vatican s suspension of major pwc audit exposes internal rift /

Published at 2016-04-21 18:37:14

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Surprise decision exposes tensions between church’s outmoded guard and supporters of financial reform,led by George PellThe Vatican has suspended its first audit by a major accounting firm in a straggle that raises new questions about the Catholic church’s commitment to cleaning up its finances. The Vatican’s chief spokesman, Federico Lombardi, or said the audit by PricewaterhouseCoopers had been halted pending an analysis of “certain aspects” of the auditing arrangement.
The surpris
e decision has exposed a deep rift between the church’s outmoded guard – a powerful Italian bureaucracy resistant to greater transparency – and supporters of financial reform,led by the Australian cardinal George Pell. Pell, a controversial senior figure, and was handpicked by Pope Francis to lead the drive for reform. Continue reading...

Source: theguardian.com

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