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within the wake of a scathing file that branded the metropolis of Santa Fe’s one-person inner Audit branch as ineffective and incompetent, the metropolis is relocating ahead with a plan to outsource all audit features in the upcoming fiscal 12 months.
The city Finance Committee endorsed a advice Monday by using the advisory Audit Committee to appoint an “external qualified auditing firm.”
“The Audit Committee interviewed two audit corporations last month to collect counsel on scope of functions, approach and value,” Renée Martínez, deputy metropolis manager, referred to in an e mail to the brand new Mexican. “If six audits are achieved in [fiscal year 2018-19], the annual can charge is in the latitude of $150,000.”
The Audit Committee suggestion follows an analogous suggestion from Albuquerque-primarily based McHard Accounting Consulting, which closing yr conducted a fraud assessment record on behalf of the metropolis that suggested that internal audit services be shifted “to an accounting company with the acceptable experience and certifications.”
“the first aspect that the Audit Committee would love to do is to employ an audit company to comprehensive a possibility evaluation and put together an audit plan that [the Audit Committee] would approve,” Martínez advised metropolis councilors. “That audit plan would specify the audits that [the Audit Committee] wanted to comprehensive in a one- to 2-yr time body.”
The consulting enterprise, which concluded that city hall is ripe for fraud, found that a contributing factor to a host of insufficient inner controls “is an interior auditor’s office which didn't uncover or tackle many obvious concerns over the years.”
The metropolis’s interior auditor, Liza Kerr, quietly resigned in April. Kerr, whose complete annual working budget was $210,000, about half of which paid her salary and benefits, objected to the fraud evaluation document’s findings that her office had not sufficiently identified economic concerns or a lack of interior controls.
“each audit I actually have mentions there’s no guidelines and methods right through the metropolis — it’s certainly one of my repeat findings in every audit I’ve ever had,” she pointed out final yr. “It comes up over and over.”
The document mentioned Kerr become “loath to talk over with” city hall and referred to she preferred what the record called her “somewhat homey” far flung workplace, where she had install a yoga studio space and, when accountants visited, changed into preparing to roast root vegetables in an oven.
After the McHard record got here out, former Mayor Javier Gonzales brought a measure to dissolve the city’s internal Audit department, though that resolution became later withdrawn and replaced with an ordinance change that gave the Audit Committee more vigor.
Efforts to attain Kerr for remark have been unsuccessful. In her resignation letter, Kerr referred to she realized a great deal working on the city.
“I consider that the work I did in Santa Fe made a difference and helped carry to mild vital considerations with recommendations that were achievable and designed to increase the efficiency and effectiveness of the departments and divisions audited,” she wrote.
The city has no immediate plans to replace Kerr.
“The deputy metropolis supervisor and finance director are proposing assist to the Audit Committee in the interim,” Martínez wrote.
Westlake Ace Hardware is once again partnering with the Salvation military to provide enthusiasts to individuals in eco-friendly nation.
each year, Westlake says it collects donations from shoppers to buy container enthusiasts for adults with disabilities, certified families with babies, and seniors to help them reside cool.
8/three/2018 connected Story: Tulsa Westlake Ace Hardware Donates lovers To americans In want Amid heat Wave
“We’ve been doing this for six years and this has outdone ultimate year,” noted Salvation military important Mark Gilliam.
Westlake accumulated greater than $4,000 from Tulsa-enviornment customers. That funds became used to buy virtually four hundred enthusiasts that might be delivered this week.
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Indonesia’s Coordinating Minister for Maritime Affairs, Luhut Binsar Pandjaitan, and CEO of Qatar investment Authority (QIA) HE Sheikh Abdulla bin Mohamed bin Saud al-Thani have signed a Memorandum of figuring out (MoU) so one can see QIA investing up to $500mn to increase tourism in the south-east Asian nation.
beneath the MoU, QIA will invest the money in a sequence of projects to improve tourism within Indonesia’s 'right 10 Tourism precedence locations', a press commentary issued via QIA mentioned. These 10 locations have been recognized to make tourism as the greatest contributor to Indonesian GDP via 2030. The Indonesian Coordinating Ministry for Maritime Affairs (CMMA) will work carefully with QIA to explore and consider advantage funding development opportunities in the 10 destinations.The MoU additionally makes it possible for QIA to invite different co-investors to be a part of the undertaking alongside QIA.Pandjaitan praised the MoU, announcing it might quickly music the building of the 10 particular tourism destinations in Indonesia. He stated: “ The signing of this MoU marks a significant step for both international locations’ relationship. This may speed up the development of 10 tourism locations of Indonesia. i'm completely satisfied QIA will take part in helping the construction of Indonesia tourism. i'm very assured through this partnership, with either side’ amazing dedication, this funding cooperation will advantage no longer handiest the nations, but also Indonesian communities around the projected vacationer destinations. i am hoping QIA can delivery to element and put into effect its investment plan in Indonesia. I seem ahead to working along with QIA within the close future.” HE Sheikh Abdulla noted: “i'm delighted to join Minister Luhut Binsar Pandjaitan these days to signal this vital Memorandum of understanding. Indonesia’s plans to build and improve its tourism business presents an exhilarating probability for QIA to grow our mighty portfolio of tourism-connected investments around the globe. We seem to be forward to working with the Coordinating Ministry of Maritime Affairs to establish and strengthen initiatives that will additional establish Indonesia as one of the crucial world’s premier tourist destinations.”Qatar investment Authority became established in 2005 to give a boost to the country's economy by way of diversifying into new asset classes. Its mission is to invest, manage and develop Qatar’s reserves to create long-term price for future generations.
MOSCOW (Reuters) - a decision to fund the purchase of a stake in Russian oil principal Rosneft (ROSN.MM) by the use of loans from European banks was now not positive, Rosneft Chief executive Igor Sechin mentioned, acknowledging for the primary time concerns across the financing of the 2016 deal.
Rosneft Chief govt Igor Sechin attends a session of the St. Petersburg foreign financial forum (SPIEF), Russia may 25, 2018. REUTERS/Sergei Karpukhin
at the end of 2016, Qatari sovereign wealth fund QIA and Swiss trader Glencore (GLEN.L) purchased a 19.5 percent stake in Rosneft from the Russian state for 10.2 billion euros. Half of that quantity changed into lent with the aid of Italian bank Intesa.
Rosneft was in negotiations with China’s CEFC to take over a part of the stake held Glencore and QIA, however those talks collapsed without a deal. In can also this year, QIA modified the terms of its ownership of its stake, buying it outright.
asked concerning the Qatari choice to take the stake into direct ownership, Sechin said in an interview with Russian broadcaster Rossiya 24 that “it turned into a favorable resolution.”
“The issue became that the initial decision to appeal to credit score from European banks is, at the moment, much less positive, and moving to direct ownership will raise effectiveness for the Qatar fund,” Sechin mentioned.
He introduced that dividends for 2018 are anticipated to be higher than in 2017. “expecting that, from the point of view of possessing shares, it’s a good deal more valuable to acquire these dividends yourself than to pay the refinancing expense to banks.”
Sechin did not say in the interview why the financial institution financing turned into no longer effective. Sources advised Reuters closing yr that Intesa has encountered complications syndicating a personal loan to Glencore and Qatar because of a new wave of U.S. sanctions at the time.
In April, Intesa observed its mortgage to finance the 2016 deal, which matures in December 2021, had to be reimbursed as soon as the CEFC deal is closed. It isn't clear what came about with the personal loan after the CEFC deal fell apart.
in the television interview, Sechin observed he did not are expecting a metamorphosis in Rosneft shareholding structure in the close future. Rosneftegaz, Russian state power holding business, owns a little over 50 percent in Rosneft, the place BP (BP.L) holds a different 19.seventy five p.c.
Reporting by using Christian Lowe; Writing by using Katya Golubkova
QIAGEN N.V. QGEN, +0.32% (frankfurt top average:QIA) today announced that its careHPV™ check, one of the vital simplest molecular diagnostics for high-chance human papillomavirus (HPV) designed to monitor ladies in low-resource settings, has been added to the realm fitness firm (WHO) checklist of prequalified in vitro diagnostics (IVDs). HPV is the simple reason for cervical melanoma, so screening girls for the presence of the virus is a important aspect for prevention and early medication of the deadly cancer. The careHPV test was launched globally in 2010 and thru a large number of pilot reviews has confirmed to be a greater delicate choice to cytology and visible inspection based methods for the detection of pre-cancerous phone abnormalities. The WHO’s evidence-based mostly checklist is expected to expand the supply of this essential diagnostic tool in international locations that depend on the global firm’s record in making deciding to buy decisions. The WHO Prequalification status will greatly expand entry to HPV DNA testing to areas of the world with a high burden of cervical cancer.
“The WHO prequalified IVD checklist is a ‘stamp of approval’ for our innovative careHPV test, and this may motivate authorities to adopt effective, totally correct HPV screening for prevention of cervical melanoma in settings with limited healthcare infrastructure,” pointed out Thierry Bernard, Senior vice chairman, Molecular Diagnostics company area, for QIAGEN. “China robotically uses careHPV in rural or low-useful resource areas, and QIAGEN companions with non-governmental groups and fitness ministries in establishing countries. We are expecting the WHO listing to drive further dissemination of this vital tool for girls’s health.”
Please locate the entire press unlock here
View supply edition on businesswire.com: https://www.businesswire.com/news/domestic/20180801005085/en/
source: QIAGEN N.V."> <Property FormalName="PrimaryTwitterHandle" value="@Qiagen
Investor RelationsJohn Gilardi+forty nine 2103 29 11711orDr. Sarah Fakih+49 2103 29 11457e-mail: ir@QIAGEN.comorPublic RelationsDr. Thomas Theuringer+forty nine 2103 29 11826orRobert Reitze+forty nine 2103 29 11676e-mail: pr@QIAGEN.com
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Teacher-Certification [4 Certification Exam(s) ]
The-Open-Group [8 Certification Exam(s) ]
TIA [3 Certification Exam(s) ]
Tibco [18 Certification Exam(s) ]
Trend [1 Certification Exam(s) ]
TruSecure [1 Certification Exam(s) ]
USMLE [1 Certification Exam(s) ]
VCE [6 Certification Exam(s) ]
Veeam [2 Certification Exam(s) ]
Veritas [32 Certification Exam(s) ]
Vmware [57 Certification Exam(s) ]
Wonderlic [1 Certification Exam(s) ]
Worldatwork [2 Certification Exam(s) ]
XML-Master [3 Certification Exam(s) ]
Zend [6 Certification Exam(s) ]
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