VATICAN CITY
National Catholic Register
by EDWARD PENTIN
04/20/2016
VATICAN CITY — Just over four months since the Vatican announced that the Vatican would be subjected to an external audit by one of the world’s leading accounting firms, the Secretariat of State has said that it is pulling the plug on the initiative.
The Vatican announced the decision to suspend the audit, carried out by accountancy giant PricewaterhouseCoopers, in a letter sent to all Vatican entities this week.
On Dec. 5, the Vatican revealed that Pope Francis’ had brought in the auditing firm on the advice of the Vatican Secretariat for the Economy in a bid to reform Holy See finances and make them more transparent after a number of scandals. The audit began immediately after the announcement.
News of the audit’s suspension comes as an article appeared in today’s Italia Oggi newspaper alleging that a possible replacement for Jean Baptiste De Franssu, the current president of the Institute for the Works of Religion (IOR), colloquially known as the Vatican Bank, had turned down an offer.
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