CCEP Certification Practice Exam 2025 – Complete Study Resource

The term "self-reporting" in compliance refers to the act of voluntarily disclosing potential violations to regulatory authorities. This proactive approach can demonstrate a company's commitment to transparency and regulatory compliance. By reporting violations, organizations have the opportunity to address issues before they escalate, potentially mitigating penalties and fostering a cooperative relationship with regulatory bodies. It signals to regulators that the company is earnest in correcting its mistakes, which can sometimes lead to more favorable outcomes in enforcement actions.

In contrast, auditing compliance programs regularly focuses on assessing the effectiveness of compliance controls and processes, while an internal review of company policies involves evaluating and updating organizational policies to ensure they align with current laws and best practices. Enforcing compliance discipline pertains to the implementation of consequences for violations, rather than the act of reporting them. Each of these options plays a role in a comprehensive compliance program, but self-reporting specifically emphasizes transparency and rectification of potential compliance issues.