Vatican's first auditor-general resigns unexpectedly | Reuters

VATICAN CITY The Vatican's first auditor-general, who was appointed two years ago in a move aimed at ensuring transparency in the finances at the headquarters of the Roman Catholic Church, has resigned, the Vatican said on Tuesday.A brief statement gave no reason for the resignation of Libero Milone, saying merely that he had presented it on Monday to Pope Francis and that the pontiff had accepted it. It said Milone's relationship with the Vatican, where he had been expected to serve until 2020, had been concluded 'by mutual accord'.A search for a new auditor-general will begin soon. Milone, a 68-year-old Italian who is a former chairman and CEO of the global auditing firm Deloitte in Italy, could not be immediately reached for comment

Reuters June 20, 2017 22:17:02 IST
Vatican's first auditor-general resigns unexpectedly
| Reuters

Vaticans first auditorgeneral resigns unexpectedly
 Reuters

VATICAN CITY The Vatican's first auditor-general, who was appointed two years ago in a move aimed at ensuring transparency in the finances at the headquarters of the Roman Catholic Church, has resigned, the Vatican said on Tuesday.A brief statement gave no reason for the resignation of Libero Milone, saying merely that he had presented it on Monday to Pope Francis and that the pontiff had accepted it.

It said Milone's relationship with the Vatican, where he had been expected to serve until 2020, had been concluded "by mutual accord".A search for a new auditor-general will begin soon.

Milone, a 68-year-old Italian who is a former chairman and CEO of the global auditing firm Deloitte in Italy, could not be immediately reached for comment.

When Milone was appointed in 2015, Cardinal George Pell, head of the Vatican's Secretariat for the Economy, said he would be autonomous, answerable only to the pope and free to "go anywhere and everywhere" in the Vatican to review the finances and management of any department.Since his election in 2013, the pope has enacted a series of reforms to clean up the Vatican's sometimes murky finances, including a re-vamp of its bank, the Institute for Works of Religion (IOR). (Reporting by Philip Pullella, editing by Ed Osmond)

This story has not been edited by Firstpost staff and is generated by auto-feed.

Updated Date:

TAGS:

also read

Alphabet's Waymo partners with Google Maps to offer autonomous rides
Business

Alphabet's Waymo partners with Google Maps to offer autonomous rides

(Reuters) - Alphabet Inc's self-driving unit Waymo said on Thursday it had partnered with Google's Maps to let users book fully autonomous ride-hailing services through the app.

Tesla revises plans for German gigafactory with more details on product lines
Business

Tesla revises plans for German gigafactory with more details on product lines

FRANKFURT (Reuters) - Tesla on Thursday revised its application for a planned gigafactory in Europe to include details for plans to produce battery cells on site and an expansion of other production lines, German officials said. It also includes plans to reduce water consumption so that usage remains constant compared to earlier proposals despite the expansion. Tesla has sharply criticised the lengthy regulatory processes in Germany and has pushed back the factory's opening date.

Facebook ready to commit to clear ad data access for partners, French watchdog says
Business

Facebook ready to commit to clear ad data access for partners, French watchdog says

By Mathieu Rosemain PARIS (Reuters) - U.S. social media giant Facebook has offered to commit to providing its partners with clear and objective conditions of access to advertising inventories and ad campaign data, France's antitrust authority said on Thursday following an investigation.