Vatican suspends external audit

Vatican suspends outside audit while reviewing contract…/vaticansuspends-outside-audit-while-reviewin…

12 hours ago – VATICAN CITY (CNS) — Four months after announcing it had hired the firm PricewaterhouseCoopers to conduct an external audit of its finances …

Catholic World News

Vatican suspends external audit

April 20, 2016
A thorough audit of all Vatican offices has been suspended, in a major blow to plans for reform of Vatican financial affairs.
The Secretariat of State has informed Vatican offices that the outside audit, being conducted by the accounting firm of PricewaterhouseCoopers, was being discontinued. The audit was begun in December 2015, after Cardinal George Pell, the prefect of the Secretariat for the Economy, reported that a preliminary inqury into Vatican financial affairs had uncovered the serious undervaluation of assets, as well as unsupervised spending that created opportunities for mismanagement and corruption.
Cardinal Pell had pressed energetically for the imposition of regular audits and uniform financial controls, to bring accountability to Vatican financial affairs. His efforts have faced resistance from other offices of the Roman Curia, and the suspension of the PricewaterhouseCoopers audit appears to reflect a setback for the Australian cardinal.
The Italian newspaper Italia Oggi, which broke the news that the audit was being suspended also reported that Antonino D’Anna, who had been considered a candidate to become the new president of the Institute for Religious Works, had removed his name from consideration because of what he described as the “complex situation” at the Vatican bank. Italia Oggi interpreted D’Anna’s statement as a further indication that Cardinal Pell’s position has been weakened, and the financial reforms that he has sought to institute may be in jeopardy.
Cardinal Pell was appointed by Pope Francis in 2014 to head the newly formed Secretariat for the Economy, and given a broad mandate to bring order to Vatican financial affairs. He was appointed to serve a five-year term in that office.

About The Voice Of Bombay's Catholic Laity

Bombay Laity Ezekiel’s Chapter 3 Task as Watchman 17 “Son of man, I have made you a watchman for the people of Israel; so hear the word I speak and give them warning from me. 18 When I say to a wicked person, ‘You will surely die,’ and you do not warn them or speak out to dissuade them from their evil ways in order to save their life, that wicked person will die for[b] their sin, and I will hold you accountable for their blood. 19 But if you do warn the wicked person and they do not turn from their wickedness or from their evil ways, they will die for their sin; but you will have saved yourself.
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