CCEP COMPLIANCE AND ETHICS PROFESSIONAL
EXAM WITH VERIFIED QUESTIONS AND ANSWERS
LATEST UPDATED
A hotline call was received regarding a golf trip involving a sales representative and a
client that allegedly violated company policy. An internal investigation was conducted
and appropriate disciplinary action was taken. Which of the following should the
compliance and ethics professional do NEXT?
A. Provide training on the company's conflict of interest policy.
B. Notify the audit committee chairperson of the violation.
C. Recommend terminating the relationship with the client.
D. Engage employees to draft a compliance and ethics policy. - A. Provide training on
the company's conflict of interest policy.
A compliance and ethics professional (CEP) has been asked to assist a department in
establishing a new business line scheduled to be operational in two months. The CEP is
not familiar with the regulatory issues of the business line. Which of the following should
the CEP do FIRST?
A. Ask the department to provide a summary of the functions and operations of the
business line.
B. Request an additional full-time employee to assist the CEP. C. Inform the
department that assistance with the establishment of a business line cannot be
provided.
D. Refer the matter to internal audit for evaluation of the issues - A. Ask the department
to provide a summary of the functions and operations of the business line.
A compliance and ethics professional (CEP) is asked to evaluate the effectiveness of
the communication channels for reporting concerns. Analysis and benchmarking the
number and type of calls to the company's hotline shows a comparatively low rate of
employee reporting. Managers, the legal department, and Hr are also asked to inform
the compliance department when an employee reports a concern to them. Which of the
following should the CEP do NEXT.
A. request internal audit to test the reporting system.
B. Use a survey to determine if employees fear retaliation.
C. Provide incentives for employees to use the hotline.
, D. Determine if the reporting system violates privacy regulations. - B. Use a survey to
determine if employees fear retaliation
A hotline caller alleges that a business manager in the purchasing department is
accepting gifts from a vendor in violation of company policy. The compliance and ethics
professional (CEP) investigates the allegation and interviews several employees. During
the course of the interviews, an employee admits that she called the hotline, but
requests to remain anonymous. The CEP should inform the employee that her name
will
A. remain anonymous in the investigation.
B. be provided to senior management.
C. be kept confidential to the extent possible.
D. not be released if an official demand is received - A. remain anonymous in the
investigation.
Which of the following individuals should be included any time a team is assembled to
investigate an ethics violation? A. an internal auditor
B. an external consultant
C. a compliance and ethics professional
D. a member of the board's audit committee - C. a compliance and ethics professional
When contracting with third parties, a compliance and ethics professional should FIRST
A. identify any areas of conflict of interest before signing a contract.
B. conduct background checks on all third-party employees. C. ensure the contract is
executed in a timely manner.
D. provide all third-party employees with the organization's compliance policies. - D.
provide all third-party employees with the organization's compliance policies.
An employee believes he might be involved in a possible fraud scheme and tells his
company's compliance and ethics professional (CEP). Which of the following should the
CEP do FIRST?
A. Refer the employee to HR.
B. Ask the CFO for assistance.
C. Send the employee to the privacy officer.
D. Contact legal counsel - D. Contact legal counsel
An employee finds a document at a copy machine containing personal information
about the chairperson of the board of directors. The employee then contacts the
compliance and ethics professional (CEP). Which of the following should the CEP do
FIRST?
A. Review the organization's privacy policy to determine appropriate action.
B. Request that the responsible individual step forward or risk termination.
C. Send a broadcast message to employees informing them of a privacy breach.
EXAM WITH VERIFIED QUESTIONS AND ANSWERS
LATEST UPDATED
A hotline call was received regarding a golf trip involving a sales representative and a
client that allegedly violated company policy. An internal investigation was conducted
and appropriate disciplinary action was taken. Which of the following should the
compliance and ethics professional do NEXT?
A. Provide training on the company's conflict of interest policy.
B. Notify the audit committee chairperson of the violation.
C. Recommend terminating the relationship with the client.
D. Engage employees to draft a compliance and ethics policy. - A. Provide training on
the company's conflict of interest policy.
A compliance and ethics professional (CEP) has been asked to assist a department in
establishing a new business line scheduled to be operational in two months. The CEP is
not familiar with the regulatory issues of the business line. Which of the following should
the CEP do FIRST?
A. Ask the department to provide a summary of the functions and operations of the
business line.
B. Request an additional full-time employee to assist the CEP. C. Inform the
department that assistance with the establishment of a business line cannot be
provided.
D. Refer the matter to internal audit for evaluation of the issues - A. Ask the department
to provide a summary of the functions and operations of the business line.
A compliance and ethics professional (CEP) is asked to evaluate the effectiveness of
the communication channels for reporting concerns. Analysis and benchmarking the
number and type of calls to the company's hotline shows a comparatively low rate of
employee reporting. Managers, the legal department, and Hr are also asked to inform
the compliance department when an employee reports a concern to them. Which of the
following should the CEP do NEXT.
A. request internal audit to test the reporting system.
B. Use a survey to determine if employees fear retaliation.
C. Provide incentives for employees to use the hotline.
, D. Determine if the reporting system violates privacy regulations. - B. Use a survey to
determine if employees fear retaliation
A hotline caller alleges that a business manager in the purchasing department is
accepting gifts from a vendor in violation of company policy. The compliance and ethics
professional (CEP) investigates the allegation and interviews several employees. During
the course of the interviews, an employee admits that she called the hotline, but
requests to remain anonymous. The CEP should inform the employee that her name
will
A. remain anonymous in the investigation.
B. be provided to senior management.
C. be kept confidential to the extent possible.
D. not be released if an official demand is received - A. remain anonymous in the
investigation.
Which of the following individuals should be included any time a team is assembled to
investigate an ethics violation? A. an internal auditor
B. an external consultant
C. a compliance and ethics professional
D. a member of the board's audit committee - C. a compliance and ethics professional
When contracting with third parties, a compliance and ethics professional should FIRST
A. identify any areas of conflict of interest before signing a contract.
B. conduct background checks on all third-party employees. C. ensure the contract is
executed in a timely manner.
D. provide all third-party employees with the organization's compliance policies. - D.
provide all third-party employees with the organization's compliance policies.
An employee believes he might be involved in a possible fraud scheme and tells his
company's compliance and ethics professional (CEP). Which of the following should the
CEP do FIRST?
A. Refer the employee to HR.
B. Ask the CFO for assistance.
C. Send the employee to the privacy officer.
D. Contact legal counsel - D. Contact legal counsel
An employee finds a document at a copy machine containing personal information
about the chairperson of the board of directors. The employee then contacts the
compliance and ethics professional (CEP). Which of the following should the CEP do
FIRST?
A. Review the organization's privacy policy to determine appropriate action.
B. Request that the responsible individual step forward or risk termination.
C. Send a broadcast message to employees informing them of a privacy breach.
