CCEP Set 4 Exam Questions with 100% Correct Answers, Exams of Advanced Education

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AiC&Eiprofessionaliinvestigatesiaireportiofisexualiharassment.iTheiincid ent,inoticonstituteiSH,irevealsitheiemployee'simisunderstandingiofithei harassmentipolicy?iWhichiofifollowingishouldibeiFIRSTiinitheicorrectivei actioniplan? A)iConsultioutsideicounsel B)iDiscloseitheiincidentitoitheiEEOC C)iProvideieducationianditrainingionitheipolicy D)iSurveyiemployee'siunderstandingiofitheipolicyi-iCorrectiAnswer- C)iProvideieducationianditrainingionitheipolicy TheiBESTiwayitoipromoteiethicsiandicomplianceistandardsitoithird- partyivendorsiisitoirequire: A)icontractualiagreements B)imandatoryivendoricredentialing C)ivendoricodeioficonducticertifications D)iauditiandimonitoringi-iCorrectiAnswer- C)ivendoricodeioficonducticertifications Severalinewsioutletsihaveireportedionimultipleisexualiharassmenticlaim siinianiorganization.iAniinternaliinvestigationishowsinoichannelsiforirep ortingiwereiused.iWhatishoulditheiC&EiPidoiFIRST?

A)ireinforceicompanyivaluesiwithiemployees B)ieducateialliemployeesionitheiresponsibilityitoireportiviolations C)iConductianiinternaliinvestigationiofitheiallegediviolationsiinitheipress D)iInvestigateiwhoiknewiaboutitheiviolationsi-iCorrectiAnswer- B)ieducateialliemployeesionitheiresponsibilityitoireportiviolations AiC&RiPiisievaluatingianiorganization'siemployeeiHB.iAiconflictiexistsibe tweenitheiCoCianditheihandbook.iHRiisiresponsibleiforitheiHB.iWhichiofi theifollowingiactionsishoulditheiC&EiPitakeifirst.i A)ipostirevisedidocumentsionitheiorganization'siwebsite B)ischeduleitimeiduringitheinextiboardimeetingitoipresentirevisedidocu ments C)iScheduleiaimeetingiwithiHR,igeneralicounsel,ianditheiboarditoidiscussi theiissue D)icontactiHRitoidetermineiifitheiinconsistenciesibetweenitheidocument sicanibeiresolved.i-iCorrectiAnswer- Aicompany'siCoCihasinotibeenireviewedifori 2 iyears.iHRiwantsitoidoubleii t.iTheicomplianceicommitteeimembersiexpressediconcernithatithisiwillir educeiit'sieffectiveness.iWhatiisitheiC&EiPiNEXTistepibeforeiconsolidatin girevisions? A)irequestiguidanceifromitheiboardiofidirectors B)icontractiwithiaiconsultantitoirewriteitheiCoC C)icompareitheicontentioutlineiwithiotheriorganizaions

D)irewriteitheicontentibasedioniFederaliSentencingiGuidelinesi- iCorrectiAnswer- WhichiofitheifollowingiisitheiMOSTiconvincingidemonstrationiofitheieffe ctivenessiofiaicompany'siethicalistandards? A)iimplementationiofianianonymousireportingiandifeedbackisystem B)iterminationiofianiexecutiveiwhoiembezzlediaismalliamountiofimoney C)isuspensioniofianiemployeeiwhoifaileditoicompleteicomplianceitrainin g D)iproductioniofiaiprofessionaliprintediCoCi-iCorrectiAnswer- B)iterminationiofianiexecutiveiwhoiembezzlediaismalliamountiofimoney WhichiofitheifollowingiisiMOSTihelpfuliinideterminingihowiaicompanyipr ioritizesiit'sirisk?i A)ihistoricalidata B)ipoliciesiandiprocedures C)iincentiveiprograms D)imarketicompetitioni-iCorrectiAnswer-A)ihistoricalidata AccordingitoitheiSarbanes- OxleyiAct,iwhichiofitheifollowingicorporateiemployeesicanibeiemployedi byiaicorporation'siauditifirmiduringithei 1 iyeariperiodiprecedingitheiaudit ? A)iCEO

B)iCFO C)iChiefiAccountingiOfficer D)iC&iEiPi-iCorrectiAnswer- SOXiSectioni 206 :iConflictsiofiInterest.iTheiCEO,iController,iCFO,iChiefiAc countingiOfficerioripersoniinianiequivalentipositionicannotihaveibeenie mployedibyitheicompany'siauditifirmiduringithei 1 - yeariperiodiproceedingitheiaudit. Aicomplianceiandiethicsiprofessionaliiniauditingitheiorganization'sicom plianceiwithitheiSarbanes- OxleyiAct.iWhichiofitheifollowingifindingsiindicatesiaiviolation?i A.iTheipubliciaccountingifirmiprovidingiauditiservicesihasihaditheisameia uditipartnerireviewingitheiauditsiforitheipasti 6 iyearsi B.iTheipreviousipubliciaccountingifirmiwasitheipastiemployeriofitheicom pany'sicurrenticontrolleriwhoiparticipatediinianiauditi 4 iyearsiagoi C.iTheipreviousipubliciaccountingifirmiisiprovidingibookkeepingirelatedit oitheiaccountingirecordsiandifinancialistatementsitheyionceiauditedi D.iTheipubliciaccountingiformiprovidingiauditiservicesihasibeenicontract editoiprovideitaxiservicesianditheiengagementiwasipre- approvedibyitheiboari-iCorrectiAnswer- Theileadiauditioricoordinatingipartnerianditheireviewingipartnerimustir otateioffiofitheiauditieveryi 5 iyears Whoidoiyouiworkiwithirecordiretention/imanagementiwith?i- iCorrectiAnswer-Legal-istandardiisi 7 iyearsibuticanivaryibasedionilaw

Whoidoiyouiworkiwithinon-retaliationipoliciesiwith?i-iCorrectiAnswer- WorkiwithiHRionithisipolicyiasiititiesiinitoitheiHRiDisciplineiPolicy WhatiisitheiShermanilaw?i-iCorrectiAnswer- TheiShermaniAntitrustiActirefersitoiailandmarkiU.S.ilawithatibannedibus inessesifromicolludingiorimergingitoiformiaimonopoly. USAiPATRIOTiAct?i-iCorrectiAnswer- toideteriandipunishiterroristiactsiinitheiUnitediStatesiandiarounditheiwo rld TheiAnti-MoneyiLaunderingiActi-iCorrectiAnswer- toihelpidetectiandireportisuspiciousiactivityiincludingitheipredicateioffe nsesitoimoneyilaunderingianditerroristifinancing,isuchiasisecuritiesifrau diandimarketimanipulation. Notificationifromiaitaxiauthorityiconcerningirevocationiofistatusiasiempl oyeesiwereiatiaipoliticalirallyiwhileiwhereitheiriworkiuniforms.iWhatiisit heiFIRSTiaction? A)icontactiaitaxiconsultant B)iidentifyitheiemployeesiinvolved C)idiscussiwithiinternaliauditorsi D)inotifyitheiboardiofidirectors.i-iCorrectiAnswer- A)icontactiaitaxiconsultant

WhatiBESTidescribesitheipurposeiofitrainingibasediuponiriskiassessment ifindings? A)ireduceitheiorganization'silegaliexposure B)ieducateiemployeesionilawsiandiregulations C)ieducateitheiboardionitheicomplianceiprogram D)ireduceitheiorganization'siinsurancei-iCorrectiAnswer- A)iReduceitheiorganization'silegaliexposure Aiproblemiwasifoundiiniairoutineiaccountingiaudit.iCorrectiveiactioniwa sitakenianditheipoliciesiandiproceduresiwereiupdated.iWhichiofitheifollo wingiisitheinextistepiinitheiauditiprocess? A)iReportifindingsitoitheiboardiofidirectors B)iPrepareitheifinalisummaryiandistorageiofitheiauditiresults C)iReviewitheiprocessiafteriaiperiodiofitimeitoidetermineiifitheiproblemii siresolved D)iConductiairiskiassessmentitoiidentifyiotheripossibleiissues.i- iCorrectiAnswer- C)iReviewitheiprocessiafteriaiperiodiofitimeitoidetermineiifitheiproblemii siresolved Dodd-iFrankiWalliStreetiReformiActi-iCorrectiAnswer- Whistlebloweriprotetion

4 iAggravatingifactorsiforiFCPAi-iCorrectiAnswer- •Upper ileveliemployeei"participated,icondonedioriwillfullyiignorantiofi offense •Repeat ioffense •Hinderance itoigovernmentiinvestigation •Pervasive iToleranceiandiawarenessiofiviolation 4 imitigatingifactorsiforiFCPAi-iCorrectiAnswer- •Compliance iprogramiinieffect •Prompt ireportingiofiviolation •Cooperation iwithigovernmentiinvestigation •Accept iresponsibilityiforiviolation Examplesiofisubstantiveipolicies?i-iCorrectiAnswer- COI,iPrivacyiandiSecurity,iExport,iIntellectualiProperty Examplesiofistructuralipolicies?i-iCorrectiAnswer- Writtenipoliciesiandiprocedures Designatedicomplianceiofficeriandicomplianceicommittee Effectiveitrainingiandieducation Effectiveilinesioficommunication Internalimonitoringiandiauditing Enforcementiofistandardsithroughiwell- publicizedidisciplinaryiguidelines

Promptiresponseitoidetectediproblemsithroughicorrectiveiaction QuiiTamiis?i-iCorrectiAnswer- aitypeiofilawsuitibasedionianiancientiwritiinicommonilawithatiallowsiaipr ivateiperson,iknowniasiairelator,itoiprosecuteiailawsuitiforitheigovernm entiandireceiveiaireward. Howimuchitoibudgetiforicomplianceiisibasedion?i-iCorrectiAnswer- Needibasediriskiassessment