By Inés San Martín
Vatican correspondent February 27, 2015
ROME — Against a backdrop of controversy over his campaign to clean up Vatican finances, Australian Cardinal George Pell pressed ahead this week by issuing a first-ever set of “closure procedures” to finalize financial reporting for 2014.
Put together by the Secretariat for the Economy in collaboration with an independent auditor, the procedures require all heads of Vatican departments, for the first time, to certify in writing that they’ve provided complete and accurate information.
The procedures were issued by the Secretariat for the Economy on Monday and appeared in an “Informative Bulletin” released by the secretariat on Wednesday.
Designed to “ensure a smooth transition from former accounting policies,” those procedures include confirmation by external banks and financial institutions of the money held by each Vatican department.
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