2025/2024 CCEP Practice Exam
Questions [100% Correctly Solved]
Graded A+ *Verified Q&A*
What is the main objective of compliance programs within organizations?
To ensure compliance with laws, regulations, and internal guidelines
Which of the following elements is essential for a successful...
2025/2024 CCEP Practice Exam
Questions [100% Correctly Solved]
Graded A+ *Verified Q&A*
What is the main objective of compliance programs within organizations?
To ensure compliance with laws, regulations, and internal guidelines
Which of the following elements is essential for a successful compliance program?
Strong leadership commitment from the top
What function does risk assessment serve in compliance efforts?
It identifies potential weaknesses and areas at risk for compliance issues
What type of compliance training is generally considered the most effective?
Training that is interactive and based on real-life scenarios
Why are whistleblower protection laws important?
They encourage individuals to report wrongdoing without the fear of retaliation
Which agency primarily enforces the Foreign Corrupt Practices Act (FCPA)?
The U.S. Securities and Exchange Commission (SEC)
What does "due diligence" mean in the realm of compliance?
1
, The thorough investigation of a business relationship or transaction prior to proceeding
What does HIPAA stand for, and what is its relevance in compliance?
Health Insurance Portability and Accountability Act, which regulates health information
privacy
What is the main focus of anti-money laundering (AML) regulations?
To prevent the laundering of illegally acquired funds into legitimate finances
What is the aim of a code of ethics within an organization?
To provide employees with guidance on making ethical decisions and behaving appropriately
Which of the following represents a type of compliance risk?
Non-compliance with industry regulations or standards
What is the compliance officer's responsibility in an organization?
To manage the compliance program and ensure laws and policies are followed
What issue does the Sarbanes-Oxley Act primarily target?
Corporate fraud and accountability in financial reporting
How is "conflict of interest" defined in the context of compliance?
2
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