CCEP exam (Compliance)
What are the 7 factors of a Compliance Program?
1. Standards of Conduct/Policies and Procedures, 2. Compliance Officer and Compliance
Committee, three. Education/Training, 4. Monitoring/Auditing, 5. Reporting and Investigating,
6. Enforcement and Discipline, 7. Response and Prevention
A CFO discovers the CEO is using organisation budget for non-public expenses. The CFO
buried this records in the agency's monetary reviews. The compliance and ethics
professional learns of the state of affairs thru the corporation's hotline. Which of the
subsequent must be the compliance and ethics professional's FIRST reaction?
Investigate to verify the allegation
Which of the subsequent is the MOST effective way a compliance and ethics expert can
evaluate compliance and ethics audit findings?
Conduct trend evaluation on recognized chance regions and benchmark consequences
towards industry requirements
Which of the subsequent BEST describes the primary position of humans of a compliance
and ethics expert?
Promotes a culture of compliance and ethics at some point of the company
A US-based totally retail enterprise has 250 stores in 30 states. Past compliance efforts
have included a silo-based method with minimum oversight and the CEO acting because the
Compliance and Ethics Officer. One man or woman in each country posted
compliance-related information despatched from corporate, however there have been no
real educational sessions. Policies and strategies had been evolved through corporate and
reviewed five years in the past. The business enterprise has determined that a extra
committed technique is wanted and hires a Compliance and Ethics Officer. Which of the
subsequent moves should the brand new Compliance and Ethics Officer take FIRST?
A.) Conduct a compliance and ethics chance evaluation
B.) Review agency-huge compliance guidelines
C.) Perform a statistically valid compliance audit
D.) Distribute a compliance schooling packet to employees
Conduct a compliance and ethics hazard evaluation
An employee discloses that a manager has been verbally abusive. The equal supervisor has
additionally been sexually harassing numerous employees in his department. The
, compliance software calls for that findings of harassment be documented and forwarded by
using the compliance and ethics expert to the CEO with a recommendation for suitable
subject. Counsel advises that no document be written due to feasible litigation. The
compliance and ethics expert's BEST route of movement is to...
Ask counsel to prepare the written file
Which of the following is the BEST final results of a compliance and ethics program?
Mitigating danger
A compliance and ethics expert receives an nameless criticism that an employee is receiving
gifts from a seller. An research unearths the employee is not in violation of the present day
gift coverage and the policy has not been reviewed in 5 years. Which of the following is the
compliance and ethics expert's MOST suitable movement?
Benchmark for vendor relation pleasant practices
A trouble became located in a routine accounting audit. Corrective motion become taken and
the policies and techniques were up to date. Which of the following is the subsequent step
inside the audit process?
A) Report findings to the board of administrators
B) Prepare the very last summary and garage of the audit results
C) Review the process after a period of time to decide if the problem is resolved
D) Conduct a danger evaluation to perceive different feasible issues.
Review the technique after a time frame to determine if the trouble is resolved.
What is step one within the audit manner?
Identify a trouble
What is the second step in the audit technique?
Take corrective motion
What is the 0.33 step within the audit process?
Update regulations & approaches
What is the fourth step in the audit procedure?
Communicate adjustments(s) to affected parties
What is the ultimate step within the audit process?
Review procedure and documentation after a period of time to make certain fulfillment.
What are the 7 factors of a Compliance Program?
1. Standards of Conduct/Policies and Procedures, 2. Compliance Officer and Compliance
Committee, three. Education/Training, 4. Monitoring/Auditing, 5. Reporting and Investigating,
6. Enforcement and Discipline, 7. Response and Prevention
A CFO discovers the CEO is using organisation budget for non-public expenses. The CFO
buried this records in the agency's monetary reviews. The compliance and ethics
professional learns of the state of affairs thru the corporation's hotline. Which of the
subsequent must be the compliance and ethics professional's FIRST reaction?
Investigate to verify the allegation
Which of the subsequent is the MOST effective way a compliance and ethics expert can
evaluate compliance and ethics audit findings?
Conduct trend evaluation on recognized chance regions and benchmark consequences
towards industry requirements
Which of the subsequent BEST describes the primary position of humans of a compliance
and ethics expert?
Promotes a culture of compliance and ethics at some point of the company
A US-based totally retail enterprise has 250 stores in 30 states. Past compliance efforts
have included a silo-based method with minimum oversight and the CEO acting because the
Compliance and Ethics Officer. One man or woman in each country posted
compliance-related information despatched from corporate, however there have been no
real educational sessions. Policies and strategies had been evolved through corporate and
reviewed five years in the past. The business enterprise has determined that a extra
committed technique is wanted and hires a Compliance and Ethics Officer. Which of the
subsequent moves should the brand new Compliance and Ethics Officer take FIRST?
A.) Conduct a compliance and ethics chance evaluation
B.) Review agency-huge compliance guidelines
C.) Perform a statistically valid compliance audit
D.) Distribute a compliance schooling packet to employees
Conduct a compliance and ethics hazard evaluation
An employee discloses that a manager has been verbally abusive. The equal supervisor has
additionally been sexually harassing numerous employees in his department. The
, compliance software calls for that findings of harassment be documented and forwarded by
using the compliance and ethics expert to the CEO with a recommendation for suitable
subject. Counsel advises that no document be written due to feasible litigation. The
compliance and ethics expert's BEST route of movement is to...
Ask counsel to prepare the written file
Which of the following is the BEST final results of a compliance and ethics program?
Mitigating danger
A compliance and ethics expert receives an nameless criticism that an employee is receiving
gifts from a seller. An research unearths the employee is not in violation of the present day
gift coverage and the policy has not been reviewed in 5 years. Which of the following is the
compliance and ethics expert's MOST suitable movement?
Benchmark for vendor relation pleasant practices
A trouble became located in a routine accounting audit. Corrective motion become taken and
the policies and techniques were up to date. Which of the following is the subsequent step
inside the audit process?
A) Report findings to the board of administrators
B) Prepare the very last summary and garage of the audit results
C) Review the process after a period of time to decide if the problem is resolved
D) Conduct a danger evaluation to perceive different feasible issues.
Review the technique after a time frame to determine if the trouble is resolved.
What is step one within the audit manner?
Identify a trouble
What is the second step in the audit technique?
Take corrective motion
What is the 0.33 step within the audit process?
Update regulations & approaches
What is the fourth step in the audit procedure?
Communicate adjustments(s) to affected parties
What is the ultimate step within the audit process?
Review procedure and documentation after a period of time to make certain fulfillment.
