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CCEP Exam 2025 | 130 Verified Questions & Correct
Detailed Answers | Guaranteed Pass
Which of the following is the BEST outcome of a compliance and
ethics program? - ✔✔✔ Correct Answer > Mitigating risk
What are the 7 elements of a Compliance Program? - ✔✔✔ Correct
Answer > 1. Standards of Conduct/Policies and Procedures, 2.
Compliance Officer and Compliance Committee, 3.
Education/Training, 4. Monitoring/Auditing, 5. Reporting and
Investigating, 6. Enforcement and Discipline, 7. Response and
Prevention
A compliance and ethics professional receives an anonymous
complaint that an employee is receiving gifts from a vendor.
An investigation finds the employee is not in violation of the
current gift policy and the policy has not been reviewed in five
years.
Which of the following is the compliance and ethics
professional's MOST appropriate action? - ✔✔✔ Correct Answer >
Benchmark for vendor relation best practices
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A problem was found in a routine accounting audit. Corrective
action was taken and the policies and procedures were updated.
Which of the following is the next step in the audit process?
A) Report findings to the board of directors
B) Prepare the final summary and storage of the audit results
C) Review the process after a period of time to determine if
the problem is resolved
D) Conduct a risk assessment to identify other possible issues. -
✔✔✔ Correct Answer > Review the process after a period of time to
determine if the problem is resolved.
What is the first step in the audit process? - ✔✔✔ Correct Answer >
Identify a problem
What is the second step in the audit process? - ✔✔✔ Correct Answer >
Take corrective action
What is the third step in the audit process? - ✔✔✔ Correct Answer >
Update policies & procedures
What is the fourth step in the audit process? - ✔✔✔ Correct Answer >
Communicate changes(s) to affected parties
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What is the last step in the audit process? - ✔✔✔ Correct Answer >
Review process and documentation after a period of time to
ensure success.
If in the course of their work, CEPs become aware of any
decision by their employing organization which, if implemented,
would constitute misconduct, the professional shall:
(A) refuse to consent to the decision
(B) escalate the matter, including the highest governing body,
as appropriate
(C) if serious issues remain unresolved after exercising "a"
and "b", consider resignation; and
(D) report the decision to public officials when required by law -
✔✔✔ Correct Answer > Principle 1 - Obligations to the Public (SCCE
Code of Professional Ethics)
The CEPs ethical duty under this rule complements the duty of
senior management and the highest governing body to assure
themselves "that information and reporting systems exist in
the organization that are reasonably designed to provide to
senior management and to the board, each within its scope, to
reach informed judgments concerning both the corporation's
compliance with law and it's business performance." - ✔✔✔
Correct
Answer >
Principle II - Obligations to the Employing Organization
(Fiduciary Duty)
CCEP Exam 2025 | 130 Verified Questions & Correct
Detailed Answers | Guaranteed Pass
Which of the following is the BEST outcome of a compliance and
ethics program? - ✔✔✔ Correct Answer > Mitigating risk
What are the 7 elements of a Compliance Program? - ✔✔✔ Correct
Answer > 1. Standards of Conduct/Policies and Procedures, 2.
Compliance Officer and Compliance Committee, 3.
Education/Training, 4. Monitoring/Auditing, 5. Reporting and
Investigating, 6. Enforcement and Discipline, 7. Response and
Prevention
A compliance and ethics professional receives an anonymous
complaint that an employee is receiving gifts from a vendor.
An investigation finds the employee is not in violation of the
current gift policy and the policy has not been reviewed in five
years.
Which of the following is the compliance and ethics
professional's MOST appropriate action? - ✔✔✔ Correct Answer >
Benchmark for vendor relation best practices
,2|Page
A problem was found in a routine accounting audit. Corrective
action was taken and the policies and procedures were updated.
Which of the following is the next step in the audit process?
A) Report findings to the board of directors
B) Prepare the final summary and storage of the audit results
C) Review the process after a period of time to determine if
the problem is resolved
D) Conduct a risk assessment to identify other possible issues. -
✔✔✔ Correct Answer > Review the process after a period of time to
determine if the problem is resolved.
What is the first step in the audit process? - ✔✔✔ Correct Answer >
Identify a problem
What is the second step in the audit process? - ✔✔✔ Correct Answer >
Take corrective action
What is the third step in the audit process? - ✔✔✔ Correct Answer >
Update policies & procedures
What is the fourth step in the audit process? - ✔✔✔ Correct Answer >
Communicate changes(s) to affected parties
, 3|Page
What is the last step in the audit process? - ✔✔✔ Correct Answer >
Review process and documentation after a period of time to
ensure success.
If in the course of their work, CEPs become aware of any
decision by their employing organization which, if implemented,
would constitute misconduct, the professional shall:
(A) refuse to consent to the decision
(B) escalate the matter, including the highest governing body,
as appropriate
(C) if serious issues remain unresolved after exercising "a"
and "b", consider resignation; and
(D) report the decision to public officials when required by law -
✔✔✔ Correct Answer > Principle 1 - Obligations to the Public (SCCE
Code of Professional Ethics)
The CEPs ethical duty under this rule complements the duty of
senior management and the highest governing body to assure
themselves "that information and reporting systems exist in
the organization that are reasonably designed to provide to
senior management and to the board, each within its scope, to
reach informed judgments concerning both the corporation's
compliance with law and it's business performance." - ✔✔✔
Correct
Answer >
Principle II - Obligations to the Employing Organization
(Fiduciary Duty)
