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Vatican tasks outside firm EY to check finances [November 18, 2013] VATICAN CITY (AP) — The Vatican has hired another international consulting firm to review its finances as Pope Francis' economic reforms push up a gear. |
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The Vatican said Monday that EY, formerly known
as Ernst & Young, will "verify and consult" on the economic
activity of the Vatican City State administration, which
controls the money-making Vatican Museums, post office and
tax-free department store. Meanwhile, U.S.-based consulting firm, Promontory Financial
Group, has been tasked with overhauling the Vatican's
scandal-marred bank and its other main financial department,
APSA, which controls the Vatican's real estate holdings. In one of his first acts in office, Francis created commissions
of inquiry for the bank and the overall Vatican administration
to cut waste and improve transparency. The commission, which includes an EY employee, recommended EY for the job. Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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