move by the Administration of the Patrimony of the Holy See (APSA), an office of the Vatican's central bureaucracy, may represent the first such outside audit of the Vatican's coffers.
The office is charged with overseeing the Vatican's property, providing cash flow to its bureaucracy, and managing the city-state's overall financial portfolio.
Announcement of the financial review came in a statement Tuesday from the office's president, Cardinal Domenico Calcagno. The statement said the review, headed by the global consulting firm Promontory Financial Group, will "allow for greater depth and detail in the verification of the financial condition and management" of the office.
Read the entire article: Vatican's asset manager submits to outside audit | National Catholic Reporter
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