A compliance and ethics professional (CEP) is confronted in her office by ten government
officials conducting a surprise visit. They demand immediate access to all company
documents. Which of the following should the CEP do FIRST?
A. Tell them that it is not a compliance matter.
B. Request a copy of their official authorization.
C. Call a higher authority to request immediate intervention.
D. Permit immediate access - ANSWER C. Call a higher authority to request immediate
intervention.
Under best practices, an effective compliance and ethics program calls for
A. maintenance of standards and procedures.
B. risk assessment by an independent consultant.
C. annual review by in-house legal counsel.
D. approval by the internal audit department - ANSWER A. maintenance of standards
and procedures.
A company offers free bottled water to all employees in pantry locations throughout the
building. A security camera tape reveals an employee putting several cases of water in his
trunk. The company's policies state that theft of company property will result in immediate
termination. Which of the following should the compliance and ethics professional do FIRST?
A. Terminate the employee because of the company policy violation.
B. Initiate disciplinary action based on the security camera tape.
C. Interview the employee regarding his actions.
D. Report the matter to local law enforcement. - ANSWER C. Interview the employee
regarding his actions.
1
, A compliance and ethics professional (CEP) receives a call from an employee in the finance
department who is concerned that the company is not complying with document
destruction requirements. Which of the following is the CEP's BEST response to the inquiry?
A. Ask the employee to identify the law that was violated.
B. Inform the employee the issue will be reviewed as time permits.
C. Require the finance department to destroy all records immediately.
D. Discuss the document destruction practices with the director of finance. -
ANSWER D. Discuss the document destruction practices with the director of finance.
To have an effective program, a compliance and ethics professional must provide training to
all employees and
A. the company's highest authority.
B. external auditors.
C. high-value customers.
D. majority shareholders - ANSWER A. the company's highest authority.
An effective organizational code of conduct should include
A. where to seek help and clarification when in doubt.
B. a requirement for an annual baseline audit.
C. a list of officers and directors.
D. periodic compliance training. - ANSWER A. where to seek help and clarification
when in doubt.
A compliance and ethics professional is asked to provide the company's board of directors
with a quarterly compliance report. Which of the following should the report include?
A. review of key organizational compliance accomplishments
B. extensive report on a fraud investigation conducted by counsel
C. summary of every call to the company's compliance hotline
2
officials conducting a surprise visit. They demand immediate access to all company
documents. Which of the following should the CEP do FIRST?
A. Tell them that it is not a compliance matter.
B. Request a copy of their official authorization.
C. Call a higher authority to request immediate intervention.
D. Permit immediate access - ANSWER C. Call a higher authority to request immediate
intervention.
Under best practices, an effective compliance and ethics program calls for
A. maintenance of standards and procedures.
B. risk assessment by an independent consultant.
C. annual review by in-house legal counsel.
D. approval by the internal audit department - ANSWER A. maintenance of standards
and procedures.
A company offers free bottled water to all employees in pantry locations throughout the
building. A security camera tape reveals an employee putting several cases of water in his
trunk. The company's policies state that theft of company property will result in immediate
termination. Which of the following should the compliance and ethics professional do FIRST?
A. Terminate the employee because of the company policy violation.
B. Initiate disciplinary action based on the security camera tape.
C. Interview the employee regarding his actions.
D. Report the matter to local law enforcement. - ANSWER C. Interview the employee
regarding his actions.
1
, A compliance and ethics professional (CEP) receives a call from an employee in the finance
department who is concerned that the company is not complying with document
destruction requirements. Which of the following is the CEP's BEST response to the inquiry?
A. Ask the employee to identify the law that was violated.
B. Inform the employee the issue will be reviewed as time permits.
C. Require the finance department to destroy all records immediately.
D. Discuss the document destruction practices with the director of finance. -
ANSWER D. Discuss the document destruction practices with the director of finance.
To have an effective program, a compliance and ethics professional must provide training to
all employees and
A. the company's highest authority.
B. external auditors.
C. high-value customers.
D. majority shareholders - ANSWER A. the company's highest authority.
An effective organizational code of conduct should include
A. where to seek help and clarification when in doubt.
B. a requirement for an annual baseline audit.
C. a list of officers and directors.
D. periodic compliance training. - ANSWER A. where to seek help and clarification
when in doubt.
A compliance and ethics professional is asked to provide the company's board of directors
with a quarterly compliance report. Which of the following should the report include?
A. review of key organizational compliance accomplishments
B. extensive report on a fraud investigation conducted by counsel
C. summary of every call to the company's compliance hotline
2
