Ccep Exam (Compliance) Questions And Answers

CCEP EXAM (COMPLIANCE)
QUESTIONS AND ANSWERS

Whatsaresthes7selementssofsasCompliancesProgram?s-sans--
1.sStandardssofsConduct/PoliciessandsProcedures,s2.sCompliancesOfficersandsCompliance
sCommittee,s3.sEducation/Training,s4.sMonitoring/Auditing,s5.sReportingsandsInvestigating,

s6.sEnforcementsandsDiscipline,s7.sResponsesandsPrevention




AsCFOsdiscoverssthesCEOsissusingscompanysfundssforspersonalsexpenses.sThesCFOsburie
dsthissinformationsinsthescompany'ssfinancialsreports.sThescompliancesandsethicssprofessio
nalslearnssofsthessituationsthroughsthescompany'sshotline.sWhichsofsthesfollowingsshouldsbes
thescompliancesandsethicssprofessional'ssFIRSTsresponse?s-sans--
Investigatestosverifysthesallegation

WhichsofsthesfollowingsissthesMOSTseffectiveswaysascompliancesandsethicssprofessionalsca
nsevaluatescompliancesandsethicssauditsfindings?s-sans--
Conductstrendsanalysissonsidentifiedsrisksareassandsbenchmarksresultssagainstsindustryssta
ndards

WhichsofsthesfollowingsBESTsdescribessthesprimarysrolesofspeoplesofsascompliancesandsethi
cssprofessional?s-sans--
Promotessasculturesofscompliancesandsethicssthroughoutsthesorganization

AsUS-
basedsretailscompanyshass250sstoressins30sstates.sPastscomplianceseffortsshavesincludedsa
ssilo-

basedsapproachswithsminimalsoversightsandsthesCEOsactingsassthesCompliancesandsEthics
sOfficer.sOnespersonsinseachsstatespostedscompliance-

relatedsinformationssentsfromscorporate,sbutstheresweresnosactualseducationalssessions.sP
oliciessandsproceduressweresdevelopedsbyscorporatesandsrevieweds5syearssago.sThesorga
nizationshassdecidedsthatsasmoresdedicatedsapproachsissneededsandshiressasCompliancesa
ndsEthicssOfficer.sWhichsofsthesfollowingsactionssshouldsthesnewsCompliancesandsEthicssOf
ficerstakesFIRST?

A.)sConductsascompliancesandsethicssrisksassessments
B.)sReviewsorganization-widescompliancespolicies
C.)sPerformsasstatisticallysvalidscompliancesaudit
D.)sDistributesascompliancestrainingspacketstosemployeess-sans--
Conductsascompliancesandsethicssrisksassessment

Ansemployeesdisclosessthatsassupervisorshassbeensverballysabusive.sThessamessupervisor
shassalsosbeenssexuallysharassingsseveralsemployeessin shissdepartment.sThescompliances

, programsrequiressthatsfindingssofsharassmentsbesdocumentedsandsforwardedsbysthescompl
iancesandsethicssprofessionalstosthesCEOswithsasrecommendationsforsappropriatesdisciplin
e.sCounselsadvisessthatsnosreportsbeswrittensbecausesofspossibleslitigation.sThescomplianc
esandsethicssprofessional'ssBESTscoursesofsactionsissto...s-sans--
Askscounselstospreparestheswrittensreport

WhichsofsthesfollowingsissthesBESTsoutcomesofsascompliancesandsethicssprogram?s-sans--
Mitigatingsrisk

Ascompliancesandsethicssprofessionalsreceivessansanonymousscomplaintsthatsansemploye
esissreceivingsgiftssfromsasvendor.sAnsinvestigationsfindssthesemployeesissnotsinsviolationsofst
hescurrentsgiftspolicysandsthespolicyshassnotsbeensreviewedsinsfivesyears.sWhichsofsthesfollo
wingsissthescompliancesandsethicssprofessional'ssMOSTsappropriatesaction?s-sans--
Benchmarksforsvendorsrelationsbestspractices

Asproblemswassfoundsinsasroutinesaccountingsaudit.sCorrectivesactionswasstakensandsthespo
liciessandsproceduressweresupdated.sWhichsofsthesfollowingsissthesnextsstepsinsthesauditspro
cess?
A)sReportsfindingsstosthesboardsofsdirectors
B)sPreparesthesfinalssummarysandsstoragesofsthesauditsresults
C)sReviewsthesprocesssaftersasperiodsofstimestosdeterminesifsthesproblemsissresolved
D)sConductsasrisksassessmentstosidentifysotherspossiblesissues.s-sans--
Reviewsthesprocesssaftersasperiodsofstimestosdeterminesifsthesproblemsissresolved.

Whatsissthesfirstsstepsinsthesauditsprocess?s-sans--Identifysasproblem

Whatsissthessecondsstepsinsthesauditsprocess?s-sans--Takescorrectivesaction

Whatsissthesthirdsstepsinsthesauditsprocess?s-sans--Updatespoliciess&sprocedures

Whatsissthesfourthsstepsinsthesauditsprocess?s-sans--
Communicateschanges(s)stosaffectedsparties

Whatsisstheslastsstepsinsthesauditsprocess?s-sans--
Reviewsprocesssandsdocumentationsaftersasperiodsofstimestosensuressuccess.

Ifsinsthescoursesofstheirswork,sCEPssbecomesawaresofsanysdecisionsbystheirsemployingsorga
nizationswhich,sifsimplemented,swouldsconstitutesmisconduct,sthesprofessionalsshall:
(A)srefusestosconsentstosthesdecision
(B)sescalatesthesmatter,sincludingstheshighestsgoverningsbody,sassappropriate
(C)sifsserioussissuessremainsunresolvedsaftersexercisings"a"sands"b",sconsidersresignation;s
ands
(D)sreportsthesdecisionstospublicsofficialsswhensrequiredsbyslaws-sans--Principles1s-
sObligationsstosthesPublics(SCCEsCodesofsProfessionalsEthics)