Germany: Chancellor Angela Merkel At VaticanPrevious Article
‘The Pope For South Sudan’ InitiativeNext Article
Breaking News

Pope Accepts Early Resignation of Vaticans First Independent Auditor

Line Spacing+- AFont Size+- Print This Article

VATICAN CITY (CNS) — Just two years after being hired to help with the Vatican’s
efforts in finance reform, Libero Milone — the Vatican’s first independent auditor who answered only to the pope — handed a request for his resignation to Pope Francis.

The pope accepted Milone’s request, the Vatican announced June 20, after Milone
personally presented it to the pope a day earlier.

“While wishing Milone the best in his future endeavors, the Holy See wishes to inform
(everyone) that the process of naming a new director of the auditor-general’s office
will be underway as soon as possible,” the Vatican’s written statement

Pope Francis named Milone to fill the new position of auditor general in June 2015,
more than a year after establishing special structures to oversee the Vatican’s
finances — the Council for
the Economy and the Secretariat
for the Economy.

The auditor general has the power to audit the books of any Vatican office and
reports directly to the pope. The auditing office currently has 12 people on

Milone, 68, an Italian accountant and expert in corporate risk management, was born in
Holland and educated in London. He was chairman and managing partner of Milone Associates and had worked for Falck Renewables, Wind Telecom and Fiat. Until
2007, he was chairman of Deloitte Italy and served three years as a member of the audit committee of the United Nations’ World Food Program.

An independent auditor was a key part of the “separation of powers”
necessary for reforming the Vatican’s economic activity, Cardinal George Pell, prefect of the Secretariat for the Economy, wrote in 2015.

“These reforms are designed to make all Vatican financial agencies boringly
successful, so that they do not merit much press attention,” the cardinal

No reason was given for Milone’s request to step down.

In an interview in March with the Italian daily, Corriere della Sera, Milone said the previous 18 months had been very busy because he had to learn the way things had worked and then oversee 120 offices and foundations that make up the Roman Curia or are associated with the Holy See.

The office had just been completing preliminary studies of all the major assets,
finances and economic data of 2015 and 2016. “The next step is auditing the
balance sheet up to Dec. 31, 2017, so as to be able to get ready for auditing
the whole budget ending Dec. 31, 2018,” he said.

He felt their efforts had paid off by bringing in “a new model of managing
the budget and introducing the best international standards,” adding that
the real work in reform was, “first of all, cultural.”

When asked if he had met with any resistance, he said, “more than real or
actual resistance, often it was about being unaware” of more modern,
integrated and transparent accounting standards. They did a lot of training to
help people “overcome foreseeable difficulties,” he said.

He said he never regretted accepting the job, which had been offered to him by an
international headhunting agency, he said. “On the contrary, I will go all
the way with great enthusiasm.”

He said, “I am very motivated by the privilege of being at the service of the
pope … and to be able to do my small part of a decisive reform for the
Vatican … A reform whose full extent has perhaps still not been well

Back in September 2015, an employee of the auditor general’s office notified Vatican
police that Milone’s computer had been tampered with, the investigation into
that tampering led to the second VatiLeaks investigation and trial, according to Vatican Radio.

That trial found Msgr. Lucio Vallejo Balda, secretary of the Prefecture for the Economic Affairs of the Holy See, and Francesca
Chaouqui, a member of the former Pontifical Commission for Reference on the
Economic-Administrative Structure of the Holy See, guilty of having
roles in the leaking of confidential documents about Vatican finances and acquitted
an associate and two journalists.


Vatican Live Video Feed

Pope Francis on Twitter