Pope Francis orders audit of Vatican's wealth

[Col. Flagg]

http://www.bloomberg.com/news/articles/ ... rs-pursued

Pope Francis, galvanized by a scandal over Vatican finances, has ordered the most powerful bodies in the city-state to launch an unprecedented audit of its wealth and crack down on runaway spending.

At the suggestion of his economic chief, Cardinal George Pell, Francis has set up a “Working-Party for the Economic Future” which brings together the Secretariat of State, or prime minister’s office, the Vatican Bank and other agencies.

Francis has told the panel “to address the financial challenges and identify how more resources can be devoted to the many good works of the Church, especially supporting the poor and vulnerable,” Danny Casey, director of Pell’s office at the Secretariat for the Economy, said in an interview.

The pope’s initiatives come as five people stand trial in the Vatican over the leak of confidential documents in two books published last month that described corruption, mismanagement and wasteful spending by church officials. Those on trial deny wrongdoing.

Francis, 78, has pushed for more openness and transparency in Vatican financial and economic agencies but he has faced resistance from the Rome bureaucracy.

I wonder what a true audit of our books would uncover and what disclosure would look like for us?

[Dash jones]

I know this has been brought on by a recent scandal from the Vatican that occurred recently. It was brought on by some monetary politics in regards to spending and extravagance from some of those in power.

I'd say the LDS church isn't quite at the Vatican levels yet. I'd say they are about where the Catholic church was around 30-50 years ago currently.

We'll see whether more politics come into play or what happens in regards to the Current situation involving the Vatican.

[davedan]

Talking with our LDS Area financial auditor, he was saying that most non-LDS Churches have a big problem with embezzlement. However, the LDS has much, much less because and almost none, because tithing funds are always overseen by 2 people at all times.

All wards and branches are audited twice-a-year and every expendature and every dollar is accounted for.

And, by-the-way, we spend considerable time and effort taking care of the poor and needy.

[samizdat]

There IS an audit of the Church's financial and money supply.

That knowledge is given to us every April Conference.

[gkearney]

There IS an audit of the Church's financial and money supply.

That knowledge is given to us every April Conference.

Let's be correct here, we are told there is an audit but we are not given the details of the audit report nor are we given access to the audit report itself.

[Robert Sinclair]

When all Christian Churches and Synagogues seek to see that "equity" and "inheritances in the land", by a freewill of the members, is established, for "All things in common", "Equal in their temporal things" such as was accomplished by Enoch and Melchizedek, where none are poor, it will be a good thing.♡

I still have hope and pray that The Church of Jesus Christ of Latter Day Saints, can lead the way with setting up this standard and sign of the true church, following the instructions given them of Jesus Christ, that they not remain as salt without savor.♡