CERTIFIED COMPLIANCE AND ETHICS PROFESSIONAL (CCEP) CERTIFICATION EXAM LATEST 2024 WITH UPDATED QUESTIONS AND DETAILED CORRECT ANSWERS (ALREADY GRADED A+)

CERTIFIED COMPLIANCE AND ETHICS
PROFESSIONAL (CCEP) CERTIFICATION
EXAM LATEST 2024 WITH UPDATED
QUESTIONS AND DETAILED CORRECT
ANSWERS (ALREADY GRADED A+)
A US-based retail company has 250 stores in 30 states. Past
compliance efforts have included a silo-based approach with
minimal oversight and the CEO acting as the Compliance and
Ethics Officer. One person in each state posted compliancerelated information sent from corporate, but there were no actual
educational sessions. Policies and procedures were developed by
corporate and reviewed 5 years ago. The organization has
decided that a more dedicated approach is needed and hires a
Compliance and Ethics Officer. Which of the following actions
should the new Compliance and Ethics Officer take FIRST?
A.) Conduct a compliance and ethics risk assessment
B.) Review organization-wide compliance policies
C.) Perform a statistically valid compliance audit
D.) Distribute a compliance training packet to employees -
ANSWER-Conduct a compliance and ethics risk assessment
An employee discloses that a supervisor has been verbally
abusive. The same supervisor has also been sexually harassing
several employees in his department. The compliance program
requires that findings of harassment be documented and
forwarded by the compliance and ethics professional to the CEO
2 | P a g e
with a recommendation for appropriate discipline. Counsel
advises that no report be written because of possible litigation.
The compliance and ethics professional's BEST course of action
is to... - ANSWER-Ask counsel to prepare the written report
Which of the following is the BEST outcome of a compliance and
ethics program? - ANSWER-Mitigating risk
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? - ANSWER-Benchmark for vendor
relation best practices
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. -
ANSWER-Review the process after a period of time to determine
if the problem is resolved.
What are the 7 elements of a Compliance Program? - ANSWER1. 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