Certified Compliance And Ethics Professional (CCEP: Set 1-4)Certification Study Resources (+120 Q&A)

CCEP: Set 2

A compliance and ethics professional (CEP) is confronted in her office by ten government officials conducting a surprise visit. They demand immediate access to all company documents. Which of the following should the CEP do FIRST?

A. Tell them that it is not a compliance matter.

B. Request a copy of their official authorization.

C. Call a higher authority to request immediate intervention.

D. Permit immediate access [Correct Ans: - C. Call a higher authority to request immediate intervention.

Under best practices, an effective compliance and ethics program calls for

A. maintenance of standards and procedures.

B. risk assessment by an independent consultant.

C. annual review by in-house legal counsel.

D. approval by the internal audit department [Correct Ans: - A. maintenance of standards and procedures.

A company offers free bottled water to all employees in pantry locations throughout the building. A security camera tape reveals an employee putting several cases of water in his trunk. The company's policies state that theft of company property will result in immediate termination. Which of the following should the compliance and ethics professional do FIRST?

A. Terminate the employee because of the company policy violation.

B. Initiate disciplinary action based on the security camera tape.

C. Interview the employee regarding his actions.

D. Report the matter to local law enforcement. [Correct Ans: - C. Interview the employee regarding his actions.

A compliance and ethics professional (CEP) receives a call from an employee in the finance department who is concerned that the company is not complying with document destruction requirements. Which of the following is the CEP's BEST response to the inquiry?

A. Ask the employee to identify the law that was violated.

B. Inform the employee the issue will be reviewed as time permits.

C. Require the finance department to destroy all records immediately.

D. Discuss the document destruction practices with the director of finance. [Correct Ans: - D. Discuss the document destruction practices with the director of finance.

To have an effective program, a compliance and ethics professional must provide training to all employees and

A. the company's highest authority.

B. external auditors.

C. high-value customers.

D. majority shareholders [Correct Ans: - A. the company's highest authority.