PracticeAccounting FirmsKPMG to advise Vatican on international accounting standards

KPMG to advise Vatican on international accounting standards

Vatican hires KPMG to "align the accounting procedures of all agencies of the Holy See with international standards"

KPMG has been brought in by the Vatican to advise it on its internal accounting procedures following a series of problems within the Holy See’s finances.

The Vatican said it had hired KPMG to “align the accounting procedures of all agencies of the Holy See with international standards”.

The appointment was made as part of a commission of inquiry set up by Pope Francis to clean up the Holy See’s finances after the Vatican suffered a series of scandals in which it was accused of corruption.

In addition, EY was brought in by the Vatican City State, the department which manages the activities of the Vatican City, to look at audit its internal finances.

Related Articles

KPMG replaces PwC as Croda auditor

Accounting Firms KPMG replaces PwC as Croda auditor

2d Emma Smith, Managing Editor
FRC closes KPMG HBOS audit investigation, Treasury Committee expects ‘full explanation’

Accounting Firms FRC closes KPMG HBOS audit investigation, Treasury Committee expects ‘full explanation’

1m Emma Smith, Managing Editor
Deloitte rises in auditor rankings with most FTSE 250 clients

Accounting Firms Deloitte rises in auditor rankings with most FTSE 250 clients

2m Alia Shoaib, Reporter
FRC launches investigation into KPMG’s Rolls-Royce audit

Accounting Firms FRC launches investigation into KPMG’s Rolls-Royce audit

6m Emma Smith, Managing Editor
The importance of investing in people

Accounting Firms The importance of investing in people

7m Emma Smith, Managing Editor
Partner joins BDO from KPMG

Accounting Firms Partner joins BDO from KPMG

2m Alia Shoaib, Reporter
EY hired by Carillion to review finances

Accounting Firms EY hired by Carillion to review finances

3m Alia Shoaib, Reporter
Introduction to KPMG UK’s new leadership team

Accounting Firms Introduction to KPMG UK’s new leadership team

5m Emma Smith, Managing Editor