Pope Francis has announced an external audit of the Vatican’s finances in a bid to bring transparency after millions of Euro’s have gone missing.
The Pope has vowed to radically overhaul the Vatican’s shady financial management, coming up against resistance from senior church officials who wish for the church to maintain tight control over its finances.
BYPASS THE CENSORS
Sign up to get unfiltered news delivered straight to your inbox.
You can unsubscribe any time. By subscribing you agree to our Terms of Use
Yahoo News reports:
Latest Videos
Hunter Biden Emails Reveal He Fathered Child With ANOTHER Prostitute, Left Her Addicted to Narcotics
Lindsey Graham Caught on Tape Saying Joe Biden Is ‘Best President’
Trudeau’s Canada Will Pay Poor People To Be Euthanized
Video Footage Shows Demon at Pro-Abortion Protest
Ghislaine Elite Pedophiles | Ghislaine Maxwell Vows to ‘Name & Shame’ Elite Pedophiles
Queen Elizabeth Is ‘Direct Descendant Of Prophet Muhammad’ - Study
President Biden: ‘Trump Supporters Are Domestic Terrorists’
Democrats Forcing Schools To Put ‘Menstrual Products’ in Boys’ Bathrooms
Woke Far Left Propaganda | Midwives Taught How To Deliver Babies Through ‘Male Genitalia’
Lombardi told reporters that the Vatican’s Secretariat for the Economy had called on PwC, the world’s second-largest audit firm by revenue, to review the Vatican’s consolidated financial statements, which includes assets, income and expenses.
The decision to work with one of the world’s top four auditors continued “the implementation of new financial management policies and practices in line with international standards,” he said.
A Vatican financial statement this year revealed that Vatican departments had stashed away 1.1 billion euros ($1.2 billion) of assets that were not declared on any balance sheet.
The head of the economy secretariat, Cardinal George Pell, said last year that departments had “tucked away” millions of euros and followed “long-established patterns” in jealously managing their affairs without reporting to any central accounting office.
Pope Francis picked Pell, an outsider from the English-speaking world, to oversee the Vatican’s often muddled finances after decades of control by Italian clergy.
Since the pope’s election in March, 2013, the Vatican has enacted major reforms to adhere to international financial standards and prevent money laundering.
