Exam (elaborations)
CCEP EXAM (COMPLIANCE) QUESTIONS AND ANSWERS
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CCEP EXAM (COMPLIANCE) QUESTIONS AND ANSWERS
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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)
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