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Leo Varadkar: Doctor and Ireland's youngest PM

Leo Varadkar: Doctor and Ireland’s youngest PM

Leo Varadkar: Doctor and Ireland’s youngest PM

LONDON: Leo Varadkar, a 38-year-old Indian physician, scénarienne history Wednesday made the prime minister openly gay young and the first country of Catholic majority, as promised to build a “Republic of opportunity.”

Varadkar, the prime minister of Indian origin in the country, officially took charge of Enda Kenny as Taoiseach, while the Prime Minister as it is known, after a parliamentary vote in Dublin has confirmed as the leader by 57 votes to 50 and 47 Abstentions.

The former family doctor, who is the son of an Irish nurse and a doctor from India, won the leadership of the Fine Gael party earlier this month. He made his rival, Simon Coveney, the party’s second leader.

Speaking to the Dail (Irish Parliament), after his election, Varadkar said: “I was elected to lead but I promise to serve.”
“The government I lead will not be a left or right because these old divisions do not include today’s political challenges. The government has led a new European centers as we seek to build a republic of opportunity,” Varadkar said.

He then traveled to the presidential residence, Aras and Uachtarain where President Michael D. Higgins gave him the stamps to officially confirm his appointment.
Former Taoiseach Kenny Varadkar appointed to succeed him at the beginning of Dail’s proceedings today, saying he would exercise his function with integrity and competence.
“As the country’s youngest holder of the office, he speaks to a new generation of women from Ireland and Ireland,” he said.

“He (Varadkar) represents a modern, diverse and inclusive Ireland and speaks to them like no other, an Ireland in which every person can develop their full potential and live their dreams,” said Kenny.

After winning the party leadership earlier this month, Varadkar had said: “If my choice shows anything, this prejudice has no restriction in this Republic.”
“When my father traveled 5000 miles to build a new home in Ireland, I doubt he ever dreamed his son would become their leader,” he said.

Born in Dublin Ashok Varadkar, a native of Bombay and Irish mother Miriam, were the Irish Minister of Social Welfare and emerged as the most popular choice since he announced his candidacy after Kenny had resigned as prime minister earlier this year.

Varadkar has qualified as a physician at the prestigious Trinity College in Dublin and was elected first counselor at the age of 24 and took place at the Dail in 2007.
Varadkar defeated Coveney Housing Minister in the race for leadership, which took the two-thirds vote of party members, but lost the most popular candidate in the end.
Varadkar emerged as a gay man in 2015, when Ireland became the first country to legalize gay marriage through popular vote.

In a farewell speech, he gave an interview on the radio, said, “This is not something that defines me. I am not a middle-aged Indian politician, a political doctor or a homosexual politician. Define is part of my character I suppose. ”

His family is from Varad in the district of Sindhudurg Maharashta and Leo Varadkar maintained his direct contact from India, an internship at King Edward’s Memorial Hospital in Mumbai.

His partner, Matthew Barrett, is also a doctor.
“Matt is a very special person, someone who is unconditional on my side, who is always great.This is the kind of person who has made me a better person,” Varadkar said recently.

Bank Audit Sundries and Suspense Accounts

  • In case of stationery and stamps the auditor should check the control on custody and issue of stationery items, stamps The auditor should review the process and registers for the same. Stationery items will also include Term deposit receipts drafts, pay orders, cheque books, traveler cheques, Gift Cheques etc.
  • The auditor should offer the suggestions for better control in maintenance and use of stationery.
  • The instances of lost or missing stationery should also be mentioned in the report.
  • In case of Sundries and Suspense Accounts, the auditor should obtain the details of agewise analysis of pending entries in the account, inquire about reason for entry being pending for unreasonable period and assess the position of recoverability of the amount. The auditor should exercise his judgment about making necessary provision against such amounts.
  • In case any unusual items are notices while perusing the account, the auditor should report the same.
  • The auditor should not restrict his checking only to the pending entries, but he should also look into the entries which are squared off during the audit period.

Liabilities – Deposits

  • A deposit accepted from the public is a liability for the bank. Inoperative deposit accounts could be viewed as one of the fraud prone areas. Therefore, there are certain guidelines for operations in inoperative accounts. The auditor should see whether operations in inoperative accounts are carried out as per the guidelines issued. In case the guidelines are not followed, the details of deposits should be given name of the party, the amount due, the due date, the nature of the deposits etc.
  • The auditor should also review the deposit accounts both operative and inoperative to find out whether there are any unusual large movements (whether increase or decrease) in the aggregate deposits held at the year end. In such situation, the explanation from the branch management should be obtained. The movements without proper explanation should be reported in LFAR.
  • The auditor should obtain a list of overdue/ matured deposits at the end of the year. The amount of overdue/matured deposits should be mentioned in LFAR.

Other Liabilities – Bills payable, Sundry Deposits etc.

  • The auditors should obtain age wise details of pending entries in bills payable, sundry Deposits Accounts from the branch management.
  • The details obtained should be scrutinised to find out whether there exists any unusual items or material withdrawal/debits; The auditor should take appropriate view on such items.

Contingent Liabilities

  • The auditor should see that there exists a system which gives a reasonable assurance that all contingent liabilities are identified and properly disclosed.
  • The auditor should mention the list of major items of contingent liabilities (Other than constituent’s liabilities such as guarantees, Letters of Credit, acceptances, endorsements, ) not acknowledged by the branch.
  • The auditor should also obtain representation from branch management that all contingent liabilities have been disclosed and that the disclosed contingent liabilities do not include any contingencies which are likely to result in a loss and which therefore, require consequent adjustments of assets and liabilities.

Profit and Loss Account

  • The auditor should review the system at the branch to compute the discrepancy in interest, discounts or commission and for timely adjustment thereof. The Auditor should see the guidelines of controlling office in this regard.
  • The interest and commission should be checked on test check basis to find out whether there exists proper system to compute them correctly.
  • The income recognition Norms issued by the RBI should be followed at the branch. The auditor should report any deviation in that regard.
  • The report should also mention whether there is a system to estimate and provide interest accrued on the overdue/matured deposits.
  • The auditor should carry out the analytical procedure to find out whether there are any divergent trends in major items of income or expenditure. A suitable explanation should be asked for any divergent trend from the branch management. In case the auditor is not satisfied with the explanation he should mention the same in his report with proper details for the said divergent trend.

 

Books and Records

  • In most of the situations, nowadays, the books are maintained in the computerised environment.
  • If the books are maintained manually, the auditor should peruse them to find out whether they are maintained properly. The balancing is done and it is properly inked out. The books are to be authenticated by proper signatory at the branch.
  • In respect of computerised environment, the hard copies of certain accounts should be printed regularly.
  • The auditor should also mention the extent of computerisation and adequacy of the access and data security measures and other internal controls.
  • The auditor may review the process of creation of new logins, change of password the administrative control to access different files or reports through computerised system. There should be maker checker system.
  • Updating of the master data should be under supervisory control. The modification in the master data should be registered to Branch Manager only.
  • The auditor should also review the contingency
    and disaster recovery plan for the computer system. Timely backups, offsite backups, should be reviewed to understand the backup procedure.
  • The auditor should also mention any suggestion for efficient operation of the computer system.

Reconciliation of control and subsidiary Records

  • The auditor should see whether the subsidiary records are tallied with the control accounts. In case there are differences the same should be reported. He should also mention the date upto which the control and subsidiary records are balanced.

Inter branch Accounts

  • Normally, the inter branch transactions are passed through Head office account. The balance in Head Office Accounts as shown in the statement should be in agreement with the Head office Account in General Ledger. In case of any difference, the reconciliation statement should be obtained. The pending entries should be scrutinised to report whether there is a system of responding the entry promptly.
  • The outstanding debit entries in the Head office

 

 

 

rHAL Expression of Interest for Appointment of Internal Auditors For the period 01st April 2015 to 31st March 2017 for HAL Bangalore complex,

Helicopter Complex and Design Complex, Bangalore

Hindustan Aeronautics Limited (HAL) is a Public Sector Undertaking under the Administrative control of the Ministry of Defence. Bangalore Complex, Helicopter Complex and Design Complex are three of the five Complexes under HAL. These Complexes are engaged in the Design, Manufacture, Repair, Overhaul of Aircraft/Helicopters/Engines and Aircraft accessories. These Complexes have an annual turnover in excess of Rs. 6000 Crores for the year 2013-14.

These Complexes are in the process of appointing CA firms for carrying out the Internal Audit function for each Division / Office separately for the period from 1st April’ 2015 to 31st March’2017). Keeping with the requirements of transparency and equality of opportunity, the HAL Bangalore Complex is seeking to make these appointments on the basis of tenders benchmarked against a minimum viable offer. Interested CA firms may please visit the HAL website at www.hal-india.com under tenders of Aircraft Division for more details and information on how to apply.

For Hindustan Aeronautics Ltd H.K.Prakash

DGM(P&S)-Aircraft, Bangalore