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Friday 26 May 2017

Vatican engages outside auditor amid economic reforms

The Vatican has long been known for its secretive banking and other financial practices
The Vatican has long been known for its secretive banking and other financial practices

The Vatican has engaged an outside auditor for its consolidated financial statements as part of economic reforms.

The Holy See said it has chosen PricewaterhouseCoopers, which will get to work immediately on the 2015 audit.

Turning to an outside auditor puts the Vatican, long known for its secretive banking and other financial practices, more in line with international standards.

Pope Francis has pledged to reform the Holy See's financial practices as well as root out corruption and inefficiency at the headquarters of the Roman Catholic Church.

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