ISC Regulatory compliance - Effective Compliance Programs - Module 1 Quiz
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1.
Question 1
How has the role of the chief compliance officer (CCO) changed over time? (Hint: There are 2 correct answers).
1 / 1 point
CCOs are increasingly expected to act not as niche specialists, but as top level advisors who understand a company’s business needs.
Correct
CCOs are focusing less on high level compliance in favor of more department-specific compliance.
CCOs are focusing more on legal issues than ever before.
It is more important than ever for CCOs to possess strong interpersonal skills, like listening and problem solving.
Correct
2.
Question 2
Which options help CCOs promote compliance within an organization? (Hint: There are 3 correct answers).
1 / 1 point
Avoiding conflicts of interest
Fostering psychological safety in the workplace
Correct
Ensuring that every employee feels a personal responsibility for complying with relevant rules and regulations
Correct
Ensuring that every employee recognizes and accepts the company’s compliance program
Correct
3.
Question 3
Which of the following is NOT an element codified in the Federal Sentencing Guidelines for building an effective compliance and ethics program?
1 / 1 point
An effective training and awareness program
Exclusion of individuals known, through due diligence, to be engaged in illegal activities or other compliance or ethics-related misconduct
Consistent enforcement through discipline
All of the above are codified in the FSG
Correct
Correct.
4.
Question 4
Which of the following are true statements about compliance? (Hint: There are 2 correct answers).
1 / 1 point
CCOs should conduct risk assessments before crafting risk management policies and procedures.
Correct
CCOs should integrate themselves with and report to business units that face particular compliance challenges.
To avoid confusion, CCOs should report to a singular person or entity, whether it be the CEO or a compliance committee.
Tolerating employee misconduct threatens a company’s attempt to create a “tone at the top” that is conducive to compliance.
Correct
8 апр 2024
