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Pope Hires Ernst & Young to Audit Vatican Finances

Pope Hires Ernst & Young to Audit Vatican Finances

Pope Francis is continuing his mission to clean up the Vatican’s finances and flush out any corruption among leadership, by hiring the accounting firm EY (formerly known as Ernst & Young) to audit a large portion of the Church’s funds overseen by the controversial “Governatorato” department. The finance and accounting company will be asked to review the financial transactions of the Vatican City State—now the third area of the Catholic Church (along with the Vatican Bank and the branch that oversees the church’s real estate holdings) to come under review of third-party auditors. The department known as the Governatorato came under scrutiny during the 2009 “Vatileaks” scandals, after letters written by the butler of Pope Benedict outlining financial corruption by Church officials were made public …

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