" and "b", recall resignation; and
(D) document the decision to public officers when required by regulation
The CEPs ethical obligation below this rule complements the obligation of senior control and
the best governing body to assure themselves "that statistics and reporting systems exist
within the enterprise that are reasonably designed to offer to senior management and to the
board, every inside its scope, to attain knowledgeable judgments regarding each the
organization's compliance with law and it's enterprise overall performance."
Do now not agree to unreasonable limits that might interfere with your expert moral and
felony obligations (e.G. Lack of resources, lack of get admission to)
