Do you believe it?
I have said for years that its pure insanity that no one has ever been able to look at the banking and finances of this massive institution
Will it be fair/willing to prosecute at the highest levels if the results demand it?
The Vatican has appointed PricewaterhouseCoopers (PwC) to do its first audit to international accounting standards. The audit is part of Pope Francis’ reforms of the Catholic Church's murky financial dealings and allegations of corruption.
PwC will work "in close cooperation" with the Vatican's Secretariat for the Economy, headed by Australian Cardinal George Pell, said a statement.
Two recently published books allege financial fraud at the highest levels of the Holy See.
“This sad fact [the books] will certainly not divert me from the reform work that we are pursuing with my collaborators and with the support of all of you,” Pope Francis said last month.
The Vatican has been trying to regain the trust of investors since 2013, the moment when it was cut off from the international investment. Pope Benedict XVI and continuing with Pope Francis have been hiring external specialists to help the Vatican's ailing finances.
"If we don't know how to look after money, which you can see, how can we look after the souls of the faithful, which you can't see?" Pope Francis allegedly told clerics in 2013.
Before hiring PwC, the Institute for Religious Works, also known as the Vatican Bank, called KPMG to audit its accounts. Two men caught with $4.1tn worth of fake bonds at Vatican Bank
Last year, Pope Francis replaced all the cardinals appointed by his predecessor Pope Benedict XVI. He practically cancelled the decree of Benedict to reform the bank. His team shut down many of the suspicious accounts held in the bank and asked the Promontory Financial Group to audit the institution and bring it up to international standards.
In October 2013, the Vatican Bank for the first time in its 125-year history disclosed its annual financial report to the public. It then showed a total of €4.98 billion in assets and €769 million in equity funds.
Earlier this year, the Vatican said it incurred a loss of €26m in 2014, and its goal was to return to profit.
Vatican to get 1st International AUDIT (?)
- Canuckster
- Posts: 6745
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They appointed their own auditor.
Nothing to see here
Nothing to see here
People say they all want the truth, but when they are confronted with a truth that disagrees with them, they balk at it as if it were an unwanted zombie apocalypse come to destroy civilization.
Be amazing to get some sort of insight into the finances of the vatican. and to look at there library!!
Canuckster wrote:They appointed their own auditor.
Nothing to see here
LOL I was expecting that but didn't see it yet
If true you are right.
All for show
- Edge Guerrero
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- Location: Smackdown Hotel at "the corner of Know Your Role Blvd
robbstar wrote:Be amazing to get some sort of insight into the finances of the vatican. and to look at there library!!
- When i think about The Vatican library the image os Ras al ghull library comes to mind or Stooges Mcduck, something like this
- I rent this space for advertising
Don't be selfish, preserve this world for the next generations.
I'll never long for what might have been
Regret won't waste my life again
I won't look back I'll fight to remain
Don't be selfish, preserve this world for the next generations.
I'll never long for what might have been
Regret won't waste my life again
I won't look back I'll fight to remain
- Canuckster
- Posts: 6745
- Joined: Wed Jul 04, 2012 5:24 pm
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I told my wife about this. And who's performing the audit.
Price waterhouse cooper.
Then she says "yeah they audit the oscars"
Cheque please
Price waterhouse cooper.
Then she says "yeah they audit the oscars"
Cheque please
People say they all want the truth, but when they are confronted with a truth that disagrees with them, they balk at it as if it were an unwanted zombie apocalypse come to destroy civilization.
- Edge Guerrero
- Posts: 8388
- Joined: Tue Oct 22, 2013 7:14 am
- Reputation: 3098
- Location: Smackdown Hotel at "the corner of Know Your Role Blvd
Canuckster wrote:I told my wife about this. And who's performing the audit.
Price waterhouse cooper.
Then she says "yeah they audit the oscars"
Cheque please
- The academy award`s is the biggest joke on the entertainiment industry.
- I rent this space for advertising
Don't be selfish, preserve this world for the next generations.
I'll never long for what might have been
Regret won't waste my life again
I won't look back I'll fight to remain
Don't be selfish, preserve this world for the next generations.
I'll never long for what might have been
Regret won't waste my life again
I won't look back I'll fight to remain
Price Waterhouse Cooper, yeah right. Let the IRS or the FBI do the audit.
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