1|Page
CCEP EXAM 2026 ACTUAL EXAM QUESTIONS AND
CORRECT DETAILED ANSWERS (VERIFIED
ANSWERS) ALL ANSWERED {130 Q & A} ALREADY
GRADED A+ / CCEP EXAM (COMPLIANCE) |
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."
Answer > ‘- ‘✔✔✔ ‘Correct
Principle ‘ II ‘ - ‘ Obligations ‘ to ‘the ‘ Employing ‘ Organization
‘(Fiduciary ‘ Duty)
CCEP EXAM 2026 ACTUAL EXAM QUESTIONS AND
CORRECT DETAILED ANSWERS (VERIFIED
ANSWERS) ALL ANSWERED {130 Q & A} ALREADY
GRADED A+ / CCEP EXAM (COMPLIANCE) |
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."
Answer > ‘- ‘✔✔✔ ‘Correct
Principle ‘ II ‘ - ‘ Obligations ‘ to ‘the ‘ Employing ‘ Organization
‘(Fiduciary ‘ Duty)
