Practice Test Geeks(CCEP) Certified Compliance and Ethics Professional Practice Test
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Compliance & Ethics Program Administration Flashcards

7 cards from real CCEP practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.

Read the first 7 Compliance & Ethics Program Administration flashcards as text

  1. An organization is expanding into a new international market. Which compliance administration step should be taken FIRST?

    Answer: Conduct a jurisdictional risk assessment of applicable laws

    A jurisdictional risk assessment identifies applicable local laws, regulations, and enforcement risks before operational decisions are made.

  2. Which governance structure BEST supports the independence of the compliance function?

    Answer: Compliance officer has direct access to the board or audit committee

    Direct board or audit committee access ensures the compliance function can report objectively without being filtered through business units.

  3. A company's compliance hotline receives a report alleging that a senior executive is engaged in financial fraud. Who should INITIALLY handle this investigation?

    Answer: An independent investigator or external counsel

    Allegations involving senior executives require independent investigation to avoid conflicts of interest and ensure objectivity.

  4. Which element distinguishes a 'values-based' compliance program from a 'rules-based' compliance program?

    Answer: Values-based programs emphasize ethical culture and judgment over rule compliance

    Values-based programs cultivate ethical judgment and culture, while rules-based programs focus primarily on adherence to specific regulations.

  5. Which of the following is an example of a leading indicator in compliance program monitoring?

    Answer: Employee completion rate of compliance training

    Training completion rates are leading indicators that measure proactive compliance efforts before violations occur.

  6. When updating compliance policies to reflect new regulations, what process step is MOST critical before publication?

    Answer: Legal and subject matter expert review and approval

    Legal and SME review ensures policies are accurate, complete, and compliant with the new regulation before employees rely on them.

  7. A compliance officer is asked to present to the board on the state of the compliance program. Which content is MOST important to include?

    Answer: Risk assessment results, key metrics, and open issues requiring board attention

    Board presentations should focus on risk posture, program effectiveness metrics, and matters requiring governance-level decisions.