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CCEP: Set 3
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Exam of 9 pages for the course CCEP: Set 3 at CCEP: Set 3 (CCEP: Set 3)
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CCEP: SET 3 100% SOLVED QUESTIONSWITH ANSWERS
jAn organization has just accepted a new business line with plants in Germany and France. The CEO has
asked the compliance and ethics professional (CEP) to evaluate the compliance program to determine
the impact of this change. Which of the following should the CEP consider when evaluating the
company's compliance hotline?
A. Foreign Corrupt Practices Act
B. EU Privacy Directive
C. OECD Convention on Bribery
D. Bank Secrecy Act - B. EU Privacy Directive
The audit committee has asked the compliance and ethics professional (CEP) to include a review of the
commissions for the sales force in the action plan for the next fiscal year. The risk assessment did not
show this as a significant risk area. Which of the following actions should the CEP do FIRST?
A. Revise the risk assessment to increase the significance of the concern.
B. Gather information to determine the priority of this risk. C. Add the commission concern as the first
risk area to be addressed.
D. Ask the CEO to present the issue to the full board of directors. - C. Add the commission concern as the
first risk area to be addressed.
A compliance and ethics professional should FIRST ensure that risks are
A. Eliminated
B. Prioritized
C. Avoided
D. Deferred - B. Prioritized
Which of the following is an essential element of a risk assessment?
A. Provide training
B. Ensure proper discipline.
C. Review number of hotline calls
D. Interview managers - D. Interview managers
A compliance and ethics professional determines that corporate travel expense reports are filled with
mistakes. Which of the following is the BEST way to address this problem? t
, A. Hold mandatory training for all employees required to travel.
B. Recommend termination of employees who submit incorrect expense reports.
C. Hyperlink the policy to the internal corporate compliance website.
D. Send an email to all employees repeating corporate policy on this matter - A. Hold mandatory training
for all employees required to travel.
A compliance and ethics work plan should be developed:
A. Based upon a risk assessment.
B. By legal counsel
C. With oversight by internal audit.
D. At least quarterly - A. Based upon a risk assessment.
Because of the changes in management and acquisitions, a company has gone from being a domestic
manufacturing business to a global services business. The board of directors has revised the company's
mission, vision and values to reflect these changes in operations. Which of the following should the
compliance and ethics professional do FIRST?
A. Conduct an operational audit.
B. Perform a risk assessment
C. Determine staffing requirements
D. Develop new training - B. Perform a risk assessment
A compliance and ethics professional (CEP) directly reports to the compliance and audit committee of
the board with an indirect report to the CEO. The predominant expertise of the new board members is in
finance, and they have recommended that the compliance budget for training, external audits, and legal
expense be reduced significantly. Which of the following is the BEST response by the CEP?
A. Request reconsideration of the reduction
B. Reformulate the budget to present at the next board meeting.
C. Educate the board on their oversight responsibility.
D. Accept the recommendation by the board - C. Educate the board on their oversight responsibility.
Before collaborating with industry groups, trade associations, and other competitors to institute best
practices, which of the following policies and rules should be reviewed?
A. Privacy
B. Anti-corruption
C. Employment
D. Competition - D. Competition
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