CERTIFIED COMPLIANCE AND ETHICS PROFESSIONAL (CCEP) CERTIFICATION EXAM, PRACTICE EXAM AND STUDY GUIDE LATEST 2024 ACTUAL EXAM 250 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+

CERTIFIED COMPLIANCE AND ETHICS PROFESSIONAL

(CCEP) CERTIFICATION EXAM, PRACTICE EXAM AND

STUDY GUIDE LATEST 2024 ACTUAL EXAM 250 QUESTIONS

AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS)

|ALREADY GRADED A+

CERTIFIED COMPLIANCE AND ETHICS PROFESSIONAL (CCEP) EXAM

A compliance and ethics professional is evaluating an organization's

employee handbook. A conflict exists between the Code of Conduct and

the employee handbook. HR is responsible for the employee handbook.

The documents have been approved by the board of directors. Which of

the following actions should the compliance and ethics professional take

FIRST?

A.) Post revised documents on the organization's website

B.) Schedule a time during the next board meeting to present revised

documents

C.) Schedule a meeting with HR, general counsel, and the board to

discuss the issue

D.) Contact HR to determine if the inconsistencies between the

documents can be resolved - ANSWER- D.) Contact HR to determine if

the inconsistencies between the documents can be resolved

Escalate to the lowest level when possible

A company's Code of Conduct has not been reviewed for over 2 years.

HR recommended adding content that would double its size. The

compliance committee members expressed concern that adding a

significant amount of content could negatively impact its effectiveness.

Which of the following is the compliance and ethics professional's

NEXT step before consolidating revisions?

A.) Request guidance from the board of directors

B.) Contract with a consultant to rewrite the Code of Conduct

C.) Compare the content outline with other organizations

D.) Rewrite the content based on Federal Sentencing Guidelines -

ANSWER- C.) Compare the content outline with other organizations

Benchmarking

Which of the following is the MOST convincing demonstration of the

effectiveness of a company's ethical standards?

A.) Implementation of an anonymous reporting and feedback system

B.) Termination of an executive who embezzled a small amount of

money

C.) Suspension of an employee who failed to complete compliance

training

D.) Production of the organization's professional printed Code of

Conduct - ANSWER- B.) Termination of an executive who embezzled a

small amount of money

A compliance and ethics professional has developed a policy intended to

prohibit employees from paying, offering, or promising to pay officials

of other countries for the purpose of obtaining or maintaining business.

This policy will help the organization comply with the:

A.) Sherman Act

B.) USA Patriot Act

C.) Anti-Money Laundering Act

D.) Foreign Corrupt Practices Act - ANSWER- D.) Foreign Corrupt

Practices Act

A company receives a federal subpoena from the government requesting

all of the company's documents from 1990 to the present. The company's

compliance and ethics professional has been asked to respond to the

subpoena and to advise the company's employees on their role in the

process. Which of the following should the company's compliance and

ethics professional do FIRST?

A.) Obtain documents and determine which to release

B.) Consult with the company's general counsel

C.) Gather documents and turn them over to the government

D.) Notify all employees that all documents must be retained -

ANSWER- B.) Consult with the company's general counsel

Which of the following is MOST helpful in determining how a company

prioritizes its risk?

A.) Historical data

B.) Policies and procedures

C.) Incentive program

D.) Market competition - ANSWER- A.) Historical data

In which of the following would an employee's obligation to report

misconduct MOST likely be discussed?

A.) Job interview

B.) Manager's meeting

C.) New employee orientation

D.) Audit committee meetings - ANSWER- C.) New employee

orientation

According to the Sarbanes-Oxley Act, which of the following corporate

employees can be employed by a corporation's audit firm during the 1-

year period preceding an audit?

A.) CEO

B.) Controller

C.) Chief Accounting Officer