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Pope approves legal framework for financial reform
Source: Reuters
Pope approves legal framework for financial reform
BY PHILIP PULLELLA
VATICAN CITY Tue Mar 3, 2015 12:36pm EST
(Reuters) - Pope Francis approved detailed new plans to reform Vatican finances on Tuesday, giving the Australian cardinal leading the changes sweeping powers to monitor Vatican departments and ensure budgets conform to international accounting standards.
The statutes had been keenly awaited for signs of how much power would fall to Cardinal George Pell - an outsider Francis brought in to oversee often muddled finances and who, according to Italian media, is viewed skeptically by detractors in the Vatican bureaucracy who feel he has amassed too much power.
The changes were one of the clearest indications to date that Francis is committed to the mandate given him by cardinals who elected him in 2013 to clean up after a series of financial scandals.
The most important of three new norms is one that governs the Secretariat for the Economy, which Pell has headed since it was set up last year. The norms give Pell wide powers, including the monitoring of other Vatican departments, ensuring their budgets conform to international accounting standards and are reviewed by external auditors.
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BY PHILIP PULLELLA
VATICAN CITY Tue Mar 3, 2015 12:36pm EST
(Reuters) - Pope Francis approved detailed new plans to reform Vatican finances on Tuesday, giving the Australian cardinal leading the changes sweeping powers to monitor Vatican departments and ensure budgets conform to international accounting standards.
The statutes had been keenly awaited for signs of how much power would fall to Cardinal George Pell - an outsider Francis brought in to oversee often muddled finances and who, according to Italian media, is viewed skeptically by detractors in the Vatican bureaucracy who feel he has amassed too much power.
The changes were one of the clearest indications to date that Francis is committed to the mandate given him by cardinals who elected him in 2013 to clean up after a series of financial scandals.
The most important of three new norms is one that governs the Secretariat for the Economy, which Pell has headed since it was set up last year. The norms give Pell wide powers, including the monitoring of other Vatican departments, ensuring their budgets conform to international accounting standards and are reviewed by external auditors.
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Read more: http://www.reuters.com/article/2015/03/03/us-pope-finances-idUSKBN0LZ23M20150303
5 replies
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Everything Pope Awesome does is... well... AWESOME, so we need to praise him and support him because he reads DU and takes his cues from us. Well except for the stuff about women being equal, he doesn't care what we think about that. Or reproductive rights for all, nope, he's not a fan. Or marriage equality or parental rights or gender equality for LGBTQers. Yeah, he definitely hates that stuff (thinks it's "from Satan"
. So apart from those really important issues on which he completely opposes us, he's totally on our side and please stop pointing out the truth YOU GUIZE.
