CCEP Standards, Policies & Procedures 5

Question 1

What is the main risk of having too many overly detailed compliance procedures?

Accepted Answer

Procedures may become outdated faster and employees may focus on technical compliance over ethical intent

Answer

Overly prescriptive procedures can create 'checkbox compliance,' cause frequent obsolescence, and cause employees to lose sight of the underlying ethical purpose.

Question 2

Which principle should guide the prioritization of which policies to develop first in a new compliance program?

Accepted Answer

Risk-based prioritization, addressing highest-risk areas before lower-risk ones

Answer

A risk-based approach ensures that limited compliance resources are directed toward the areas of greatest potential harm or regulatory exposure first.

Question 3

An employee follows a procedure exactly as written but still causes a compliance violation. What does this most likely indicate?

Accepted Answer

The procedure itself is flawed or outdated and needs revision

Answer

If following a procedure correctly still produces a violation, the procedure fails to adequately implement the underlying policy and must be corrected.

Question 4

What distinguishes 'mandatory' training from 'recommended' training in communicating compliance policies?

Accepted Answer

Mandatory training is required for all applicable employees and tracked for completion; recommended training is optional

Answer

Mandatory training is a required compliance control with tracked completion rates, while recommended training is voluntary and not tracked for accountability purposes.

Question 5

How does the CCEP Body of Knowledge suggest handling a situation where local law prohibits disclosing details required by a global company policy?

Accepted Answer

Document the legal conflict, seek legal counsel, and implement a local variance while notifying appropriate governance bodies

Answer

When local law conflicts with global policy, the proper response is to document the conflict, obtain legal guidance, create a documented local variance, and escalate to appropriate oversight.

(CCEP) Certified Compliance and Ethics Professional Practice Test

(CCEP) Certified Compliance and Ethics Professional Practice Test

CCEP Standards, Policies & Procedures 5