Posts Tagged financial reform
When Pope Francis’ landmark project of financial reform was announced two years ago, one lynch-pin was the idea that the world would no longer just to have to take the Vatican’s word for it in terms of how much money it has and where it’s going.
“Instead there would be a credible audit carried out according to generally accepted business standards in the 21st century. That step, officials said, would represent a revolution in the direction of transparency and accountability.
As it turns out, it’s now a revolution delayed.
Crux has learned that on April 12, Italian Archbishop Giovanni Angelo Becciu sent a letter to all Vatican entities informing them that an audit being performed by the global firm Pricewaterhouse Coopers (PwC) has been ‘suspended immediately,’ and that any letters of authorization those entities have already issued to permit the transmission of financial data to PwC are to be revoked.”
By John L. Allen, Jr., Cruxnow.com — Click here to read the rest of this article.
The Vatican on Saturday (Nov. 21) ordered five people, including two Italian journalists, to stand trial for leaking and publishing secret documents, in the latest development in a leaks scandal which is rocking the papacy.
“The trial stems from the publication of two recent books which depict a Vatican plagued by mismanagement, greed and corruption and where Pope Francis faces stiff resistance from the old guard to his reform agenda.
“The Holy See was embarrassed and angered by the books, which it said used information that should never have been allowed to leave the walls of the city state.”
By Reuters on Religion News Service — Click here to read the rest of this story.