VATICAN CITY
Catholic News Agency
By Andrea Gagliarducci
Vatican City, Nov 6, 2014 / 09:51 pm (CNA/EWTN News).- The Vatican’s new financial management policies focused on accountability are described in a handbook delivered by the Secretariat for the Economy last week, an internal bulletin of the secretariat announced on Wednesday.
“Having sound and consistent financial management practices and reporting helps provide a clear framework of accountability for all those entrusted with the resources of the Church,” said Cardinal George Pell, prefect of the Secretariat for the Economy, according to the Nov. 5 bulletin.
The new policies will come into effect Jan. 1, 2015. In the run-up, the Secretariat for the Economy will provide training and support to Vatican and Holy See offices to help implement the new policies.
The manual on the new policies was endorsed by the Council for the Economy, and approved by Pope Francis. Its delivery was accompanied with a leader bearing headings from both the Secretariat and the Council for the Economy.
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