VATICAN CITY
The Tablet (UK)
17 June 2016 | by Christopher Lamb
Financial reforms that have already been put in place are irreversible, claims Pope Francis’ treasurer
The financial reforms of the Holy See are “irreversible” and have ensured there are no more “pools of darkness in the Vatican”, the papal treasurer has said.
Cardinal George Pell, who is Prefect of the Secretariat for the Economy, told The Tablet: “The Vatican is committed to transparency, international cooperation and the use of contemporary international standards in financial reporting.”
He pointed out, however, that the “full implementation of such changes will take time” and that work needed to be done to bring expenditure under control.
Last week, the Holy See announced that an audit by PricewaterhouseCooopers (PwC) would no longer take place and they would instead assist an internal Auditor General with the work.
Cardinal Pell, who helped commission the original audit from PwC, said the new arrangement “is not a rejection of financial reform” but instead “a recognition that the many challenges in transitioning to full implementation must fit the context and a way forward is being found.”
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