100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
Previously searched by you
Certified Compliance and Ethics Professional CCEP Set 1 Latest Update Actual Exam with Questions and 100% Verified Correct Answers Guaranteed A+ At First Attempt Verified By Professor$20.49
Add to cart
Certified Compliance and Ethics Professional CCEP Set 1 Latest Update Actual Exam with Questions and 100% Verified Correct Answers Guaranteed A+ At First Attempt Verified By Professor
0 view 0 purchase
Course
Certified Compliance and Ethics Professional CCEP
Institution
Certified Compliance And Ethics Professional CCEP
Certified Compliance and Ethics Professional CCEP Set 1 Latest Update Actual Exam with Questions and 100% Verified Correct Answers Guaranteed A+ At First Attempt Verified By Professor
Certified Compliance and Ethics Professional
CCEP Set 1 Latest Update 2024-2025 Actual
Exam with Questions and 100% Verified Correct
Answers Guaranteed A+ At First Attempt Verified
By Professor
A company recently created a position for a compliance and ethics professional (CEP).
Which of the following should the new CEP do FIRST?
A. Conduct a gap analysis to determine what components of a compliance and ethics
program currently exist.
B. Schedule an external review of the compliance and ethics program,
C. Develop a work plan for the compliance and ethics program that targets high-risk
areas and regulatory trends.
D. Institute compliance and ethics education for all employees. - CORRECT ANSWER:
A. Conduct a gap analysis to determine what components of a compliance and ethics
program currently exist.
A company uses 5,000 third parties to accomplish business tasks. Which of the
following steps should the compliance and ethics professional take to require third
parties to comply with the company's ethics and compliance standards?
A. Read the third party's code of conduct.
B. Include the standards in the third-party contract.
C. Conduct due diligence on the third party.
D. Communicate the standards to the third part - CORRECT ANSWER: B. Include the
standards in the third-party contract.
A compliance and ethics professional (CEP) determined that the process for recording
high value accounting items was incorrect and has worked with the accounting
department to develop a corrective action plan. Which of the following should the CEP
do NEXT?
A. Require quarterly progress reports.
, B. Schedule an audit in one year.
C. Monitor the implementation
D. Direct the mitigation plan. - CORRECT ANSWER: C. Monitor the implementation
A compliance and ethics professional (CEP) discovers a new hire is the nephew of one
of the company's directors. The director is the chairperson of the compensation
committee. When the CEP asks the CEO if he was aware of this situation, the CEO
explains that the new hire is the "best in the business." Which of the following should
the CEP do FIRST? A. Monitor the new hire's performance to ensure that the employee
is as valuable as promised.
B. Review the conflict of interest policy to determine if an action plan is necessary.
C. Research the new hire's credentials to determine if he is the most qualified.
D. Revise the corporate code of conduct to reflect the CEO's decision. - CORRECT
ANSWER: B. Review the conflict of interest policy to determine if an action plan is
necessary.
A compliance and ethics professional (CEP) has a long list of things that need to be
researched, created, and implemented. Resources must be requested. To proceed and
know what to budget, the CEP should FIRST
A. reduce scope of compliance.
B. develop an annual plan.
C. ask other staff groups for help.
D. ask vendors for their best quotes - CORRECT ANSWER: B. develop an annual plan.
A compliance and ethics professional (CEP) has been asked to assist a department in
establishing a new business line scheduled to be operational in two months. The CEP is
not familiar with the regulatory issues of the business line. Which of the following should
the CEP do FIRST?
A. Ask the department to provide a summary of the functions and operations of the
business line.
B. Request an additional full-time employee to assist the CEP. C. Inform the department
that assistance with the establishment of a business line cannot be provided.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Tutordiligent. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $20.49. You're not tied to anything after your purchase.
