Practice Test Geeks(CCM) Certified Compliance Manager Practice Test
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CCM Ethics and Whistleblower Protections Flashcards

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

Read the first 6 CCM Ethics and Whistleblower Protections flashcards as text

  1. Under the Sarbanes-Oxley Act (SOX), which employees are protected from retaliation for reporting securities fraud?

    Answer: Employees of publicly traded companies who report violations in good faith

    SOX Section 806 protects employees of publicly traded companies who report suspected securities fraud in good faith from retaliation by their employers.

  2. What is the primary purpose of an anonymous ethics hotline in a compliance program?

    Answer: To provide a safe channel for employees to report compliance concerns without fear of retaliation

    An ethics hotline gives employees a confidential and often anonymous channel to report compliance concerns, reducing fear of retaliation and encouraging reporting.

  3. Which federal agency administers the whistleblower program under the Dodd-Frank Act?

    Answer: Securities and Exchange Commission (SEC)

    The SEC administers the Dodd-Frank whistleblower program, which offers monetary awards and anti-retaliation protections to individuals who report securities law violations.

  4. What does 'retaliation' against a whistleblower typically include?

    Answer: Adverse employment actions such as termination, demotion, or harassment

    Retaliation against whistleblowers includes adverse employment actions such as firing, demotion, pay reduction, or creating a hostile work environment.

  5. What is a 'good faith' report in the context of whistleblower protections?

    Answer: A report made with a reasonable belief that a violation has occurred, even if ultimately unproven

    A good faith report is one made with a reasonable, honest belief that a violation has occurred, even if the concern turns out to be unfounded after investigation.

  6. Which law protects federal government employees who report waste, fraud, or abuse?

    Answer: The Whistleblower Protection Act (WPA)

    The Whistleblower Protection Act protects federal government employees from retaliation when they report waste, fraud, abuse, or violations of law.