Professional Ethics & Compliance Flashcards
7 cards from real CES practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 7 Professional Ethics & Compliance flashcards as text
Under the EAR, exporters are generally required to retain export records for a minimum of:
Answer: 5 years
The EAR requires that all export-related records be retained for five years from the date of the export, re-export, or the filing of the related license application.
An employee who reports suspected export control violations to the government and subsequently faces retaliation from their employer may be protected under:
Answer: Whistleblower protection provisions of the Export Control Reform Act
The Export Control Reform Act of 2018 (ECRA) includes whistleblower protections for employees who report export control violations in good faith.
A conflict of interest arises in export compliance when a compliance officer:
Answer: Has a personal financial stake in a transaction they are responsible for approving
A personal financial interest in a transaction being reviewed creates a conflict of interest that undermines the objectivity required of a compliance officer.
Export compliance training should ideally be provided to:
Answer: All employees whose roles could touch export-controlled activities
Effective compliance programs extend training to all functions that could encounter export-controlled items or transactions, including sales, engineering, finance, and shipping.
Which of the following is the LEAST effective internal control for preventing export compliance violations?
Answer: Relying solely on each employee's individual judgment for every transaction
Relying solely on individual judgment without systematic controls, checklists, or oversight is the least reliable internal control mechanism.
What is the primary purpose of an export compliance 'audit trail'?
Answer: To demonstrate that due diligence was performed and decisions were documented
An audit trail documents the steps taken to evaluate and approve a transaction, providing evidence of due diligence and good-faith compliance in the event of a government inquiry.
A U.S. exporter is offered a gift valued at $500 by a foreign government official who oversees the approval of export permits in that country. Accepting the gift most likely violates:
Answer: The FCPA's anti-bribery provisions if the gift is intended to influence an official action
The FCPA prohibits giving anything of value to a foreign official to influence an official act, and a gift to a permit-approving official can constitute a prohibited payment.