VATICAN CITY (CNS) — Four months after announcing it had hired the firm PricewaterhouseCoopers to conduct an external audit of its finances, the Vatican has suspended the work underway.
“Issues have emerged regarding the meaning and scope of certain clauses of the contract (with PwC) and their methods of implementation,” said Jesuit Father Federico Lombardi, Vatican spokesman, in a statement April 26.
Shooting down rumors that had been flying around for a week after news of the audit’s suspension broke, Father Lombardi insisted the pause had nothing to do with how PwC staff were conducting the audit and in no way indicated internal Vatican opposition to the audit specifically or to financial transparency in general.
“The commitment to adequate economic and financial auditing remains a priority for the Holy See and for Vatican City State,” he said.
A financial audit of every Vatican office “is so complex that it should not be a surprise that there are things needing clarification,” Father Lombardi told reporters.
The Vatican had announced in early December that the Council for the Economy, “continuing the implementation of new financial management policies and practices in line with international standards,” appointed PwC on the recommendation of its audit committee.
“The suspension of auditing activities is not due to considerations linked to the integrity or quality of the work initiated by PwC, let alone to the intention of one or more entities of the Holy See to block the reforms in progress,” the April statement said. The decision to suspend the audit and study the contract “was taken after suitable consultations between the competent bodies and experts in the field. It is hoped that this phase of reflection and study may take place in an atmosphere of serenity and collaboration.”
Join the CatholicPhilly.com family
CatholicPhilly.com works to strengthen the connections between people, families and communities every day by delivering the news people need to know about the Catholic Church, especially in the Philadelphia region, and the world in which we live.
By your donation in any amount, you and hundreds of other people become part of our mission to inform, form in the Catholic faith and inspire the thousands of readers who visit every month.
Here is how you can help:
- A $100 gift allows us to present award-winning photos of Catholic life in our neighborhoods.
- A $50 gift enables us to cover a news event in a local parish, school or Catholic institution.
- A $20 gift lets us obtain solid faith formation resources that can deepen your spirituality and knowledge of the faith.
- A small, automated monthly donation means you can support us continually and easily.
Won't you consider making a gift today?
Please join in the church's vital mission of communications by offering a gift in whatever amount that you can ― a single gift of $40, $50, $100, or more, or a monthly donation. Your gift will strengthen the fabric of our entire Catholic community and sustain CatholicPhilly.com as your trusted news source. Thank you in advance!
Make your donation by credit card here:
Or make your donation by check:
222 N. 17th Street
Philadelphia, PA 19103